Dana Graham

Archive for July, 2015

Stale Listings

My clients lately have gotten my "Stale Listing" speech, which goes like this:  the market has been going bananas for about 18 months.  Whenever this happens, the idea seems to settle in that a seller can pretty much name his price and buyers will beat a path to his door.  There is no shortage of current examples.  If this isn't a sure sign that the market is about to slow down, it certainly contributes to it.  Buyers look at the "comps"...Continue Reading!

July 2015 Newsletter

Dear Neighbor: The real estate market is showing some signs of cooling as I write this.  Normally the first sign is that listings begin to sit on the market longer than before, often because sellers, thinking the market is so hot they can name their price, do so and things begin to slow down.  Interest rates have begun to creep up (now over 4% -- I can hear the snickers – “4%?  That’s usury.  Throw the bums in jail!”), which normally...Continue Reading!