This graph shows the key variables and difference between "then and now". Many things are different.... Employment is strong, the "fog a mirror, get a loan" mentality of 2005 is long gone so there arent a lot of foreclosures now or coming, new construction has not come close to keeping up with demand and is well below 15 years ago, inventory is down as many sellers don't want to give up their 3% mortgage, and over 58% of Americans have more than 50% equity in their homes. So if they get into trouble, they will sell and keep that equity rather than a short sale or foreclosure.

David Stevens, former assistant secretary of housing says it best.... "So be advised…this may be the one and only window for the next few years to get into a buyer's market. And remember…as the Federal Reserve data shows…home prices only go up and always recover from recessions no matter how mild or severe. Long term homeowners should view this market…right now…as a unique buying opportunity"

We've updated our buyer and seller guides for winter, 2023. Please check these out by downloading them at the links below and please share with a friend! Each guide is packed with 24 pages of information and charts talking about the market and how it affects buying a home, or selling a home specifically. I think you will find these comprehensive guides of significant value.

Download BUYERS guide here.

Download SELLERS guide here.

Last week I was honored to be asked to return for an updated interview on how we run our business. I did the original interview back in 2005 and I was there with several other Realtors all doing the same thing. This was for www.starpower.com which is a group of high producing, long term Realtors from around the nation who all share their ideas with each other to help each others businesses grow. I've been a part of this group for a long time, and we share our thoughts with other Realtors across the nation at a national convention I will be attending this summer. It feels good to give back!

As you know from the "Search Palm Springs Homes" links below, I spend part of my time in the Palm Springs area helping our Portland area buyers find second homes or rentals in the desert. I've done this part time for 10 years now. As a licensed pilot since 1978 I decided to train to become a docent at the Palm Springs Air Museum, one of the top air museums in the world and one of the very few where you can actually take rides in many of the planes. I do this only a day or two a month and love it. I was brought up post WW2 to a Jewish family who lost a lot of family and possessions in WW2, and I have always had a fascination with aircraft and WW2 so I specialize in the European theater building. (Picture taken in front of the British Spitfire). If you are every in the area, let me know and I would love to show you around if you are down there.