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Feast your eyes on these statistics for Thanksgiving!!! Nabor Stats November 2015

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Feast your eyes on these statistics for Thanksgiving!!!   Nabor Stats November 2015  Single family home inventory is rising…so it’s probably a good a time as any if  you are considering selling. Condo inventory is still lower so expect to see prices continue to rise at a higher pace than single family homes. The huge year over year price increases across the board are probably a thing of the past, but that doesn’t mean you are missing the boat by purchasing now. Supply constraint product like waterfront and oceanfront properties will more than likely continue their upward trend. Overall the market is healthy. I hear a lot of watercooler talk about a bubble…I don’t think so. The difference between now and then (2006-2008) is that people are paying for their homes with cash (50%-70% depending on specific markets), credit is vastly tighter, and people are actually keeping their homes instead of “flipping” as was the case in the Bubble Days. Builders are not competing with end users as was the case during the Bubble…Prices go down when inventory is higher than demand…and that is not what is happening in the market as a whole. So buy and sell with confidence as we head into a prosperous 2016. Happy Thanksgiving!!!!

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