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California has long been seen as a promise of the future. Known as the Golden State for many reasons, California stands as the fifth largest economy in the world. It stands as both the tech and entertainment centers of the world. And the state is blessed with beautiful geography and year-round moderate if not perfect temperatures. If the Golden State...
ATTOM Data Solutions just released its Q3 2018 Home Sales Report for both single-family houses and condominiums. The median sales price was $256,000, an increase of +1.0% from Q2 2018 and an increase of +4.8% from Q3 2017. If this rate of home price appreciation doesn’t sound so great to you after a period of blistering hot gains, you’re right....
As of Q3 2018, more than two thirds (69%) of median home prices are above pre-recession levels. 77% of metros have median home prices above the post-recession trough of $145,000 during Q1 2012. Take a look at the top ten: Dallas TX - +86% Houston TX - +85% Kennewich Richmond WA - +81% Greeley CO - +77% San Antonio TX - +73% Denver CO- +72% Indianapolis IN...
Working with buyers is physical labor. Working with listings is mental labor. The more listings you have, the more predictable and duplicatable your income is. Today we're going to drill down on your MAGIC NUMBER... that's the number of active listings you must have at all times in order to meet or exceed the income required by your goals....
ATTOM Data Solutions just released its Q3 2018 US Home Affordability Report. The report indicates that 78% of local markets, 344 counties out of the 440 counties analyzed, were considered to be “not affordable.” This is the lowest level of affordability in the US in 10 years. ATTOM's affordability index is based on the number 100 (the percentage of income...
Prices soared to record heights in Downtown Los Angeles and the city’s Westside in Q3 2018, according to a report by the Miller Samuel Appraisal firm and Douglas Elliman Realty. Luxury condominium sale prices in Beverly Hills and Malibu carried the day while the overall market in Los Angeles eased up a bit from the sizzling hot sales and price...
Luxury home prices in Florida are booming. They haven’t risen as quickly in the last 5 years, according to Redfin Data. Prices in Florida’s luxury home market began to take off in January 2018 when the Republican Tax Act of 2017 went into effect. In Q2 2018, Florida’s luxury home prices jumped a lofty +16% from Q2 2017, again according...
Alan Ferguson checked in with Tim and Julie all the way from Glasgow, Scotland recently. Ferguson describes himself as a “newbie” just beginning his fifth week as a real estate agent and as a dedicated listener to Tim and Julie’s daily Real Estate podcasts. Ferguson particularly responds to Tim and Julie’s “…more serious lessons for users…” lessons he believes that...
Working with buyers is physical labor. Working with listings is mental labor. The more listings you have, the more predictable and duplicatable your income is. Today we're going to drill down on your MAGIC NUMBER... that's the number of active listings you must have at all times in order to meet or exceed the income required by your goals....
Here are some startling stats on the US housing market courtesy of Candace Adams, overseer of Berkshire Hathaway Home Services operations and agents across Connecticut, New York, Massachusetts and Rhode Island. Home prices have increased nearly +60% since March 31, 2012, according to the S&P CoreLogic Case Shiller 20 – City Composite Index. Household income has increased a bit...
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