2017 Market Is Off To The Races


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We took a week off the newsletter for the holidays, but the market didn’t skip a beat and we had a front row seat. We’ll start off answering my questions from the last newsletter, “Have we reached peak insanity?” After that Fremont flip sold in 9 days I’m becoming more concerned, but my worries continue to be tempered by the strength of local economy and number of people buying with all cash or high down payments.

Brief Market Update
We only saw the market take a breather for a couple of days around the New Years day. Otherwise, things were brisk over the holidays. We only saw 10 homes hit the market on Tuesday, but starting yesterday homes started popping up all over the region. I toured 17 places yesterday and had to alter my route twice because new homes popped up that that I wanted to see. What’s interesting about the current inventory pool is that there was only one home that felt like it was a normal “we lived here, now we’re moving” situation. All the rest were either new construction, near-tear downs, or flips.


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