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Frank Rubi, FrankRubiRealEstate.com (Frank Rubi Real Estate, LLC)

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Rainmaker
1,844,291
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

You know what's really crazy in my market - low inventory & prices are not really going up. That's been since last year. Throw out that well know economic condition of supply & demand I guess.

Jan 26, 2017 05:07 AM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

The same here, and price has been trending upward.

Jan 26, 2017 09:57 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Frank... is this a quiz?  I would have no idea how the prices in your market are reacting to low inventory. Here in Charlotte the lack of inventory has been driving prices up for three years now... it's the basic economic principle of supply and demand.

Jan 26, 2017 09:11 AM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Economics 101:  Prices will increase when supply is not sufficient to meet demand.

Jan 26, 2017 08:46 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

We have been experiencing low inventory for some time now. Prices continue to increase.

Jan 26, 2017 08:36 AM
Rainmaker
577,750
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

We are experiencing low inventory as well, have been for the past couple of year, and unfortunately pricing has gone above and beyond what is reasonable creating a false market. 

Jan 26, 2017 08:00 AM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

In our market it has increasing prices. Though winter and bad weather has slowed that a bit even with record low inventory.

Jan 26, 2017 07:57 AM
Rainmaker
815,253
Paul Antonelli
Antonelli Realty - Saint Cloud, FL
Broker Owner; Antonelli Realty

Our market here is low with inventory but prices are stable

Jan 26, 2017 06:15 AM
Rainmaker
2,220,323
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

We are experiencing the same Frank Rubi getting ready for the Spring market.

Jan 26, 2017 05:43 AM
Rainmaker
846,475
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

They should be Rising.  It's called Supply and Demand.

Jan 26, 2017 05:23 AM
Rainmaker
851,242
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Low here in most of our sub areas too... prices are ticking up a bit.

Jan 26, 2017 05:10 AM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Prices are increasing here in Phoenix due to low inventory

Jan 26, 2017 04:22 AM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

We talked today during the office meeting that prices might soften down a bit, since more inventory is coming to the market. 

Feb 02, 2017 06:38 PM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

Prices are rising.

Jan 27, 2017 04:01 AM
Ambassador
5,229,951
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Increasing - there's just nothing available so, as Fred Griffin mentioned, it's all about supply and demand!

Jan 26, 2017 07:07 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

our inventory is low, also....but our prices are not soaring..... 

Jan 26, 2017 09:45 AM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Normal supply & demand is at work....Good time to do business is now

Jan 26, 2017 07:31 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

More often than not a low inventory creates a rising price reaction.

Jan 26, 2017 06:37 AM
Rainmaker
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Downtown condos here not low in inventory versus demand. Prices moving very slowly upward. Demand for rentals overcoming ownership currently!

Jan 26, 2017 05:58 AM
Rainmaker
1,543,662
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Inventory has been low for over a decade in CA and the effects of it felt since our 2011 recovery. It existed before but with the Great Depreciation of '07-'11, we didn't notice it as much. We're climbing at a rate of 3%-7% per month in most areas, although the rate hikes may slow that down eventually. For now they've created earnest.

Jan 26, 2017 05:39 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Harry F. D'Elia nailed this one!

Jan 26, 2017 04:47 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

The local market housing price is responding in a direction opposite the average DOM.

Jan 26, 2017 04:40 AM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

We have several market types - all seem ok to me

Jan 26, 2017 04:17 AM
Rainmaker
5,868,538
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Low inventory three years ago (and up to now) have sent prices rising 10% per year in Denver.

Jan 29, 2017 12:11 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Our prices have mainly gone up due to a healthier market. It's just been recently that we have experienced low inventory. I'm thinking we are going to see prices creep upwards. 

Jan 28, 2017 06:22 PM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Low inventory, prices still on the rise in most parts.  Especially for well done houses.  Ones that havent' been touched in 20 years, not so much.

Jan 27, 2017 09:17 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Frank Rubi - after reading more than 50 Prediction posts in my contest this month, this is the THEME of the year! Prices are still going up!

Jan 26, 2017 09:43 PM
Rainmaker
599,274
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

We haven't run into that problem yet but I'm expecting it this year!

Jan 26, 2017 08:44 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Our inventory is low and prices are rising. I expect nothing else.

Jan 26, 2017 08:42 PM
Ambassador
6,393,179
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Supply and demand, generally find their sweet spot.

 

Jan 26, 2017 08:09 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Going up!!!

Jan 26, 2017 07:43 PM
Rainmaker
679,404
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Our inventory is low and the prices are stable.

Jan 26, 2017 06:07 PM
Rainmaker
4,160,412
John Pusa
Glendale, CA

Frank Rubi The inventory is low in my area too.

Jan 26, 2017 05:46 PM
Rainmaker
763,883
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

It's the old law of supply and demand. I listed a condo with no competition and a glut formed immediately.  It's no a race to the bottom.

Jan 26, 2017 05:19 PM
Rainmaker
711,852
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Basic supply and demand. Low inventory with high demand equals prices escalating.

Jan 26, 2017 04:45 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Same as yours.

Jan 26, 2017 04:21 PM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Low inventory doesn't always push prices higher. Sometimes inventory is low because prices aren't rising.

Jan 26, 2017 12:26 PM
Rainmaker
677,422
John Slocum
Premiere Property Group, LLC - Vancouver Washington - Vancouver, WA
Broker, SFR - Vancouver WA Real Estate

In the previous Boom our area lagged the nation but, peaked at a higher level.  This time around our area is above the national curve, and not below it.  Prices are now increasing at double digit rates.  John and Kat

Jan 26, 2017 11:40 AM
Rainmaker
4,272,548
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I am seeing the same drought and prices are spiking...

Jan 26, 2017 10:30 AM
Rainmaker
4,936,677
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

We had a 9% increase last year because of low inventory.

 

Jan 26, 2017 10:03 AM
Rainmaker
1,157,785
FN LN
Toronto, ON

My market has a much lower than normal level of listings for January.  Prices are continuing to rise as they have been for a number of years.

Jan 26, 2017 08:58 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Stable.

Jan 26, 2017 05:06 AM