The Takeaway: Lauren Yun, Chief Economist for NAR, reported in his June 2017 address that Existing Home Sales reached their 3rd highest point in 10 years. Low Inventory now continues into its 24th consecutive month of year-over-year decline. This lack of market inventory has caused sales volume to drop by ...
Continue ReadingThe Takeaway: There is value in knowing if a home improvement project might net you a Return On Investment (ROI) and if so at what potential rate? Major renovations like a bathroom addition or kitchen remodel are popular ways to increase a home’s value. However, something as simple as ...
Continue ReadingClosed Sales for Tampa – St. Petersburg – Clearwater MSA_Feb. 2017 Sales by Price Range Tampa – St. Petersburg – Clearwater MSA_Feb. 2017 **Please remember that Real Estate is affected by a great many variables such as market size, seasonal cycles, property type, sales price range, location etc… Whether you ...
Continue ReadingThe Takeaway: Supply & Demand is quite a simple concept. . An optimal time to sell is when the supply of a product is low & the demand for that product is high! Generally, a “Stable/Neutral Market” lands somewhere between 6 – 7 months of home inventory. Anything above ...
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