Coldwell Banker Premier Realty

Inventory Update

Inventory levels hit new lows
Posted by John McClelland on July 02, 2012 in  uncategorized
The supply situation continues to go unresolved. New listings are nearly matched by closings and inventory continues to decline. As a result, buyers and their agents are working extremely hard to match properties. For sellers, this could be a good time to list their home, since competition in many neighborhoods is sparce. Further, we are observing firming prices in many areas, but we do not know how long this will be sustained since we need to move past the peak selling season in order to observe if prices are bein... read more

Inventory Continues to Decline, Sale Prices are on the Increase

Recent price pressures have yet to manifest in Case-Shiller Numbers
Posted by John McClelland on May 29, 2012 in  uncategorized
Today Standard & Poor's released the Case-Shiller home price index numbers. Recall that these tabulations end March 2012, a substantial lag. As I write this, there are just over 4,000 single family homes on the market that you can go buy today. That is just over one month of supply and is not being replenished quick enough. Further, when you slice up the inventory to what you might actually be targeting, homebuying this summer became much more challenging. We have a price per-square-foot index for the Las V... read more

Introduction to Mortgages - Fixed vs. Adjustable Rates

Looking to Secure a Home Mortgage? This Blog May Help You Better Understand the Type of Loan that is Best for You.
Posted by Jesse Olive on June 24, 2015 in  uncategorized
Home mortgages yield a multitude of options to select from and choosing the best one is entirely a matter of personal preference and financial standing. Coldwell Banker Premier Realty (CBPR) discussed the subject of mortgage as a matter of personal fit with Wells Fargo’s Home Mortgage specialists. The two main forms of home mortgage are fixed-rate and adjustable-rate.             The two differ in that fixed-rate has precisely what it sounds like- a ... read more

International Housing Bubble

Fears in Many Countries, what does that mean for us?
Posted by John McClelland on June 17, 2014 in  uncategorized
Recently, the IMF warned that an International Housing Bubble was forming. Looking at Price-Rent ratios, some of the highest priced countries relative to rent were Canada, New Zealand, Norway and Belgium. The United States is fairing relatively better, largely since our gains were simply getting back some of the ground lost subsequent to the popping of our housing bubble. Some metros are noteworthy however. San Francisco has been on a tear, with massive increases in prices. While not at its 2006 peak. Accordin... read more

Institutional Buying of SFR

Update on SFR rental
Posted by John McClelland on December 26, 2012 in  uncategorized
We first described the single family rental business as an opportunity back in late 2009, when homes could be acquired at trustee sales with enough velocity to make sense. In our 2011 annual report, we also described how the business could make sense. Since that time, many more buyers have become active in the Las Vegas market, many of which are backed by private equity. Further, these firms are likely to achieve some economies of scale and are taking a mixed approach to the underwriting with a view towards cash fl... read more

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