Monday, May 20, 2019

New Listing Watch -- pre Memorial Day

There were 319 new listings during the past two weeks which is fewer by 10% compared to the previous two week period and also compared to the same period a year ago.  Most of the fall off is in the condo market where new listings dropped from 206 in the prior period to 178.


14% of new single family homes listings and 18% of new condo listings went into contract within the same two week period.  That's down a few points for single family homes compared to the previous period and compared to the same period last year.  It's also down for condos compared to the prior period but higher by almost 4% compared to a year ago.



Price reductions were up compared to the prior period for both single family homes (12 vs 7) and condos (25 vs 4).  But price reductions are down compared to a year ago.



The full report can be found at our web site:  www.boldsf.com

Trump and the National Association of Realtors

Invited to address the NAR at its (annual?) meeting last week in Washington, the New York Times reports:

By the time the president took the stage before the National Association of Realtors in Washington on Friday, he was in a feisty mood. 
He recalled that a consultant tried to make work for himself by identifying environmental concerns on a property Mr. Trump wanted to develop. “I fired his ass so fast,” the president recalled.
He told the Realtors that he used to refuse to pay brokers their traditional 6 percent commission and instead gave them just 1 percent. 
“I was famous for that,” he said. When they booed, he quickly retreated. “Don’t worry. Nobody accepted it. But I tried like hell.” 
Then he went after one of his favorite targets — journalists — claiming that recent reports of infighting within his national security team were made up. “There is no source,” he said. “The person doesn’t exist. The person’s not alive. It’s bullshit, O.K.? It’s bullshit.” 
And with that, the television networks had to hit their bleeper again.
This is disappoint (but not surprising) to hear the President of our country behave this way.  (Click on the link above for the full story).

Thursday, May 9, 2019

What not to do when selling your home

We see articles like this with similar headlines all the time but this recent article in the Washington Post hits most of the important points:

Letting ego or emotion affect the sale

Overlooking extra fees at closing

Not staging a home

Putting bad photos of your house online

Trying to sell the house yourself

Pricing your home too high

Failing to make necessary repairs

Failing to disclose a defect


Click here for the full article.