Grounded Real Estate

06/21/2023

Wondering why there is no real estate inventory? This economics blog I subscribe to summarizes it beautifully.

Mortgage Moves
91.8% of U.S. homeowners with a mortgage have an interest rate below 6%. That’s down from a record high of 92.9% in 22Q2. The tiny decline over the course of a year shows how “rate lock” has frozen existing homeowners in their tracks, and why existing inventory is so limited. In fact, 82.4% of mortgagees have a sub-5% rate, 62% have a sub-4% rate and 23.5% have a sub 3%-rate.


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Elliot F. Eisenberg, Ph.D.
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ECON70.com – The home of Dr. Elliot Eisenberg and GraphsandLaughs! The Bowtie Economist Elliot Eisenberg, PhD. is an internationally acclaimed economist and public speaker specializing in making the arcana and minutia of economics fun, relevant and educational. Read More Search Search for: Present...

04/25/2022

Lastly, RMLS lockbox activity, statewide. Declining traffic in showing listings, but still on par for the year.

Remember, real estate markets are local. Back when the Crash happened, we saw a softening, but nothing like other parts of the country. The team at Grounded is always glad to share local conditions with you.

This chart shows the number of times RMLS subscribers opened SentriLock lockboxes in Oregon between April 11, 2022 and April 17, 2022. It also includes a graph that shows weekly totals over the last 12 months.

04/25/2022

And here is a snapshot from the WVMLS Market Stats

04/25/2022

Curious about nationwide market stats? This is what is happening.
Low inventory, high prices, and rising interest rates are knocking out first-time buyers. Market generally softening, but still pretty high. Housing starts hurt by high lumber and material prices.
That all said, local market is still pretty solid. I'm always glad to do a market evaluation for your property. Myself, and every realtor I know, still has buyers.

The share of adults planning a home purchase within a year fell for a third straight quarter in the first three months of 2022, down to 13%. The last time fewer American adults intended to buy a home was in the second quarter of 2020 (11%). The decline is evidence that the COVID-induced boost to.......

04/06/2022

It's almost time for Historic Preservation Month again!

If you missed out on this game last year, you can run Season 1 starting April 23, before Season 2 starts (but you don't have to, you can just jump into Season 2).

It's free, and can be played virtually or in person, so share with everyone, even people who don't live in the community! Fun for all ages.

I'll also post the other many great events happening in Benton County as we celebrate the wonderful places that have anchored the community during National Historic Preservation Month.

Home Sign up Below to Join the Hunt for Spectres of Benton County Past Welcome to the 2022 Re-Launch of the 1st Season of Spectres! And Look for SEASON TWO coming your way May 7th! 😀 CLICK HERE to sign up for updates and to get in on the adventure! Share the Fun! Share on facebook Share on twitte...