Sacramento Appraisal Blog - Market trends and real estate appraisals for divorce, estate settlement, loans, property tax appeal, pre-listing and more. We cover Sacramento, Placer and Yolo County. We're professional, courteous and timely.

Did the housing market peak for the year?

July 13, 2023 By Ryan Lundquist 10 Comments

The housing market has likely peaked for the year. Today I’d like to show some ways I’m seeing this in the stats. I’m focused on Sacramento, but this is likely showing up in many markets. Skim by topic or digest slowly.

UPCOMING (PUBLIC) SPEAKING GIGS:
7/20/23 SAR Market Update (in-person & livestream)
7/26/23 Fair Mortgage (details TBD)
8/18/23 Details TBD
10/23 SAR Think Like an Appraiser (TBD)

PRICES HAVE LIKELY PEAKED FOR THE YEAR

It’s normal to see prices peak around June. Sometimes it happens in May. I can’t say with absolute certainty that prices have peaked, but weekly regional metrics have started to go flat, so it seems very likely. This is the median price, and the average price looks similar.

Here’s a monthly view, and in a normal year we should see the trend turn down around this time. By the way, do you see how much closer we are to the peak from last year now? I’m seeing that when pulling comps too.

MULTIPLE OFFERS HAVE PLATEAUED

It looks like the percentage of multiple offers peaked in May, which is normal. June was actually a little lower than May, which is also normal. Since July about 55% of pendings have multiple offers, which shows the percentage has gone down more. The wild part is the percentage right now is actually higher than a normal year, which means it’s really competitive out there. We should see this percentage decrease ahead unless demand unexpectedly changes for some reason (lower rates).

DEAR SELLERS, WE MISS YOU

We’ve had over 6,000 fewer new listings this year in the Sacramento region compared to last year, and it’s been the x-factor in changing the feel of the housing market lately. We went from an ice bath last year to what’s felt like a bloodbath at times these past few months. It’s not that the market is normal, but we have a situation where low supply and low demand have met.

NOTE: Nearly 11,000 sellers have listed their homes in 2023, so it’s not like nobody is listing, but the missing portion is glaring.

HOUSTON, THIS IS NOT NORMAL

Here’s a snapshot of active listings on July 1st each year in Sacramento, and in a normal year before 2020, we’d have more than two thousand additional active listings. I know this is only one day, but the monthly trend looks similar.

BIG MARKET UPDATE NEXT WEEK

I’m doing a big market update next week. You’re invited. There is a live and webinar option. Register here. No pressure.

VOLUME HAS BEEN DOING THE LIMBO

Sales volume has been low all year, and it’s not just because of listings being down. Granted, if we had more listings, we would have more sales. But let’s not ignore the elephant in the room, which is affordability. The most significant reason we’ve seen lower volume stems from buyers backing off the market after mortgage rates shot up. June volume was down 39% from the pre-2020 normal. Here are a few ways to look at what’s happening.

NOTE: Volume typically peaks around June each year

MISSING ALMOST 5,000 SALES THIS YEAR

There have been 4,873 sales missing this year from the pre-2020 average. It’s been stunning to see buyers on pause. Yet, there have been nearly 8,600 sales through June that happened, and sometimes that’s getting lost in the conversation.

IF YOU WORK IN REAL ESTATE:

If you work in real estate, I suggest keeping your focus on the part of the market that IS happening rather than the part that isn’t. It’s glaring to see about 36% of buyers missing in Sacramento, but 64% of the market is happening. What do you need to do to position yourself to work with buyers and sellers who are here today? Who do you need to get in front of? What type of content do you need to put out? What skills do you need to add? What expenses do you need to cut? How can you increase the size of your network?

NEW CONSTRUCTION IS GLOWING

The resale market for existing homes has been struggling, but new construction has been raging. New homes growth has been vibrant this year so far. Let’s remember a big part of this has to do with builders buying down the rate and offering credits.

FOCUSING ON THE MEDIAN PRICE IS NOT A SCARE TACTIC

This week I heard someone say a focus on the median price is a scare tactic used by the media, but that’s silly. There is nothing sensational about talking about price metrics – including the median. Granted, we don’t want to obsess over the median and treat it like it applies rigidly to every neighborhood and property. That would be a mistake. But ironically, the average sales price and average price per sq ft are showing the same trend as the median. Should we throw out those metrics too? I say NO. The key here is to understand the strengths and weakness of each metric and what makes each of them change too. That’s what real estate expertise looks like.

PRICE GROWTH HAS BEEN PRETTY NORMAL THIS YEAR

The median price is up 10.6% in the region between January and June, and that’s a pretty normal number overall. Keep in mind this does NOT mean every property increased in value by 10.6%. The median price does NOT translate rigidly to every property and area. Keep in mind Sacramento County is up 6%, so not every county is going to show 10%. When pulling comps, I’m noticing prices are still down from the peak in 2022 in most areas, but prices have been getting really close again.

TODAY FEELS SENSATIONAL NEXT TO AN ICE BATH

After the ice bath fall season from 2022, it’s felt remarkable to see the market do what it’s done this spring. While the growth has technically been pretty normal, being next to a dull market last year is what makes these stats feel stunning. In short, we’ve had a definitive spring uptick.

