We’re hearing a lot about vaccination rates these days, but when it comes to inflation, there’s no such thing as herd immunity. Sure enough, as our economy continues to recover from the COVID shutdown, we’re seeing a spike in the Consumer Price Index (CPI), a leading indicator of inflation, and a sign that rising interest rates may be on the horizon.
As Compass agents, we have access to a cross-country network of more than 22,000 colleagues who can help you find your dream home, wherever it may be. We can also provide you with the best digital platforms to make your buying or selling journey clean, simple, and low-stress.
Did you know about 95% of all real estate searches start online? In order to find potential buyers, you need to hang a sign in the big digital mall that is the Internet. We’ll leverage the Compass brand to get greater exposure for your listing when you sell your home with us.
From Monday to Wednesday evening this week, our friends and neighbors in the Jewish faith celebrated Rosh Hashanah, which marks the start of a new year in the Hebrew calendar. We wish you a happy and prosperous year!
As COVID restrictions have eased up in some states over the past two weeks, the number of homes going into contract has been trending upward in many markets. A few highlights:
There has been a notable uptick in regions that have lifted restrictions.
Inventory levels remain low in many areas where restrictions have not been lifted.
Compass can provide you with real-time data so you can see activity as it’s happening!
Many first-time homebuyers have unrealistic expectations of what “affordable” means for them, especially in Silicon Valley. Unless you have an unlimited budget, it might make sense to start with a smaller home and build equity toward a bigger purchase later. And take advantage of all the government assistance and financing options available.
I’m a big believer in the power of technology. We have the tools to mass-produce prefabricated homes in factories faster and cheaper than building on site. But red tape gets in the way in the form of land use, zoning, and delays with inspections and paperwork. We won’t solve this problem until government works at the speed of business.
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