spokane housing market: What happens to my ability to buy when the rates go up? - 09/27/16 09:40 AM
Friday's Wall Street Journal was the one to reed if you were interested in the the next days' comentary about why the rates didn't go up and when might they?  Economists vary as to why the rates have not gone up as of yet, but most agree that they will go up soon.
Every Tuesday morning I get together with a group of outstanding agents interested in learning more, being more efficient and most importantly, serving our clients better.  Generally we discuss in depth the process of real estate from every angle you can imagine.  This quarter we are focused in on … (1 comments)

spokane housing market: How does Spokane rank within markets in the US.? - 09/21/16 06:44 AM

 
We always read about "the market" in the paper, or see, or hear about it on electronic media.  Most of the time the reference is to the over all average nationwide, but it's interesting to see that it really does vary from place to place depending on where you are.  
 
To see the Most Expensive Markets: Top 10 Most Expensive Markets
To see the Most Affordable Markets: Top 10 Most Affordable Markets
 
These are all ranked based on 4 bedroom 2 bathroom homes.  So, where do Spokane and Spokane Valley Washington fit in the market in terms of ranking? 2016 Coldwell Banker Home Listing Report
 
When we start … (2 comments)

spokane housing market: Spokane Market Snapshot - 09/12/16 08:42 AM
 
What an amazing last few years it has been here in the Spokane area for Real Estate sales.  I remember back in 2010, 2011, 2012 the mantra was "Now is the Time to Buy", and boy was it ever!  Even in 2013 I was able to represent clients in some amazing buys that today has resulted in families having tens of thousands of dollars in equity to use towards refinancing or as a down payment to buy up.  But let's look at what the market is doing now:
 
Fall 2016:  high demand, low supply causes what?

 
Maybe you took Economics back in HS or perhaps in College? … (3 comments)

spokane housing market: Spokane Real Estate Market Report July 2013 - 08/29/13 11:07 AM
From the Spokane Association of Realtors:
Residential sales of single family homes on less than one acre and condos reported for July totaled 614 up 23.5% from June when 497 sales were reported.
Sales are up from July last year by 40.5% when 437 sales were
reported. Prices slipped in July with the average selling price in July at $187,460 while the median price was
$166,000. The average is down 3.9% when compared to the average selling price of $195,094 for last month.
The median selling price for July was down 2.4% compared to last month when the median price was … (0 comments)

spokane housing market: Good News for Home Sellers - 11/18/11 10:21 AM
Housing Picture Expected to Brighten in 2012 Daily Real Estate News | Thursday, November 17, 2011 Better times are ahead for the real estate market in the new year, according to several forecasts and recent surveys.
Fiserv, a financial information services firm, predicts that 95 percent of the 384 metro areas it tracks will see prices rise in 2012.
Many surveys and economists are forecasting a very modest increase for the housing market in the new year, but after several years of dropping prices and rising foreclosures, even the slightest increase would signal a glimmer of hope for the market. In … (1 comments)

spokane housing market: Quarterly Profits at S&P 500 are Strong! Glass really is half full... - 08/11/11 07:05 AM
"Corporate profits remain robust" WSJ 8/5/11, Profits at more than 80% of the S&P 500 are reporting strong quarterly profits and earnings are up by almost 15% verses last year. Now why was this not on the front page? The sky is not falling and the glass is more than half full! 
I posted this on Facebook this morning, because just like the headlines in the paper (and yes fear sells papers) many of my friends appear to be full of doom and gloom based on a handfull of posts I've read, and really who can blame them?  And yet here … (1 comments)

spokane housing market: So Scott, how is the market? - 07/20/11 08:18 AM
I think I get asked this question, or a variation there of, every day at least once.  The problem with coming up with an answer to this question, is that the question itself is very vague.  Certainly, it's an understandable first point of inquiry, but really, "the market" is quite complex.  If the question asker is really wanting to know "how is being an agent in the business?" then they are really asking about the quantity of sales in the market.  If they are approaching the subject from the stand point of a homeowner wishing to, perhaps, sell in order to … (2 comments)

spokane housing market: It's Almost Here! Trader Joe's, Spokane. - 07/20/11 07:41 AM
This morning I was craving a sausage McMuffin and decided to take a different way to work that took me past the construction of the soon to be new Trader Joes location in Spokane on 29th in the Lincoln Hieghts Shopping Center, where there's also a McDonalds.  Just to update the progress on construction:  Trader Joes is still slated to open up this Fall and the new shopping center remodel project is moving along on schedule.
 
