Josh Richardson Real Estate

05/23/2025

That’s how that’s done.

03/21/2025

Stats showing exactly what I am witnessing in the field. Activity is up, and people are itching to make a move. We are still short inventory in both markets though, and it's much more noticeable in Iowa. Overall, I expect this to be a more active year than the previous 2.

11/20/2024

Quick month end review. Nothing sticks out to me too much here, as seasonally, things have started to slow a bit. In the field, I am working with investors and seeing with current interest rates, that it's difficult to profit, even with 20% down. Strategic moves need to be made there to ensure a good purchase.
I'm also involved with an exciting new build where the buyer is pumped to put some new cool innovative features into his design. I'll be sure to share those with everyone when it's completed next Summer.

10/21/2024

The biggest stat to catch my eye is the drastic drop in new construction pricing. Also, take notice of the lack of sales happening YOY. This will help inventory build to give buyers more options. I don't notice it in the field as much in Omaha, but when I am assisting my Iowa clients, the lack of inventory is very evident.

10/04/2024

09/27/2024

Sold properties down 19%-25%, with new properties entering the market slowing a little this week. However, energy is still in the market and some homes are still getting multiple offers. It takes a great agent that understands how to get you leverage in the real estate market, and I'm just that guy. 😉

09/23/2024

Holy inventory spike, Batman!
A note from activity over the weekend on a very nice listing I got sold. I only got half of the activity expected, but did get the did get the results projected. The market is making it's shift to be more balanced quite quickly.

09/13/2024

The stand out for this week, to me anyways, is the lack of new listings. However, I am not surprised to see the amount accepted contracts for the week. I could feel energy coming back into the market, and with the FED rate cut on the horizon, mortgage rates have come down a bit. I believe that brought a little enthusiasm and a bit of a tail wind for buyers to enter the market.

08/30/2024

08/22/2024

Snap shot of weekly activity for SW Iowa, and Omaha. Interesting to see the disparity between the two with the data, because in the field I am witnessing the same. My Iowa people are more active right now than my Omaha folks, and when you compare accepted contract data, it makes sense.

08/20/2024

The biggest take away for me on these two charts is the decline in new construction average sales price. It appears, at least for now, that prices have topped out there. That could be a leading indicator that existing home prices may have also topped out for now, and may follow that trend. However, if that trends does continue, I do not see it lasting long as rates are beginning to fall, and projected to continue that path. As of today, you can actually get a 15year for under 6%, with the a 30yr floating just over 6.5%.