News

May 26, 2019
By KAREN RANDOLPH The local housing market is in its sixth year since existing sales recovered from the Great Recession. Today’s market and local economy have a different feel.
KAREN RANDOLPH 2019 NETAR President
Several things are boosting my excitement level. One is the annual mid-year real estate forecast from the National Association of Realtors® (...
May 18, 2019
By KAREN RANDOLPH
KAREN RANDOLPH 2019 NETAR President
The local housing market shook off March’s soft performance in April with an 11.8 percent residential sales increase and a 4.6 percent single-family average price increase. Robust growth during February and April has boosted the region’s year-to-date single-family sales growth rate to 5.4 percent....
May 12, 2019
By KAREN RANDOLPH
KAREN RANDOLPH 2019 NETAR President
Homeowners who want to sell their home must give buyers a disclosure of the property’s known defects. It is the LAW. Even if you qualify for an exemption to completing the state mandated disclosure, you must disclose known defects and/or adverse facts about the home to potential buyers. Most of the...
May 4, 2019
By KAREN RANDOLPH The Days on Market (DOM) metric found at the bottom of housing market updates is more than just a data point. It is a marketing tool and indicator.
KAREN RANDOLPH 2019 NETAR President
In simple terms, DOM is the number of days from the date a property is listed to the signed contract date. It is an indicator in the marketplace, and can...
April 27, 2019
By KAREN RANDOLPH Buckle your seat belt...the spring home buying and selling season is shifting into high gear. Last week’s column was about the inventory squeeze, and like the number of rainy days we are seeing this spring, it is not letting up.  March’s new approved contracts set another record. They surpassed the number of new listing and closings on residential resales.  Realtors® are monitoring a noteworthy market sub trend...
April 21, 2019
By KAREN RANDOLPH Trying to explain the local housing market is tricky these days because we’re seeing conditions that even some of most senior real estate professionals have never seen before.
Karen Randolph 2019 NETAR President
For instance, consider the housing market’s version of March Madness.  Home sales were down compared to March last year.  But...

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