It's March  |
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IN THE NEWS: Interest Rates Rising? The Fed raising rates a quarter point, the European Central Bank will move much slower. The EU economy was already meaningfully weaker than the US before Russia’s invasion. The US is the world’s #1 oil producer, EU nations produce little oil, and EU banks have exposure to Russia, while US banks have almost none. Also, EU inflation is largely energy-based, US inflation primarily demand-based. THE #1 REASON TO SELL YOUR HOUSE TODAY? Buyer demand far exceeds housing supply. Because purchaser demand is so high, the market is running out of available homes for sale. Later this year, inventory (and by extension, your competition) will increase as many homeowners are waiting to put their homes on the market in the spring and early summer. (Reply if you didn't get my email about this.) Are real estate portals addictive? Psychologists, addiction experts and gamification specialists agree search portals like Zillow and Realtor.com can be irresistible to vulnerable users. But the question is: How big of a problem is it? For individuals that have a propensity for addiction, there are lots of everyday things that could become a threat — including real estate listing sites. Michele Waldron, a psychologist with Sexual Health and Healing, a Cambridge, Massachusetts-based practice, said individuals who turn to real estate listings as escapism should ask themselves what it is they’re looking to get away from. “Try to stay in the moment and be curious about what it is that’s so uncomfortable,” she advised. FROM MY BLOGS: How Does Inflation Affect Home Prices? If you’ve followed the news lately, you’ve probably seen quite a bit about inflation. The consumer price index jumped 0.8% in February, bringing the total increase over the last 12 months to 7.9% – this is the largest annual jump in the last 40 years... READ MORE Sarah Marrinan Awarded Diamond Elite at EVX ENGEL & VÖLKERS held their annual conference in Las Vegas in early March where they hand out awards... READ MORE  Home Seller Timeline In the March Issue of Lino Living, I wrote about the timeline to sell your home. If you don't receive that publication, please reply and I will send you a PDF copy. 2021 Mortgage Tax Deductible Items TAX DEDUCTIBLE ITEMS FOR 2021 MORTGAGES... READ MORE Is it the right time for you to sell your home? Determining the best time to sell likely requires you to reflect on your home and lifestyle. Certain months may have stronger market activity, but what really signifies if you’re ready to sell are the following personal indicators: Read More What love letters? The first legal “love letters” have started to trickle in after Oregon’s ban was halted last week. But so far, buyers are taking it slow. Twin Cities Homes Sales While sales are slowing in some segments, others are still growing. Interested in what your market segment is doing? Contact me for a 10 minute zoom call that will drill deep into stats that matter specifically to you. |
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