The market is heating up with the weather! We are moving into a full blown spring market both from an activity and inventory standpoint. I wrote 3 separate contracts over the Easter week-end so there appears to be no respite. The “Elephant in the room” is always inventory levels and while we have [...]
We just had a gathering of 14 members of our Platinum Club and our consensus advice to sellers: “Hurry up and put it on the market!” Inventory region wide is barely keeping it’s head above 4,000 units which is down 19% from last year. Interest rates jumped up but have leveled off prompting [...]
Changes are in the wind…..and it is GOOD! Let’s lead off with my favorite piece of recent news. The Consumer Confidence reports from 2 weeks ago came out at they are at a 9 YEAR HIGH! Check out this Bloomberg article for more on that. This is the umbrella under which our moving real [...]
I almost cut and pasted last months post! If you look back to the August report our market is in much of the same state. One thing we all agreed on is that things will definitely change one way or the other in a couple of weeks after the election. There are two factors behind that. [...]
It's time to put on your flannel shirt, pull on your gloves and spend a few hours getting your home as ready for the winter as you are for the fall football season! Do some of these simple tasks and then sit down with satisfaction to enjoy the game!
The consensus of our Club: “The Fall Will be GOOD!” Reading the tea leaves this month has been really interesting. There are some contrarian indicators but the sum of all of our individual businesses has us feeling conditionally bullish for the Fall. Here is what we are seeing. On the positive side the [...]
Inventory is still driving this market! Last months news of increasing inventory has retreated somewhat. While we did hit a new high this week in inventory levels in terms of raw numbers (7,889) that is still a far cry from the 8,900 homes we had on the market the same week last year. Additionally [...]
Inventory finally breaks loose! Through the first three months of the year we were lagging behind 2015 from an inventory standpoint, and last year was already a tight year for houses being marketed in the Northern Virginia region (inside the Beltway, Fairfax, Loudoun, Prince William and Fauquier counties). Inventory levels from the last [...]
It’s the time of year at Platinum Club where we start to look back at the past year and start projecting for the following year. The 10,000 ft view is that 2015 will go down as a very strong year from a sales perspective and that 2016 looks to be a good year. [...]
Welcome to the inaugural Platinum Club Post!! What is that you ask? For several years now we at RE/MAX Gateway have, on a monthly basis, gathered the top 10-15 brokers from our company and, to provide a unique and valuable perspective, several elite brokers from some of our competitors to discuss at very high [...]