by Russell Shaw | Feb 12, 2021 | Market Update, State of the Market
THE VANISHING HOME SUPPLY It is becoming harder and harder to find the words to adequately describe the extraordinary lack of homes for sale and the unbalanced market it is creating. This phenomena is not confined only to the valley, but is occurring across most of...
by Russell Shaw | Jan 15, 2021 | Market Update
2020 ENDS. 2021 BEGINS. 2021 begins with the inventory of homes for sale at the lowest number recorded in the last 20 years. As of January 10th, 2021 there were only 6,162 listings active in the MLS. To make matters even worse, that number is inflated because 10% of...
by Russell Shaw | Dec 10, 2020 | Market Update, State of the Market
ARE FORECLOSURES ON THE HORIZON? With the CARES Act and eviction moratorium due to expire December 31st, many people falsely believe that an abundance of homes will become foreclosures as homeowners begin to default on their mortgages. This theory has a hypothetical...
by Russell Shaw | Nov 24, 2020 | Market Update, State of the Market
It is hard to believe that we are in the waning weeks of 2020 – a year not likely soon forgotten. While real estate was certainly not the top headline (pandemic, fires, protests, politics – need we go on?) it was in its own way a valley headline grabber. The...
by Russell Shaw | Nov 11, 2020 | Market Update, State of the Market
Demand Strong, Homes for Sale Scarce The real estate market of 2020 will likely go down as one of the strangest years in history. That is saying something given the meteoric rise of 2005 and the catastrophic fall of 2008. The pandemic hitting in March quelled...
by Russell Shaw | Oct 15, 2020 | Market Update
Warp Speed Market Talking about the 2020 real estate market causes even seasoned agents who survived the 2005 run up to shake their heads. This is truly a year that feels like “there is nothing for sale”. While listings coming to market are lower than last year’s...
