by Stig Bergquist | Jun 9, 2025 | Advice for Buyers and Sellers
In real estate, the absorption rate measures how quickly homes are selling in a particular market over a set period of time. It’s a useful way to understand how active or competitive the market is. How it’s calculated: You take the number of homes sold during a...
by Stig Bergquist | Apr 15, 2025 | Advice for Buyers and Sellers, Buyers & Sellers, Cleaning, Home Care, Millennials, Planting, Remodelling, Spring, St. Patrick's Day, Tax Deduction, Taxes
In the digital age, virtual tours have revolutionized the real estate industry, offering a powerful tool for agents to assist both home buyers and sellers. By leveraging virtual tours, agents can enhance the buying and selling experience, making it more efficient,...
by Stig Bergquist | Mar 12, 2024 | Advice for Buyers and Sellers, Housing Market Updates
Inventory Growth and Active Listings The number of homes actively for sale in February increased by 14.8% compared to the previous year, marking the fourth consecutive month of growth. The total number of unsold homes, including those under contract, also rose...
by Stig Bergquist | Dec 12, 2023 | Advice for Buyers and Sellers, Housing Market Updates, Market Updates, Real Estate Market
Equity Will Grow Many experts expect home prices to continue to increase in 2024, but not by much. Freddie Mac thinks that 0.8% will be the growth rate, and the National Association of Realtors has pegged the number at 2.6%. Remember that these are only predictions....
by Stig Bergquist | May 17, 2023 | Advice for Buyers and Sellers, Budget Statistics, Housing Market Updates, Interest Rates, Market Updates
The current higher interest rate environment in the United States is having an impact on the housing market. Due to the Federal Reserve’s monetary policy changes implemented in March 2022 to curb inflation, interest rates have increased, which has led to higher...
by Stig Bergquist | May 17, 2023 | Advice for Buyers and Sellers, Housing Market Updates, Market Trends
The stability of the real estate industry, particularly in terms of lending, has been called into question following the recent failures of Silicon Valley Bank, Silvergate, and Signature Bank. While individual bank failures may not cause a widespread crash, they can...
