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...
California’s CoreLogic, a data and analytics company, just released their Home Price Insights report, designed to predict what will happen with housing between now and May 2021. The report predicts home prices will decrease 6.6% from May 2020 to May 2021, the...
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...
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,...
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...
As the year comes to a close, we like to reflect on why we do what we do. With our mission and values in mind, we can move forward with joy and inspiration to do our jobs even better in the year ahead. The Principal Team’s mission is to provide the highest-quality,...
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