Real Estate Industry News – May 2022 Edition
And that’s a WRAP!! Within minutes, or what felt like minutes, quarter one is complete. Let’s review 2022 quarter one’s happenings…. Inflation marches on……. Rates continue to rise Inventory is scarce iBuyers are on the rise WVMLS recap Piatt’s two cents….. Inflation marches on….and on…. US Inflation Rate Hits New 40-Year High of 7.9% In February […]
Real Estate Industry News – April 2022 Edition
How the US’s supply chain will hinder the housing market: For nearly 3 years, builders have struggled to keep up with demand as availability and surging costs for building materials have ultimately produced higher prices for newly-built homes. And experts say conditions are not getting any better, in fact, they are worse than last year. Let’s […]
Real Estate Industry News – March 2022 Edition
Inflation I think I mentioned this 12 months ago…. INFLATION is FULL STEAM AHEAD! And it’s not over yet. Just a recap of what inflation is: Inflation is an increase in the price level of goods and services throughout a specific time frame. Basically, it means that a dollar today buys less than it used […]
Real Estate Industry News – Jan 2022 Edition
I hate to say it, but I told you so….. Also, I don’t really hate saying that… Remember in March, May, June and July I discussed inflation continuing to rise? Do you remember WHY? INFLATION – Let’s talk about it… What is inflation? Inflation is an increase in the price level of goods and services […]
November’s Industry News Update
What’s happening in the real estate industry you ask? Check out these top headlines! BRING IT ON! A GIANT PORTAL is on the rise and they are NOT afraid to show it. Rents continue to rise…. How this affect the home purchasing maket. Co-Star has purchased HomeSnap; birthing the new company CITYSNAP. While Co-Star […]
October’s Industry News Update
Building Material Prices: Large Increases Year to Date Although the recent drop in softwood lumber prices since mid-May is helping bring costs down (after having driven them up drastically earlier in the year), the decline has been offset by large increases in the prices of several other building material products. Let’s talk DECINE – framing lumber prices […]