The market continues to be VERY strong in most areas. You can see in the chart to the left two weeks ago we had 730 new listings enter the market and last week only 586 for a drop of nearly 20%. However, at the same time during this "short week" we had 755 sales, or up 3.42% further increasing our lack of available homes.

As you can see in the chart on the left, provided by one of our favorite lenders, Mark Eastburn with Canopy Mortgage for the first time 2.5% interest rates on 30 year loans are within in reach for most people. In fact as of this morning, 2.75% rates actually had a credit rather than points paid. In my 32 years as a top selling Realtor I have never seen rates this low.

According to the US Census, home ownership in 2020 is expected to rebound back to 65.3%, largely fueled by new buying power for home buyers as a result of the lower interest rates mentioned above. Dating back to the Clinton administration there was a push to get close to 70% of Americans to own their home, but the recession changed that. It's good to see the rate now increasing again.

My home of the week is a spectacular "gourmet cooks delight" of a condo in coveted Bridgeport Condos in the Pearl. This condo recently had over $50,000 in upgrades and is a one bedroom with a den unit in the heart of the Pearl district close to shopping, restaurants and more! Click on the picture to see a 360 degree tour!