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The June statistics show more of the same…..astonishing statistics: • Median closed sales price $1,364,000 up 40% • 78% of homes sold for over the list price. The median over list price paid was 14%. • 92% of properties that sold had less than 15 days on market. Looking for signs that our prediction (written […]

Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability and well-being grow to record levels. In […]

The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However, skyrocketing prices are causing some to start questioning affordability in the current housing […]

Inventory is at a historic low, which is very challenging for buyers. The saving grace is that interest rates are also historically low. Prices are up a staggering 17%, but with the low interest rates monthly payments have only increased 3%. For most buyers, it’s all about monthly payment because you live in the payment […]