The Peterson Report

Don't get me started on real estate headlines today. The sky is not falling, and we are not heading into a foreclosure crisis - unless every single underlying number is wrong on its face. Time to get real. Don't listen to the pretenders.

Some mornings I feel an awful lot like Don MacLean in American Pie..."bad news on the doorstep/I couldn't take one more step..." It's no longer worth comparing the current market to the previous markets. At this point, it's a little bit like comparing different eras in MLB; same rules but completely different games.

Also, April is Fair House Month. Listen to learn more about the 1968 Fair Housing Act.

Where is the spring market headed in Napa & Solano counties? Is it even possible to say? How will the banking collapses affect the real estate market? Here's a link to my walk-a-thon team page: https://linktr.ee/rfpetersonrealtor

I've been beating up on the Fed a bit lately, but the truth is the market is doing pretty well, all things considered. There are still buyers for homes. There appears to be both a price floor and a price ceiling. That might not be a bad spot to be in at the moment.

Demand from buyers is exceeding inventory and low inventory is going to make for a strong spring selling season. Also, the Fed needs to stop raising rates.

What's up with interest rates? I'm all in on a bull real estate market this spring...American Canyon is unhappy with the Napa Cove Apartments

The Hill ran an article at the beginning of the week titled - more or less - Americans surveyed don't know sh*t about real estate. Ya think? Debunking the idea that there will be another crash (even if we're in a bubble) and that mortgage rates haven't been this high ever...or at least in the last 15 years.

Happy Lunar New Year! It is the year of the rabbit. Here's to politeness making a comeback. I'm making a bold prediction for 2023 and a follow up on my talk about house hacking (aka having a roommate).

2023 is going to be the year of the professional. But what does that mean, really? How do you know if someone is a professional?

Today is National Salesperson Day. Thank you to all of the professional salespeople who give their time to their clients and communities.