How’s the market? Summary: Expect some new properties on the market in the Spring (April to June), but not an abundance of listings. Pricing is softening in certain sectors, especially where STR restrictions are in place, but prices are by no means slashed. Dollar...
Well, as we were all aware, the Summit County Board of County Commissioners passed their Short Term Rental restriction ordinances on February 15, 2023. After about 5 hours of comment, with the overwhelming majority of it being against their regulations, they passed it...
There are some major changes in underwriting for Freddie Mac and Fannie Mae that are already starting to create dramatically higher interest rates for some buyers. Before you commit to an 8% interest rate, read this! There are other options. Most residential loans in...
Real estate trends are not always obvious. Those of us who work in the field each day notice the anecdotal evidence of trends long before they show up on a larger scale statistical analysis. Having worked in Summit County for almost 20 years, there are some canaries...
The Summit County Board of County Commissioners will be doing their final reading of their STR ordinance on February 15, 2023. There is information in this article on how you can provide comments or participate on that day. Background and Updates The Summit County...
The year 2022 was an unusual one for market conditions. It started off like a fighter jet and quickly switched to a horse and buggy. Or maybe even a turtle, climbing uphill, in the winter. The second half of the year brought annual statistics down 25% in dollar volume...
