Jun 18, 2020
What effects about re-opening can we tease from the local data? A look at preliminary MLS data for May showed a 19.7% decline YoY in units for sale (935 vs. 1164), and a 27.8% YoY decrease in May sales (397 vs. 550). However! Homes placed under contract in May 2020...
May 10, 2020
Very strange times. Anecdotal evidence is that, despite very low rates, mortgage applications for purchases or refis are contracting a bit in light of underwriting scrutiny of borrower income. Recent paychecks are a must. MLS date through the end of March showed an...
Apr 14, 2020
We know this quarantine is tough. We are open and servicing our customers to the best of our ability, consistent with efforts to keep our staff safe. We have instituted several steps in this regard and encourage you to refer to this statement. Our Mover’s Moving...
Mar 27, 2020
Since February 2020 now feels like years ago and miles away, I will keep it short. First, the Secretary of the Treasury gave guidance that title companies are part of the Essential Critical Infrastructure Workers category. As such, we are trying to protect our staff...
Feb 17, 2020
Early year predictions: We will continue to experience an existing home inventory constriction through 2020. We will experience an upsurge in subdivision plats in advance of the City’s adoption of an Impact Fee system. We will see moderate residential refinance...
Jan 22, 2020
What do we know about the general trend of housing to close out 2019? In a tweet thread Nobel-laureate economist and NYT commentator Paul Krugman takes on an argument that housing price gains relates primarily to low mortgage rates. He points out a basic economic...
