The Principal Team

Listings are having more showings now than ever. The average listing in our MLS had more than 14 showings in January. This is another indication of how low inventory has been compared to demand. Ten years ago, the average was four, and five years ago it was seven. We haven’t experienced over-lapping showings since before […]

Competition for homes is fierce right now. If you’re going to buy a home soon, you may have to compromise on something. Generally, buyers can compromise on: Price – You can pay more than you hope to pay Location – You can choose a home in a different part of town Condition – You can

It’s snowing as I write this, but the housing market feels like spring or summer. Buyers are facing stiff competition for every home out there. Well-priced homes in ideal condition receive multiple offers and go under contract quickly. We showed one home last weekend that had 153 showings and 33 offers. Another had 23 offers.

If you read our update every week, you know we don’t like to make predictions. We will say, though, that the first quarter of 2022 may surprise people. Most sellers put their homes on the market in April, May, or June. That’s likely to remain true next year, but we expect large numbers of homes

Monthly Mortgage Payments for the Typical Home The affordability of housing is on everyone’s mind. We already know that first-time buyers are struggling to compete with investors and cash buyers. How expensive is it to purchase a home? Let’s take a look at the past year and how affordability now compares to one year ago. Below