Found 2 blog entries tagged as real estate trends 2024.

A record number of real estate contracts were canceled in July.

This year we had 2 contracts terminated, but in both cases, the buyers came back around and we put the deal together. I suppose that was like getting divorced, finding out you can’t do any better, and then getting re-married to your ex.

I’m going to consider us undefeated this year. Don’t jinx us!

Why are so many contracts being canceled? There are several reasons…

1. Buyers are taking in more and more information and getting advice from their family and friends.

  • I heard a story from a home seller that their home was under contract. Then the buyers’ parents came to visit and told the buyers they shouldn’t buy the home. The buyers cancelled the contract.
  • Given all the…

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By Eric Peterson

Since real estate is really a 10 month a year business, we are halfway through the year and I thought it would be good to give you a quick update. 

As I write this, we have 7 homes listed for sale that are under contract. I’m optimistic, but things are not easy. More than ever when someone asks me “How’s the market?” My answer is DOTS…Depends On The Situation. 

There are some neighborhoods and homes that are selling quickly while others don’t seem to have much activity at all. 

There are also two types of buyers in the market right now. Buyers who want to buy and can buy and buyers who want to buy but can’t buy. This is why we are still seeing large turnouts at our open houses and a high number of online views for our…

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