The ColdWELL Blog

The leaves may be falling, but the market isn't!

October results for our Market
Posted by Ron Hunter on November 03, 2019 in  Market Activity
The leaves are falling fast in and around The Hammer, but the real estate market isn't! Our market area experienced a 6.4% increase in unit sales October 2019 compared to October 2018. Year to date, the market is up 10% in unit sales and 4.6% increase in Average Sale Price. Government intervention into the real estate market seems to have had the desired effects: moderate price gains and reasonable growth in sales. We believe the marketplace will continue to show good growth and strength into 2020, and as usual, it... read more

Have we worked our way through the Stress Test yet?

September results for our Market
Posted by Ron Hunter on October 27, 2019 in  Market Activity
How's that Stress Test working out for everyone? As we recall, the Feds brought in the Stress Test last January 1, 2018. It certainly had the desired effect; markets slowed throughout 2018 and early into 2019.Then guess what? We began to see rises in the number of home sales into the spring and summer of this year. The fall seems to be following that upward trend as well, albeit at a much slower pace than in recent years.And that is good thing; anytime we have reasonable growth rates, we have a better chance at sus... read more


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