A doctor who wants to determine a patient’s health checks out their vital signs: their heart rate, blood pressure, lungs, etc. What’s the equivalent for the housing market? Trends in the following three things: One. Inventory. Falling inventory — also called “supply” — augurs well for future housing prices; increasing inventory, the opposite. Right now,...Read More
Yellow Flag: ‘Pending’ Back to ‘Active.’ Fools rush in where angels fear to tread. –Alexander Pope To get their arms around a listing, especially when they have a Buyer in the wings, veteran agents like to poke through the home’s MLS history. How long has the home been on the market? How many price reductions...Read More
Q: When is a “new list” not new? A: When it’s a re-list. “‘Insanity’ is doing the same thing over and over again and expecting different results.” –Albert Einstein Late Winter in Minnesota is about melting snow, lengthening days (finally!), and — to Realtors — re-lists. Lots and lots of re-lists, especially this year. If you’re...Read More
