Category: Home Supply

Another 20% MoM drop in the market?

According to february publicly-available local realtor/MLS reports, the existing home sales ran at a seasonally adjusted annual rate of 4.51 million, which is up 12.75%...

Weekly Economy & Market News #1

Great news for the housing market! According to the National Association of REALTORS®, existing-home sales saw a 14.5% increase in February, putting an end to...

No, the market is not going to go bust

As we move into 2023, the end of the foreclosure moratoriums, coupled with the expiration of a large number of forbearance plans, will likely lead...

Weekly Economy & Market News #0

Today, the most significant event impacting the housing market is the collapse of Silicon Valley Bank (SVB), despite the release of a wealth of anticipated...

+40% Markup after purchase? Why Not!

Sold for $400k on 2/14, goes back to market again 3 months later for $549k. And it doesn’t really look like it had any major...

Weekly price drops in NYC

Jamaica, Queens – right next to JFK airport. Maybe not the fanciest neighbourhood, so should take with a grain of salt. Good to see they...

This is what a 1M house looks like in Los Angeles

https://www.zillow.com/homedetails/3256-S-Sherbourne-Dr-Los-Angeles-CA-90034/20495867_zpid/ Built in 1940, located in Culver City. It’s on Zillow since a few days, let’s see what happens in the next few weeks....