Welcome to July and the Morgan Hill Real Estate Market 7 Day Snapshot! As we do every Friday, we take a look at a 7 day snapshot of what is going on with real estate in Morgan Hill. List price decreases are continuing to dominate the market, along with inventory increases outpacing sold homes.
This week, we are going to gaze into the crystal ball. Several things are going on right now – including the growing use of the adjustable rate mortgage – that I believe set the stage for a potentially market killing outcome. Follow along with me in todays show and see if you agree. If I am right, we could be heading into some very tough times over the next few years.
Another week in Morgan Hill has come and gone and we have a new 7 day Morgan Hill real estate market snapshot for you! Listings took another jump this week. You will also find that listings are up in the bigger picture as well! In fact, year over year, listings were up 9.3% and total homes on the market was up 20.3%!
In just a few weeks, we have seen real estate inventory jump from an 11% increase to an 18% increase! As we face other challenges from increased interest rates, inflation and recession – we may see a unique opportunity for buyers and investors – and a signal to home owners to review their situation.
Today, Michael Hellickson, Founder and CEO of ClubWealth joins us to chat about the real estate market and how to prepare for what is coming or to just be ready to kick off your first real estate investment!
Welcome to June 2022 and our Morgan Hill real estate market report for June 6, 2022. This report looks back over the last 30 days to get some perspective on the key pieces of real estate information for our market.
Home inventory is up across the United States. However, our local market has seen an even more dramatic increase in inventory! But that is not all, our most recent home sales price information is also eye opening! Don’t miss this podcast where we discuss all this in more detail.
A short supply of homes for sale and mortgages experiencing rising rates are defining real estate in 2022. As we try to combat inflation and recession at the same time, we can expect this to impact our national and local real estate markets.