Lifestyle Homes by Sarah Lossing - Platinum Living Realty

11/09/2022

🎄 Always a fun holiday event! You’ll find me with my Christmas sweater 🎅 and Santa Hat on! Who wants to Cheer in the holidays with this girl 👈?

09/22/2022

Many of you know I'm a big fan of the Cromford Report and have been following their market reports for several years: When looking at our current market its important to put things in historical perspective. The following report from Cromford this week is a perfect example!:

In the chart we can see that the first indications of weakness in the market in 2022 came in April. The period from May through July shows rapid deterioration because active listings were growing very fast while the annual sales rate was falling. The deterioration slowed in August when active listings grew much more slowly, but the annual sales rate continued to drop.

We are now seeing signs that the situation is deteriorating again because the days of inventory has started to move higher at an increasing rate over the past 2 weeks. This is because higher interest rates are removing more buyers from the market. Our low number of new listings appears excessive relative to the present demand. Both are exceptionally low.

However, to put things in context, we have not yet reached the level of inventory we saw in September 2016, which was considered a normal year in which prices moved modestly higher. Nobody was too concerned in 2016, so why is there so much panic around now? There are several reasons:

We got used to very low inventory between 2020 and early 2022 and the current levels are much higher than we are now accustomed to. They feel higher than they are.

Social media is full of predictions of disaster because that is what attracts viewers and therefore rewards the person posting the bad stuff. People are primed to believe bad news more than good news.

The trends in 2016 were slowly improving whereas now they are slowly deteriorating. The latter feels much worse emotionally.

We have large inventories owned by the iBuyers and they are highly motivated to reduce them. This puts extra and unusual downward pressure on pricing.
Until a week ago, it looked as though the 2022 line could easily stay well below the 2016 line, bringing comfort to sellers and undermining the predictions of disaster. With interest rates above 6% things do not look so reassuring. It is now easier to imagine the 2022 moving above the 2016 line.

Even so, we don't see disaster as likely in the near term because the rate of arrival of new listings is so low. Collapses in price occur when inventory becomes excessive. In week 38 of 2007 we had 340 days of inventory. When considering the current 73 days of inventory it is a good idea to keep that number in perspective. It is still quite low compared with the long-term average, which is 117.

04/26/2022

What's holding you back? I don't often show my vulnerable side but it was really great talking with the Moms in Real Estate girls to share my story, my goals, what holds me back and even my secret playlist to get me pumped up for the day! Thanks Kristen​ and Angela for inviting me to join your Podcast and for being such a huge connection for so many women in our industry. If you have 20 minutes, take a listen. .

https://podcasts.apple.com/us/podcast/sarah-lossing-of-arizona-talks-crushing-limiting-beliefs/id1434458650?i=1000555125700

✨Sarah Lossing, Realtor
💎Keller Williams Integrity First
📲602.410.2480
📧[email protected]

04/26/2022

Holding open houses to actually sell a house and engage qualified buyers is an art AND a science. Planning and finesse are key! Ask me how! ✨Sarah Lossing, Realtor
💎Keller Williams Integrity First
📲602.410.2480
📧[email protected]

02/09/2022

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02/02/2022

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01/10/2022

Your 2022 year according to Corcoran!

12/21/2021

Experts are calling for a flurry of activity as more buyers and sellers make their moves this season than they would in a typical winter. If you're thinking of selling, don't wait until the spring. Buyers are eagerly looking for your house right now. DM me to kickstart the process.

11/24/2021

My favorite time of year is Thanksgiving and Christmas! For me it’s a time to share my huge gratitude for the clients who choose me to serve their real estate needs and my supportive business partners and help me make it a success for our clients! Thank you Magnus Title Agency Chandler, Valley Building Inspections, Service First Home Loans- Gilbert and HomeServe USA for helping celebrate our clients at Stone & Vine Urban Italian this week!