A handful of Open Houses on Easter Sunday
Just a few Open Houses on Easter Sunday:
Read these articles:
Buyers are overpaying, but are there signs of a bubble?
“Party on, dude” says the Federal Reserve
Goodbye sub 3% mortgages
It’s 80 degrees in Florida….
How Marblehead’s 2021 Property Tax Rate is Calculated
Essex County 2021 Property Tax Rates: Town by Town guide (more…)
Pink bathroom – really?
Pink bathrooms became fashionable in the 1950s because pink was Mamie Eisenhower’s favorite color. At one time it was estimated that there were 5 million pink bathrooms in this country, but they faded almost as fast as they arrived. Pink was swapped for woods and neutrals in the ’60s and the retro oranges and greens of the ’70s. The world simply fell out of love with pink.
Today, there is a resurging interest in the pink bathroom—thanks to the revival of mid-century design and millennials’ love affair with all things retro. An intact pink bathroom is now more of an intriguing design challenge than a renovation project, plus it’s a fun selling point for homeowners and renters alike.
Maybe, but a pink bathroom is not something I would choose.
It was a surprise therefore when, earlier this week, I went into my bathroom and to be confronted with this:
But shortly thereafter that wall looked like this:
The culprit? A red towel reflecting the morning sun.
Phew.
Andrew Oliver
Sales Associate | Market Analyst | DomainRealty.com
REALTOR®
Naples, Bonita Springs and Fort Myers
Andrew.Oliver@DomainRealtySales.com
m. 617.834.8205
www.AndrewOliverRealtor.com
www.OliverReportsFL.com
Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
www.OliverReportsMA.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
New Listings week ending April 2
The number of New Listings remains small:
Click on these links for details: (more…)
Open Houses weekend of April 3/4
Here are the today’s Open Houses. There are none currently scheduled for Easter Sunday. If that changes this list will be updated tomorrow morning. Be aware that with such low inventory, many new listings receive offers before the weekend Open Houses.
Click on these links for details: (more…)
New Listings mid-week March 31
The number of new listings is still low:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings
These tables show that inventory is greatly reduced from a year ago, when levels were already low: (more…)
Bing Crosby’s Onetime Bay Area Home For Sale for $13.75 Million
In the San Francisco Bay Area, the onetime home of Bing Crosby is listing for $13.75 million.
The late crooner bought the Tudor-style home in Hillsborough, a tree-lined suburb about 20 miles south of San Francisco, in 1963 for $175,000, according to press reports from the time, moving with his then-wife Kathryn Crosby and their three young children from Beverly Hills.
Open Houses on Palm Sunday
A lot more Open Houses are scheduled for today than were in yesterday’s list:
Click on these links for details: (more…)
Naples market on fire in February
The February 2021 Market Report, released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), marks the last month of comparative activity before the pandemic shuttered the global economy in March 2020. That said, overall closed sales of existing homes in Naples for February increased 62 percent to 1,307 closed sales from 807 closed sales in February 2020.
Buyers are scooping up the available inventory of homes in all geographic locations within Naples almost as fast as they come onto the market. Inventory fell 68.8 percent in February to 2,224 homes from 7,127 homes in February 2020.
Single-family homes continue to be in high demand so, according to the report, many buyers pivoted to condominiums in February. As a result, the condominium market experienced a 75.7 percent increase in closed sales and a 66.6 percent decrease in inventory. In fact, condominium sales in February 2021 eclipsed its comparable sales in any month over the past 15 years.
The February report revealed that the Naples area now has only a 2-months supply of homes available to buyers
Source: NABOR®
The following charts give a visual summary of market activity: (more…)
New Listings week ending March 26
A modest increase in New Listings this week:
Click on these links for details: (more…)
Open Houses weekend of Passover/ Palm Sunday
Here are the weekend’s Open Houses. Be aware that with such low inventory, many new listings receive offers before the weekend Open Houses.
This list will be updated on Sunday morning (because of the quirks of MLS some of the Sunday Open Houses don’t show up on Saturday.)
Click on these links for details: (more…)
New Listings mid-week March 24
Still a small number of new listings:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings
These tables show that inventory is greatly reduced from a year ago, when levels were already low: (more…)
The U.S. Now Has More Realtors than Home Listings
The number of real estate agents working in the U.S. housing market has surpassed the number of homes for sale. This phenomenon reflects both the extremely tight supply of homes on the market, and how surging prices persuaded tens of thousands more Americans to try their hand at selling real estate.
The National Association of Realtors®’ (NAR) membership count has exceeded the number of homes on the market only once before, in December 2019, when the number of agents dipped slightly but the inventory of homes for sale declined even more. It happened again last October and has held ever since. (more…)
“Party on, dude” says the Federal Reserve
Former Federal Reserve Chair William McChesney Martin, Jr famously said: “The Federal Reserve…is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.”
This week, current Fed Chair Jerome Powell in effect said “party on, dude.” As the New York Times commented: “The official view of the central bank’s leaders now is that it has been an overly stingy host, taking away the punch bowl so quickly that parties were dreary, disappointing affairs.
The job now is to persuade the world that it really will leave the punch bowl out long enough, and spiked adequately — that it will be a party worth attending. They insist punch bowl removal will be based on actual realized inebriation of the guests, not on forecasts of potential future problematic levels of drunkenness.”
Chairman Powell’s comments
“We will continue to provide the economy the support that it needs for as long as it takes.”
“We’re not going to act pre-emptively based on forecasts for the most part, and we’re going to wait to see actual data. And I think it will take people time to adjust to that, and the only way we can really build the credibility of that is by doing it.”
“People start businesses, they reopen restaurants, the airlines will be flying again — all of those things will happen, and it will turn out to be a one-time bulge in prices, but it won’t change inflation going forward.”
Interest rates and inflation
The big questions overhanging financial markets are what will happen to inflation and to interest rates. (more…)
Open Houses Sunday March 21
As usual, a few more Open Houses than were in yesterday’s list:
Click on these links for details: (more…)
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