Spring Housing Market Stifled By Herd Behavior

A healthy housing market, balanced between buyers and sellers, is considered to be one with about 6 months of inventory. Today, there is just a 4.6 month supply, but at the same time, many homes on the market aren’t moving — they’re going stale (where “stale” is considered anything that’s been on the market longer than a month). According to CNBC  two things are driving this, both artifacts of the housing bubble and bust. First, everyone is more data driven, and data is more widely available. Second, the housing market is now seeing the kind of herd mentality we’re used to seeing in the stock market. Are you missing an opportunity, on either side of the buy–sell equation, because you’re caught up following the herd?

Let Your Watch Find Your Next Home

The Apple Watch has been all the news the last few weeks, and it’s unsurprising, given that smart watch sales are expected to grow from 4.6 million units last year to 28.1 million units this year. What does that have to do with real estate, you ask? Yesterday, Trulia announced they now have a version of their app for the Apple Watch, which extends the functionality of their iPhone app. If the Apple Watch is anywhere near as successful as one would predict, then this trend will only continue, with other real estate location services creating apps both for the Apple Watch and other, Android-based smart watches.

Did Your Home Come with A Maintenance Checklist?

Of course, the title is kind of a joke — it would be more than a little surprising if it had. But wouldn’t it be nice if it had? “A stitch in time saves nine” is a proverb that homeowners would do well to heed, because those proverbial stitches can become quite costly when we’re talking about home maintenance. If you want to keep your home functioning its best, and keep your long-term maintenance costs to a minimum, then a comprehensive maintenance checklist could be quite handy. Thankfully, Amanda Ballin has distilled out just such a list for those items you should consider every spring. And if you want the year long list, she provides a handy link to the comprehensive HUD recommendations.