Dana Cohen

Show Me The Money

Sometimes art imitates life so closely that it describes a real world situation better than words. If I were to describe our current local residential real estate market, I would use the famous “Show Me the Money” scene from the movie Jerry McGuire. For those of you who are avid football fans like me, it is the scene where Rod Tidwell (Cuba Gooding, Jr.), a disgruntled wide receiver for... [Read more...]

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Dwindling Supply, Increasing Demand

In my last report to you, I predicted that the spring market would be active with signs of increasing demand and firming prices. The early data suggests that this is happening. In fact, 59% of The Grubb Company’s transactions during the first quarter involved multiple offers, an excellent sign that demand is coming back into the marketplace. In terms of our local market*, 174 homes at a... [Read more...]

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The Year Ahead

At this time of year, I’m often asked what the future brings for real estate in our local residential market*. As with any prediction, I’m wrong as often as I’m right. Last year at this time, I predicted a turnaround during the spring quarter. However, tight financing and sellers hesitant to lower their pricing expectations kept a lid on sales until the fall quarter, when we experienced the... [Read more...]

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