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The Principal Team’s David Lampe was featured as an Area Specialist in Top Agent Magazine. Take a look at the article.

With inventory increasing and softening demand due to higher interest rates, the question we keep hearing is, “Will home prices fall?”

From 2015 through 2020, closings peaked in summer and declined 34% on average between the peak and November. This year, closings dropped 21% from their peak in June to November, less than the average during that five year period. That indicates demand for housing is still strong as we enter the winter. While things are

REALTOR Magazine reports: The National Association of REALTORS®’ latest housing report shows housing inventories are increasing, by 7.3% in July compared to June. A greater number of homes for sale will lessen the intensity of multiple offers, said Lawrence Yun, NAR’s chief economist, in regard to the latest home sales numbers. “We’re seeing the gap narrowing

Buyers have more to choose from than they have in many months, but first-time buyers aren’t finding what they need and many have just stopped looking. From HousingWIre: After a year of extremely tight housing inventory, the housing market is showing signs of finally adding housing stock. The inventory of unsold homes rose by 7.3%

From July 2019 to July 2020 the number of active listings – all homes for sale in the metro area, including townhomes, condos and single-family homes – decreased 41.5%. That lack of inventory was a major factor in rising home prices. 20.3% more homes sold this July compared to July 2019 while the median price

June numbers are out. As the economy opened, a combination of low interest rates, pent up demand and low inventory led to more homes being under contract than came on the market. 7,676 homes went under contract last month. That’s a record high, up 27.38% compared to June 2019 and 16.25% higher than May 2020.

Have a safe and happy Fourth of July weekend! We hope you’re doing well. For many of us, this is a trying time. The people who serve our community the most seem to be going through the most. Teachers had to adjust to an entirely new way of doing things. Doctors, nurses, and others in

Is 2020 the year you’ll sell your home? You may be surprised to know that many agents represent buyers and sellers in fewer than 5 or 6 transactions a year, and many agents only sell one or two homes. This volume makes it difficult for them to do full-impact marketing for your home; they can’t