Real estate can exhibit functional obsolescence if its design features are outdated, not useful, or not aligned with market tastes and standards, such as when an old house is located within a neighborhood of new homes. While functional obsolescence is generally associated with rundown structures or...
Last year, 2020 - the ultimate “June Gloom”. This year, 2021 is bringing us “June Bloom”! See the red demand line in the chart coming down? How about the blue supply line that has just begun to sideways? Historically speaking, summer is a busy season for...
Supply & Demand Active listing count in ARMLS is the lowest ever, with only 4364 properties for sale. The average number of active listings for this millennium is 28,539! Last year finished as the 2nd highest number of sales through MLS; 105,368. The record in 2005 was...
With mortgage rates at all-time lows and an uncertain future due to the current Covid-19 pandemic, is now a good time to buy a home? It may feel contradictory to purchase a home at this time, however, for people who feel confident about their job...
Hey Everyone, Elise Fay here—hope you are all doing well and taking care of one another. Concerns about the global impact Covid-19 will have on the economy are real. And they’re scary, as the health and wellness or our families, friends and loved ones are...
As we finish the first quarter of 2020, I have some surprising facts to share: -As we move into 2020 there are currently 12,742 active listings or homes for sale in our marketplace. -As we entered into 2019, we had 16,428 homes ofr sale. No one predicted...
Don't let selling your home during the Holiday season dampen your spirit. Create a buyer-friendly home with my Top 5 seasonal home staging tips: -Go easy on the outdoor lights and leave the inflatable snowman in the storage room. Instead, use simple string lights to play...
Would you like an offer on your home while skipping the headaches and hassles of selling traditionally? There’s a record amount of capital looking for a place to rest. Companies are ready to make a very competitive offer on your home. They buy it, turn it around,...
Are you a first-time homeowner feeling more than a little confused about what you need to focus on during the first year of your home owning experience? Have you just bought a home for the first time in a long time and need a refresher...
There are different valuations of a home’s worth and you should understand the difference between market value and assessed value. It’s important to understand what your home is worth. Knowing your homes value gives you an idea of how much you could receive if you...