Our theme for last month was, "Can our local real estate market have cake and eat it too?" but "Are we running out of cake to eat?" might be a better question to ask this month. The number of active listings dropped by 25% over the last two months based on...

Have Cake and Eat it too? Last month we wrote about the potential for 2022 to bring in a new type of market and we suggested that a shift away from a seller’s market was unlikely. The latest market summary and statistics from Real Estate Information Network (REIN –...

For the past year we have been writing about how few homes there are for sale on the market and how that is the largest driver behind our current seller’s market. An important point to make is that while the months supply of inventory is definitely down (December...

Just the Facts For the past several months we have been writing about what the local Hampton Roads real estate market did in 2021 and we made a few predictions about where we think the market might be heading. This month we are sticking to the facts and next...

For the last two months, we have been watching the local market closely to see if there are signs of a ge in the strong seller’s market that has dominated in 2021. And this month, just like last month, we aren’t close to being ready to declare the seller’s...

Last month we asked this question: Is local demand cooling off? This month we have some statistics suggesting that the local housing market is slowing down a hair, but if you are driving down the highway at 100 miles per hour, is going 97 miles per hour really slowing...

Lee Cross Real Estate Update

Steady, Steady . . . Last month we asked the question: Is the local real estate market changing? Based on the latest year over year (August 2020 compared to August 2021) statistics, our answer is still no, the market isn’t changing. For last month’s entire...

Is the real estate market across Hampton Roads really changing or are the numbers misleading? Let’s start with the latest year over year (July 2020 compared to July 2021) statistics found here: An argument could be made that the market is “slowing down” but we aren’t...

This weekend I (Lee) was visiting friends who are also past clients. They bought a new home in 2019 but made the joke that even though they had been too busy to get their old home ready for sale, it will be to their benefit because prices have increased so much over...