To get a tightly targeted understanding of homes in the market, we break each locale into quartiles. Each quartile is 25% of the homes listed.  The market seems to have paused around the price plateau we reached a few weeks ago.  The Market Action Index is a good leading indicator for the durability of this trend. QUARTILE PRICES Pricing is on a slightly negative trend lately. Prices in Quartile 4 and 1 have been mixed recently, while the rest of the market is...continue reading...

With all the listings that are either a short sale or bank owned, some property owners who either want or who have to sell have been frustrated.  Alot of it depends on the community...some areas have an over loaded listing inventory of homes owned by seller's who can't make their payments after their loans adjusted, and are now in default.  Some areas now have dozens of bank owned or "REO" listings.   The issue for the average non-short sale listing is the asking...continue reading...

I was reviewing some headlines recently and I wanted to share these facts with you.  Do the headlines I've listed below sound familiar to you as we head into the 2008 Real Estate Market? 1.  "Historically Real Estate downturns in the United States last 27 months". 2.  "The goal of owning a home seems to be getting out of reach for most Americans".  3.  "The golden age of risk free run ups in home prices is gone".  4.  " A home is where the bad investment is".    Ok,...continue reading...