For continual updates and more interesting information check out the facebook site:  http://www.facebook.com/pages/Trader-Joes-Spokane/180468480116  Reportedly, there is more than 14,000 people who have friended this … (3 comments)

spokane housing market: Spokane Real Estate Market Report December 2010 - 01/08/11 09:27 AM
Dec. 1 - 31, 2010.  Spokane Association of REALTORS MLS Data:
Average Sold Price:  $179,516.00 Medium Sold Price:$157,750.00 Inventory: 2,593 (less than one acre, built on site, includes condos) Average Market Days: 142 Mean Market Days: 107 Homes Sold: 336 Inventory rate: 8 months.  336 closed residential sales were reported in December. This number is up from the 279 sales reported last month but down slightly from December last year when 347 closed sales were reported. The average sales price in December was $179,516 and the median sales price was $157,750
Year end closed sales totaled 4,249 down 8.9% from 2009 … (1 comments)

spokane housing market: 5 Predictions for 2011 - 12/13/10 04:53 AM
5 Predictions for 2011 Freddie Mac analysts point to five features that they believe will likely characterize the 2011 housing and mortgage markets:1. Low mortgage rates. With Fed observers expecting the central bank to keep the federal funds rate at its current target range of 0 percent to 0.25 percent for most (or all) of 2011, relatively low mortgage rates will be a feature of the 2011 mortgage market. Thirty-year fixed-rate loans are likely to remain below 5 percent throughout the year, and initial rates of 5/1 hybrid adjustable-rate mortgages will likely remain below 4 percent in 2011.2. Prices have hit … (0 comments)

spokane housing market: Spokane Real Estate Market Report Nov. 2010 - 11/30/10 02:43 PM
November 1 - 30,  2010   Spokane Association of Realtors MLS Data:
Average Sold Price for November 2010:  $180,278 Medium Sold Price for November 2010:   $152,000 Inventory (12/1/10):  2951 (all homes built on site at less than 1 acre including condos minus contingents)  Average Market Days: 132   Mean Market Days:  98 November Sold: 279 (down from 474 last year)   Inventory rate of sale: 10.6 months     Year to date sales total 3,913 compared to 4,321 over the same period last year. Sales are down 9.4% through November. The average sales price so far this year is $183,822 compared to $188,179 last year, down 2.3%. The year to date median … (0 comments)

spokane housing market: Book Review: After-Shock, The Next Economy and America's Future, Robert B. Reich - 11/29/10 06:37 PM
Book Review:  After Shock, The Next Economy and America's Future, Robert B. Reich.  2010, Published by:  Alfred A. Knopf, New York, New York.  (This has been in the Wall Street Journal's Top 10 best sellers list for weeks now.)
Read Rating:  Excellent (out of: Good, Great, Excellent)  Pages:  Under 200.  Excellent writing, Easy to follow, Informative, explains points very well, provides solutions, excellent citations of sources...Well worth the money!
Overview:
While many people place blame for the economic meltdown solely at the feet of Wall Street firms and executives, Robert Reich shows in his analysis a more complex and structural reason for the crisis. 
(0 comments)

spokane housing market: Should I Sell it Myself? - 10/07/10 09:25 AM

Did you know?
85% of FSBOs ultimately give up The typical FSBO home sold for $153,000 compared to $211,000 for agent-assisted home sales. Home owners that try to sell their home "by owner" give up and list with an Agent within the first 30 to 45 days FSBOs accounted for 13% of home sales (in 2008) Unless you know a buyer, or are willing spend every weekend for months on end doing open houses (someone I met recently here in Spokane did this and actually was successful at it after months and months on the market, but said he now … (0 comments)

 
Scott May, M.S., CRS., REALTOR Coldwell Banker Bullard Newnan GA (Newnan - Peachtree City and surrounding areas)

Scott May, M.S., CRS.

REALTOR Coldwell Banker Bullard Newnan GA

Newnan, GA

More about me…

Newnan - Peachtree City and surrounding areas

Address: 16 Market Square Rd., Newnan, GA, 30265

Office: (770) 254-0079

Mobile: (509) 863-5362

When you have to move, you want an experienced real estate expert whom you can trust and count on without question. Ask any of my past clients and they'll tell you that's me!


Links

Archives

RSS 2.0 Feed for this blog