tb8011Jan 62 minIs Now A Good Time To Buy?Is Now A Good Time To Buy? People ask me this all the time! I participate in the market actively, representing buyers and sellers, and also buying/selling several of my own properties each year. There’s lots of data, which can be manipulated and applied to support any argument. In short, people will believe what they want to believe! An argument against buying: It’s a seller’s market, baby. We have fewer homes available today than at any point since they started tracking. Che
Thomas BurneyOct 6, 20201 minBuyers facing toughest market on recordYay data. Wow, wild summer! Check out the total breakdown of the supply-demand dynamic (bottom right corner of the chart). The surging blue line combined with record low interest rates to drive bidding wars and record home prices. I expect this to gradually return to the seasonal patterns of 2015-2019. The snow's coming, and nobody likes moving in winter, right? Monthly prices were roughly flat versus last month. Deceleration does not equal decline, but it is frequently a lea
Thomas BurneySep 9, 20201 minA Tale of 2 MarketsThere’s never been a year like this one. Uhh, can we all agree to not have another year like this? You know that housing shortage that we all keep talking about? The one where there aren’t enough houses available to meet homebuyer demand? Where prices keep rising at unsustainable levels? Yeah, that. That’s what’s getting worse. July 2020 set an all-time record for number of houses sold in any month. We just followed that up with the biggest August number ever. There’s basical