August 2022

What Buyers Have to Wrap Their Heads Around

August 29, 2022Continuing the conversation… in the early stages of a shift, the first in more than a decade and one that was arguably long overdue. Since most people have never experienced or can’t remember anything BUT a market driven by multiple-offers and a crazy-fast pace, lots of adjustments are going to have to be made on the fly in the weeks and months to come. We’ll see some buyers running for the hills with fears about buying in a market that’s suddenly going down. We’ll see...

What Sellers Have to Wrap Their Heads Around

August 22, 2022Continuing the conversation… we’re in the early innings of a market shift, one that was arguably long overdue. Since most people either can’t remember or have never experienced anything BUT a market driven by multiple-offers and a crazy-fast pace, it’s going to be a bit of a wild ride over the next few months. Somehow the market will find a way to muddle through and homes will continue to be bought and sold, even if there are fewer overall transactions. Real estate revolves around...

Shift Happens Part 6

August 15, 2022Continuing the conversation.. trying to wrap our heads around a changing market and all the questions coming at us way faster than they’re getting answered. The sorta-good news is that there’s no longer any question about whether a shift is coming or when it might arrive. We can let go of all that anticipatory anxiety and devote ourselves fulltime to the real thing! We’re well past the peak of the lopsided Sellers’ Market that we had such a raging love-hate relationship with for ten years....

Shift Happens Part 5

August 8, 2022Continuing the conversation… We were in the longest-running, highest appreciating market of all time until about four months ago when things suddenly began to shift. It turns out that the market wasn’t bulletproof afterall and rising rates, stock market volatility, a lingering pandemic and continuing concerns about inflation and recession have taken their toll. There’s an entire generation of buyers, sellers, agents out there who have never experienced ANYTHING BUT a wild, multiple-offer marketplace with prices shooting through the roof! Since reasonable perspective is in...

Dax Nollenberger

- Dax Nollenberger

Dax’s Data: How Recessions Impact Real Estate

August 4, 2022The dreaded big R. No, R doesn’t stand for Real Estate, it stands for Recession and as you’ll read below, one doesn’t always impact the other. The big R-word has been thrown around quite frequently of late and it’s got people spooked. Spooked that this real estate market is going to take a turn for the worse. Some buyers have even used the term “crash”. While people are rightfully cautious because of our last significant recession, recency bias is playing a major role in how...

Shift Happens Part 4

August 1, 2022Continuing the conversation… These are the initial stages of a much larger shift happening in the real estate market. After ten straight years of the longest running, highest appreciating, craziest making market anyone has ever seen, noticeable cracks are starting to appear. So what does that mean? And how can buyers/sellers/agents who have been conditioned to think the market would just keep going up forever and that multiple-offers with 30% overbids would continue to be the norm, make sense of it all. As...