Friday, September 3, 2021 / by Barbara Oleska
Everyone asks me, "how's the market?" Real estate is fascinating and we have never experienced a more unusual market! In this email I will share national information and local market information where applicable. Please call me if you have any questions or love graphs and I'll send them!
There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning.
Here’s the definition of normal from the Merriam-Webster Dictionary:
“conforming to a type, standard, or regular pattern: characterized by that which is considered usual, typical, or routine.”
Using this definition, here are five housing industry metrics that prove we’re nowhere near normal.
1. Mortgag ...
Wednesday, September 1, 2021 / by Barbara Oleska
If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers, 75 percent, say it’s a good time to sell a house.
Why is sellers sentiment up year-over-year?
The higher good time to sell sentiment has to do with today’s market conditions, specifically low housing supply and high buyer demand. In the simplest terms, we don’t have enough houses available for sale to meet buyer demand.
According to the latest data from the National Association of Realtors (NAR), we’re still firmly in a sellers’ market because housing supply is well below a balanced norm (shown in ...
Tuesday, August 3, 2021 / by Barbara Oleska
Did you know 1 out of 5 children live below poverty in Palm Beach County? THAT’S 40,000 KIDS who are going to go back to school in two weeks and they don’t have pencils, pens, paper, backpacks and glue sticks and all the things that every other kid does.
You can text BACKPACKSPBC to 41444. This is their mobile cause platform and you can make a donation to support the children who are in need of school supplies.
Why is 3rd grade reading so important? The state of Texas determines how many prisons they’re going to build based on 3rd grade reading scores. In 2009, Northeastern University did a study and a child reading below grade level at 3rd grade, is 4x more likely to drop out of school. If they’re in poverty, it’s 6x. A child who drops out of school is 69x more likely to be incarcerated than a child who finishes.
In 2015-2016, the Education Foundation of Palm Beach launched Red Apple ...