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December 2022 Hi Desert Real Estate Market Update
Merry Christmas Real Estate Fans, For me it’s the Christmas season. For those of you that celebrate a different holiday this time of year…Happy Holidays! You can hardly open the internet without seeing a variety of housing news. It does not matter if you look at the national picture, state picture, or the local market, the news varies with talking heads taking a variety of positions. I subscribe to the group that believes much of this will pass in the next six months. If our government allows it Time will tell but I believe many buyers don’t know what to believe so they are standing on the sidelines. No one…
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November 2022 Hi Desert Real Estate Market Update
Warm Greetings from a Cold Desert, Sorry, this may be a bit longer than you are accustomed to. Our temperatures have cooled in our real estate market. Let’s be clear, it’s not blizzard, stay inside conditions in the market. Depending on your view we are either in a Fall or Spring real estate market in our local communities. Sales have cooled from our hot, post Covid market. Inventory is way, way up. At this writing we have around 650 active listings in our communities. We still closed escrow on over 90 properties last month. Prior to 2019, this would have been considered a great month for sales. The Fed’s raised…
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October 2022 Hi Desert Real Estate Market Update
Happy Fall Real Estate Fans! Our temperatures are cooling. Many of us are in the mood to get outside and enjoy a beautiful fall in our spectacular desert communities. Our market has changed a couple of time over the last writing as we try to navigate this confusing real estate market. My comments may be a bit longer than I usually write. I believed and told you that I thought we would see some rebound in our market by now. I was not prepared for interest rates to jump from mid-5% range to the high 6% range in just about a weeks’ time. This has cooled our market even more…