According to George Ratiu, senior economist at realtor.com, the housing market decidedly shot way ahead of the economy in 2021. We saw an overheated market with multiple offers, waivers of contingencies, price escalation clauses, and record prices. He predicts that Read more…
Category: Real Estate
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Nicholas Gerli, of Renventure Consulting says that data from Realtor.com shows that Boise leads the nation in price reductions at 920%. He believes that a housing crash has started in Boise, Stockton, and Austin. He even states that Boise is in Read more…
According to the Coeur d’Alene Association of Realtors, the median sales prices of homes in Kootenai County in August were up 40% from a year prior, to $470,000. Likely reasons for the huge jump include low interest rates plus pandemic-related Read more…
Nothing too unexpected here. Eviction moratoriums for over a year, tenants stop paying even if they have money, so small landlords sell out. Some properties are bought by owner occupants, reducing the amount of rental housing and resulting in an Read more…
The U.S. Supreme Court blocked the Biden Administration’s eviction Centers for Disease Control new eviction moratorium extension less than one month after it was enacted. After the original moratorium lapsed, a number of liberal lawmakers and activists pushed for continued Read more…
https://www.noradarealestate.com/blog/housing-market-predictions/
This video explains that different markets came down harder in the last crash. The biggest predictor was how much values went up before the crash. The host explains that values tend to go up with wages, jobs, and inflation. When Read more…
I’ve been wondering about “quantitative easing” since seeing how quickly the money supply has been increasing lately. Is the Federal Reserve really able to just print money out of thin air, decreasing the value of money relative to everything else Read more…
Though the Supreme Court has indicated that the CDCs prohibition on evictions is unconstitutional, the Biden Administration has extended the federal moratorium on evictions for another two months. The administration knows full well that the prohibition is illegal, but does Read more…
Multiple factors led to a strong buyer’s market in Spokane during the pandemic: an increase in lumber prices as quarantined people fixed up their own homes (plus a halt in production during quarantines), people not wanting to sell because they Read more…
Landlords in Washington State have been noticing how it has been becoming more and more difficult to be a landlord. There was a lengthy eviction moratorium and rent freeze during the pandemic. Leases that converted to month-to-month after annual terms Read more…
According to research by Oxford Economics, the whole world is in a property bubble and Canada is the second riskiest, after the Netherlands. They used a price versus rent ratio versus historical ratios and found that Canadian prices are about Read more…
The National Association of Realtors performed research using a variety of factors and came up with the top 10 markets that have shown resilience during the Covid pandemic period and that they expect to perform well post-COVID-19 in 2021-2022. I Read more…