I have been asked a lot recently if we are in a bubble.  I’ll say the answer is NO.  I expect the rate of growth to slow a bit from what we’ve seen in the last 12 months, but when I look into my crystal ball I see slow steady growth in the housing market over the next several years to come.  Here is why: Missing Households.  One factor supporting long...

Couldn’t help but notice this sign driving down Sheridan the other day. Look closely. Goes to show you that you don’t have to know how to spell in order to own a multi-unit apartment building.                       After seeing this sign, I started thinking…..what do you need to know to invest...

Earlier this Spring the inventory of homes was at all time lows, bouncing around the 5,000 to 6,000 homes mark.   Compare this to over 20,000 homes on the market just a few years ago.  While the low inventory provided a healthy push in home prices, it also left a lot of buyers out of the game because competition over the few homes on he market was fierce.   If you...

We saw climbing inventory and solid sales in July despite it being a seasonally lower volume month due to all the family vacations. Home Inventory:  Increase from 8,187 in June to 10,025 in July. Homes Sold:   Increase from 5,566 in June to 6,104 in July Avg. Days on Market:  37 days in July, down 6 days from June. Compared to last year at this time home prices have...