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DID YOU KNOW?

Will 2022 be the YEAR OF INVENTORY RELIEF?  Inventories of listed homes has jumped 31% compared to 2021 from historically low levels. In August 2020 there was a 3.4 month supply of NEW homes in the US....that is over 9 months now. In December 2018, it was about 7.5 months supply. TOTAL Housing inventory was at a low of about 860,000 in January of 2022.....it was about 1.9 million in mid 2018 and mid 2019. (Bloomberg)
OPINION:  If you want to bring down the price of ANYTHING - or moderate excess price escalations - usually the best way to do so is to increase supply. Total housing available soared over 4 million in 2007/8 to put things into perspective.
 
The typical UK household is expected to spend the equivalent of £4,266 on energy each year from January. (CNBC)
 
Consumers surveyed last month said they expect home prices to rise by about 3.5% in the coming year, down from an expected change of 4.4% a month earlier and 6% at the start of 2022, data from the New York Federal Reserve showed Monday.  (Bloomberg)
OPINION: This is about a third of the current rate of inflation, so may be good in bringing down inflation.....but 3.5% pricing escalation, compounded over several years is still LOTS! 

The Economist Intelligence Unit (EIU) released their Global Liveability Index ranking of the top 10 best and 10 worst places to live in the world in 2022. The index scored 172 cities in five categories: culture, health care, education, infrastructure, and entertainment. No US cities were in the TOP 10, but Atlanta, Georgia ranked as the most liveable US city, at number 26 on the list, while Washington D.C. came in close behind at number 30. These were the TOP 10:
Vienna, Austria
Copenhagen, Denmark
Zurich, Switzerland
Calgary, Canada
Vancouver, Canada
Geneva, Switzerland
Frankfurt, Germany
Toronto, Canada
Amsterdam, Netherlands
Osaka, Japan and Melbourne, Australia (tie)
 
Wayne Miller of COMPASS La Jolla is part of the CMA-a-Day challenge sending out the COMPassessment to a client every day. This is what he is experiencing:

1) He is offering something of REAL value to his past clients and sphere
2) He has a much clearer understanding of the market
3) He has been updating his CRM daily, and also learning how to leverage COMPASS technology without feeling overwhelmed. Win-win!

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The Hardesty Team are pioneers in the industry and trusted advisors with a solution driven mindset. The Hardesty Team empowers their clients, helping everyone from the first-time buyers to seasoned sellers, make better, more informed decisions.
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