The price of anything in the world is determined by how many people want to buy it and how much of it is available. In real estate, we break it down to known supply. If there’s one to five months’ supply of inventory, then we know it’s a sellers’ market and appreciation is going to take place. That’s the market we’ve been in since June of last year, where the amount of people looking to buy a house was greater than the amount of people that were putting their house on the market. Five to six months; that’s an even market, meaning prices are going to just remain relatively the same, very flat except for inflation, which we don’t have right now. Anything greater than six months, which is in the high end still in some sections, the super‐luxury market in some parts of the country that still have more than six months’ inventory, that means that prices might depreciate, meaning that there aren’t enough buyers out there to buy that particular inventory. RealAstute.com
There are ways to heal yourself and fix your inbox after it becomes an intimidating, guilt-inducing, unknowable mess.
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And just like that, America’s long national nightmare is over. For a few weeks at least.
A fiscal cliff deal was reached in the wee hours of last night (when you’ve got two kids under the age of three, 11 PM constitutes the wee hours of the night), and while the bullet points on the primary tax aspects of the deal have been well covered, here’s a quick summary of the high-profile items.
This coming week’s birthdays; Kevin’s diet disaster; the biggest stories in real estate this week … AND a fitting cocktail!
The Bumpy Night
6 parts vodka
1 part dry vermouth
Shake with ice and strain into a martini glass. Garnish with a cocktail onion. Enjoy!
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