Enjoy a replay of the Coffee & Real Estate Live Chat for December 2021
What did we discuss this month?
The Latest Market Numbers
As we do every month, we discussed and compared this months real estate numbers to previous months and to the same time last year. This helps us get a better perspective on where we are and where the market might be going. We identify trends and look for explanations that might help all of us make better real estate decisions in our own lives. This month, we saw that inventory is as tight as it has ever been. In Morgan Hill, we sold as many homes as were listed in the month. Join us next month for the real estate live chat to cover the latest stats and any questions you might have.
This months show was on Sunday instead of Saturday!
What can I say? My sons graduation from college was higher priority this month! So we had our real estate live chat on Sunday instead!
What was this months coffee of choice?
Starbucks Venti Mocha. Sorry, not designer beans this month!
Would you prefer to see less talk about stats and more talk about news items during our real estate live chat?
Some folks provided feedback that they get more from the news items we cover in our monthly discussions. One way we could do this is to focus on just what I think is the most relevant statistics and spend more time on stories. Then, I would create a post on my site where are the nitty gritty stats are included for folks that want to do a deeper dive.
A quick rundown of all the homes that sold in Morgan Hill for the month of November.
Given how tight the inventory is right now, I took a few extra minutes to cover the current status of all homes that were listed in Morgan Hill. It is a very clear indicator of how quickly homes are selling and of how low the inventory currently is.
Where to go to schedule a consultation with me
The new consultation scheduling tool has been working great and making it very easy for folks to reach out and set up times for a quick discussion about their real estate needs. If you would like to schedule a consultation, just click here to select the best day and time for us to discuss how I can help you!
Crime data being removed from Realtor.com and Redfin
Does it make sense to not share crime data with home buyers? In todays real estate live chat, we discuss the recent move by two large providers of real estate listings to no longer provide that information. Plus, now that you cannot see this data on these sites, where should you be looking if you are a buyer that is concerned about crime rates.
November housing starts at highest levels since 1973
A ton of news outlets are celebrating a statistic relating to our national market having reached the highest number of housing starts since 1973. Well, we take a closer look to determine if it is really worth getting excited about. Or, is it another depressing statistic that should leave us less enthusiastic?
Some interesting recent headlines relating to appraisal bias. Interestingly, very critical details are left out of these stories. As the stories are shared, you cannot conclude what the stories do – that bias is involved. We discuss that and what information we would need to come to a reasonable conclusion.
Record Number Of Housing Units Under Construction
The highest number of housing units since 1974 are currently under construction. We take a deeper look at this stat to realize that this is actually bad news.
I don’t like them, we chat about why. Are there cases where they might be appropriate? Sure, never exclude a tool that might prove useful, but these kinds of clauses seldom actually work to the buyers advantage.
Of course, when live viewers ask questions, we explore them and try to come to some thought out conclusions that everyone can benefit from! Make sure to join me on the third Saturday of each month at 10AM for Coffee & Real Estate Live!
Check Out The Last Show!
An interesting article came out recently discussing cities where home prices for homes are actually down! At least, that is what the headline REALLY wanted you to believe. Well, when we dig a little more we see they are talking about asking prices, not sales prices. But is that the end of the story? No, not really. It ends up that an entirely different story is told about home prices when we look more closely at the market data. Come along for this ride as we do a little debunking and critical thinking!