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Ralph’s Blogs
Spectacular Lunar Eclispe
Photos by Curlie Jackson These photo's were taken from the boardwalks in Avon and Bradley Beach, New Jersey. The partial lunar eclipse on November 19th began around 2:30 a.m. peaked about 4:00 a.m., concluding around 5:30 a.m. The almost total partial lunar eclipse...
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Staging Tips That Work
Most buyers' agents state that a home well-staged makes it easier for the buyers to visualize the property as their future home. Here are some tips that any seller can implement who want to spend less money. First Impression - Curb Appeal: The home says something to...
US Rents Continue Their Historic Surge
Super-Charged Rents CoreLogic published a report citing that US single-family rents have surged by 10.2% year-over-year in September. This is the fastest rate of growth year-over-year ever recorded by CoreLogic in the last 16 years. Not all markets grew at the same...
Show Me the Money – Opendoor
Home Flipper Business Model Needs Some Work Recent articles and reports covering Opendoor and Zillow's iBuyer program are casting some shadows upon the viability and profitability of the business model by which they operate. Opendoor Still Going Nowhere Despite the...
Zillow Sells 2,000 Homes Part 2
Zillow is not the only publicly traded company involved in this business model: Opendoor, founded in 2014, has been at this for over 7 years, and even with ridiculously strong revenue growth, is struggling to find a profit. Opendoor recently reported revenues of $2.27...
Zillow Sells 2,000 Homes Part 1
Where's the Profit? Recently Zillow announced that it had determined to get out of the iBuying program business model. This resulted in the company taking a significant loss on the homes that it had purchased. It then announced, according to a Wall Street Journal...
Honoring America’s Veterans
Honoring all of our Veterans who have sacrificed so much for Freedom here and around the world. From all of us at Counsellors Title Agency!! Background on Veterans Day Veterans Day is an official United States public holiday, observed annually on November 11, that...
What Escrow Does
Escrow is a legal financial arrangement which involves a third party who temporarily holds large sums of money or property until conditions and contingencies are met, as in the fulfillment of a purchase agreement for property. The escrow account is fundamentally a...
Real Estate Market Snapshot
Market Overview November 2021 People under the age of 44 have been driving the homeownership rate higher; while 45 to 64 year olds have seen homeownership drop. 3Q 2021 realized a strong upward inflection in household formation. The median price of existing home sales...
This Week’s Realtor Report
Friday’s jobs report, highlighted in more detail by Manager of Economic Research George Ratiu, reinforced the Fed’s optimism, and weekly jobless claims also trended in a healthy direction. Despite decent economic news in the 3rd quarter, the homeownership rate was...
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