BOOED
Fall(ing) Home Prices?
Welcome to Fall! (OK, not officially until September 21, but we’re post-Labor Day now). So, are sizzling Summer temps and home prices behind us? Well we can’t go that far, but the market appears to be closer to normalizing. According to a recent article in The Real Deal (9/3/21), nation-wide inventories are still below year-ago […]
Is the Market Poised for a Downturn … or New Highs?
Have sellers finally met their match in price-induced buyer fatigue? Nationally, pending sales declined for the first time since May 2020. Larry Yun of the National Association of Realtors describes the decline as a “turning point for the market,” adding that the slowdown in sales is “largely due to the huge spike in home prices.” […]
June Gloom?! Not in Real Estate
It’s more of the same this month in residential real estate: low inventory, bidding wars, quick sales and, of course, rising prices. According to a May 7 article in Mansion Global, the nationwide median home price rose 21% year-over-year to a record $348,500. Days on market averaged only 19, down from 35 a year ago. […]
Will Los Angeles Real Estate Crash? Will Bitcoin and Dogecoin?
Recently, a Forbes article explored whether and when the Los Angeles real estate market could be headed for a crash (see this link). To summarize: Maybe…soon…or never. The author makes good points about the supply aspect supporting higher prices. (Do you know of any undeveloped land within 20 miles of the Pacific? Me neither.) However, […]