Jessica Reidel from CTBB Realty joins the show as we take charity, having cool brokers with a people first policy, dog rescues and the fact that inventory is still pretty low, especially for single people! The market is still hot, not as hot as it's been, but you can still get burned without the right real estate agent.
Show Notes
Closing time
Homebuyer Bidding War Rate Drops to 2021 Low in September
59% of home offers faced competition in September, the lowest level in nine months, amid a seasonal housing-market slowdown and an uptick in mortgage rates. That’s down from a revised rate of 60.8% in August and a peak of 74.3% in April. September marked the fifth-straight month of declines, putting the bidding-war rate on par with the level seen a year earlier (58.3%).
Home Prices Rose Twice as Fast in Car-Dependent Neighborhoods as Transit-Accessible Areas During the Pandemic
Home prices in car-dependent areas are up 33% since before the pandemic versus 16% for transit-accessible neighborhoods, reflecting the rise in remote work and the declining importance of proximity to public transportation.
It’s like a suburb tax..
Single Buyers Face Hurdles as Starter Homes Dwindle
The number of one-person households has doubled over the last four decades, but supply of entry-level housing is near a 50-year low.
Australian town is inundated with inquiries after offering free land to new residents
Quilpie, a town of 800 people, has received more than 250 inquiries for its housing program
The Quilpie Shire Council is offering a grant equivalent to $9,400 to anyone who buys land, builds a house there for less than $560,000 and lives in it for at least six months. Quarter-acre blocks of land sell for about $9,400, so the land is effectively free, although only Australias or permanent residents are eligible.
What is Closing Time Podcast?
Joe Aguiar does a weekly podcast called Closing Time, a Clovercrest Media Group Presentation. This podcast is meant to keep his clients and fellow REALTORS® up to date on all the latest news and trends, and bring experts from all areas of real estate to come on and impart some knowledge. We'll share some laughs over real estate and other stories.