‘When is the housing market going to crash?’
The housing market has been white hot for the past year, thanks to the stay at home and work from anywhere culture of the coronavirus pandemic.
But there is increasing concern among consumers that housing is experiencing a price bubble – and that the bubble may be ready to burst.
Google reported last week that the search question “When is the housing market going to crash?” had spiked 2,450% in the past month. “Why is the market so hot?” searches had doubled in just a week. (more…)
Why Is The Liquor Store Called The Packie?
In North Carolina they call it the ABC store, and in Pennsylvania, it’s the “state store.” Michigan residents make runs to the “party store.” And in Massachusetts, the liquor store is known as the “packie,” short for “package store.”
If you ever asked where our slang term came from, you were probably told it’s because the Boston Brahmins wanted drinking to be discreet. So, the story goes, they used their clout to get laws passed requiring liquor to be packaged discreetly in nondescript, brown paper after it was sold.
Hence, the package store.
But food historian Robert F. Moss says that origin story came from the historical research method he calls “just making stuff up.” That story, after all, doesn’t explain why the term is also used in South Carolina, where the Brahmins had no influence over lawmakers. (more…)
Open Houses Sunday April 11
A lot more Open Houses are scheduled for today than were in yesterday’s list:
Click on these links for details: (more…)
Open Houses weekend April 10/11
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 many of the Sunday Open Houses don’t show up on Saturday.)
Click on these links for details: (more…)
New Listings after Easter
A modest increase in New Listings this week:
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…)
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…)
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