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Rich’s Weekly Newsletter 12-31-21

What's up with the market in 2022? "So...2022 is here. Is it a good time to buy or is it better to sell?" The answer is yes.  The 2022 real estate market will continue to be a strong one for sellers although things will even out a little bit for buyers. Keeping Current Matters (one … Continue reading

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Experts Weigh In on 2022 Housing Market

Bringing you some insights from the folks over at KCM. The driving question for the moment: is now a good time to buy or sell? The overwhelming answer appears to be...yes. More inventory will make the spring market less competitive which is good for buyers...but there still isn't enough inventory which makes things good for … Continue reading

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December 2021 Real Estate Update

I can't believe that we're less than 2 weeks from Christmas. Totally mind-blowing 🤯. It's mid-month so that must mean that it's time to take a look at what's happening in the market. First up, let's take a look at the raw numbers: Because inventory has been so depressed since the start of the pandemic, … Continue reading

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What Buyers Need to Succeed in Today’s Market

Let's think about this quote ☝🏼☝🏼☝🏼 for a minute. Let's let it fester and linger and then come back to it, because it is the important ingredient to finding the right home. The other word to talk about today is "grit." Although I think that it's used too frequently in the academic sense, it is … Continue reading

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2021 November Market Update

The American Canyon Real Estate Market is continuing strong heading into the winter. Even though the median price retreated significantly last month, that was largely because of older, smaller homes going on the market at the end of summer. So, while the median home sales price dropped by almost 8% from last year, the average … Continue reading

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So…what’s up with the market…really?

It’s not the white-hot market from earlier in the year & it’s not the 2020 market benefiting from a wave of pent-up demand but make no mistake this is still a hot housing market.Odeta Kushi, Deputy Chief Economist at First American I pulled this quote from the good people over at Keeping Current Matters (KCM) and I'll share the … Continue reading

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American Canyon August Market Update

Before I begin, I have something to say: we are still in a seller's market. We can look at the numbers in about 800 different ways and the fact remains that there are more buyers looking to purchase in American Canyon than there are sellers looking to sell. Real Estate prices are still rising... The … Continue reading

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Don’t Expect Another Wave of Foreclosures

Many potential buyers that I speak with often tell me that they are waiting for another wave of foreclosures after the moratorium lifts. According to leading economists at Keeping Current Matters, don't expect a glut of distressed properties on the market this year (or the beginning of next year if the eviction moratorium proposed by … Continue reading

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April 2021 Market Update

Every month I feel like I say the same thing. Mortgage rates are still near historic lows, there isn't enough inventory, there are a lot of buyers, housing prices continue to rise significantly. Still in a seller's market... In fact, the median home price in American Canyon rose by 23% and the number of homes … Continue reading

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Are We in a Housing Bubble?

As a real estate professional, it's important that I stay on top of current trends. Keeping Current Matters (KCM) is one of those companies that I follow very closely. Understandably, both buyers and sellers are interested in whether or not we are in a housing bubble. KCM digs deep on a continual basis, looking into … Continue reading