It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). To kick things off, here’s an excerpt from the NWMLS press release: High demand,…
Tag: NWMLS
NWMLS: Inventory Hit Another New Low in November
November market stats were published by the NWMLS this morning. Here’s what they have to say about their numbers: High demand, low inventory sparking multiple offers, market momentum. “There continues to be extremely low inventory levels and high buyer demand which is causing multiple offers in many local areas,” reported OB Jacobi, president of Windermere…
Reader Question: Home Prices in Gold?
A reader emailed me with a question about home prices compared to gold: Any easy way for you to compare Case-Shiller home prices to gold? I have a hunch prices have dropped much more dramatically than we realize, as our USD goes in the tank. Maybe Goldman’s 22% drop prediction was closer if the nasty…
Reporting Roundup: Price Jump Fake Out Edition
It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). To kick things off, here’s an excerpt from the NWMLS press release: Housing recovery…
NWMLS: Inventory Hit a Record Low in October
October market stats were published by the NWMLS this morning. Here’s what they have to say about their numbers: Housing recovery continues with prices rising as inventory dips to lowest level since 2006. The shortage of inventory is helping propel prices. J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, commented on…