APPRAISERS: For my appraiser colleagues, how did we do at capturing spring appreciation in reports and adjustments?

SELLING ABOVE IS STARTING TO FLATTEN

The housing market looks to have peaked for the year, but we don’t have a dull market right now. In fact, it’s been more competitive than normal lately. I know there is so much to unpack in these images, but the black lines represent 2023 and they’ve been more aggressive than normal levels lately (red lines). For instance, in a normal year we might see 42% of sales in June sell above the original list price, but this year it was 52% (still nothing like 76% in 2021). I wanted to mention this because sometimes when we talk about seasonal slowing, people assume it’s slow. I sometimes get people arguing with me at this time of year also about the trend. Friends, let’s look to the stats and realize multiple things can be true at the same time. The market can be slowing for the season AND be more competitive than usual.

NOTE: Do you see how the black lines have started to flatten? This is a sign of seasonal slowing.

SELLING OVER LIST PRICE STARTING TO FLATTEN

On average properties in the region sold 1% below the original list price last month. This is normal for the time of year as a percentage, and it’s way lower than 2021 when properties sold 4% above their original price on average. Do you see how it looks like this percentage has flattened? That’s typically what happens around this time of year (another sign of a seasonal peak).

UNDER 500K: Properties under $500K sold an average of 1% above the original list price last month in the region, and that reminds us the trend isn’t the same in every price range. And it was 2% over in Sacramento County.

Here’s another way to look at it. All the orange dots above the 0% line went above the original list price, and the dots below sold below. This is a good reminder that the story isn’t the same for every escrow. Remember, 1% below is the average, and that doesn’t perfectly describe all properties. Some units last month sold 20% above and other sold 25% below. But the average of everything together is still 1% below.

RATES MATTER FOR THE SECOND HALF

What happens with mortgage rates matters greatly for the second half of the year. If they go up, it’ll take demand out of the market, and if they go down, it’ll bring more demand into the market. I know, that’s obvious, but it’s important to consider as we look ahead.

Okay, this is getting long.

YEAR-OVER-YEAR STATS

MONTH-TO-MONTH STATS

I hope this was helpful.

SHARING POLICY: I welcome you to share some of these images on your social channels or in a newsletter. In case it helps, here are 6 ways to share my content (not copy verbatim). Thanks.

Thanks for being here.

Questions: Are you seeing any seasonal slowing? Or is it getting worse out there? I’d love to hear your take.

If you liked this post, subscribe by email (or RSS). Thanks for being here.

Hot graph summer & Airbnb doom

June 28, 2023 By Ryan Lundquist 21 Comments

Let’s talk about housing doom. Particularly, I want to get into the viral idea about the demise of the Airbnb market. But first, I have a few visuals to kick off hot graph summer (sorry). I’d love to hear your take in the comments.

A meme I shared this week as I talked about the concept of a forever home. It’s a forever home until it’s not… This meme was born from conversation around the topic. Too real at the moment…

UPCOMING (PUBLIC) SPEAKING GIGS:
6/30/23 Halftime report with Ben Johnston 10am (Zoom)
7/20/23 SAR Market Update (in-person & livestream)
7/26/23 Fair Mortgage (details TBD)
8/18/23 Details TBD
10/23 SAR Think Like an Appraiser (TBD)

HOT GRAPH SUMMER

I’m excited to track stats this summer. The market has been a wild ride lately. Here are a few new visuals and thoughts in my brain right now. Or scroll down if you want some juicy Airbnb thoughts instead.

PRICES MEETING LATER IN THE YEAR FOR COFFEE

If we have a normal seasonal slowing ahead, it’s possible we could see the median price for 2023 meet up with 2022 and 2021 levels in the fall. Time will tell, so I’ll keep reporting on the black line. If this does occur, it will show 0% price change from the year before. I can hear it now, “Bro, the market is back. Prices are the same as last year.” However, this will NOT mean we are back to peak prices from May 2022 (gray line). It will simply mean prices in October 2023 are the same as October 2022. The market is in a weird place right now and anything can happen ahead, but a drop like the second half of 2022 seems unlikely unless something really alters the trend.

And a California visual in case that’s your thing. This one does not have preliminary data for June (dotted line).

HOW IS VOLUME REALLY DOING?

Here’s a new visual to help show what’s happening with volume in the Sacramento region. I know this is a hot mess, but I think it packs a punch. The orange line is sales volume in 2023, the black line is sales volume in 2022, and the green line is the pre-pandemic average (2016 to 2019). The percentages here show the difference between the past year and pre-pandemic monthly volume. This gives us a baseline for “normal” so to speak. The problem is comparing volume today to last year gets awkward since last year was starting to be lower. Ultimately, a visual like this gives us more context.

AIRBNB DOOM THOUGHTS

There’s a prominent narrative on social media about the Airbnb market imploding. In fact, this week there was a viral tweet from Nick Gerli about a massive drop in Airbnb income in various markets. This guy is pretty much the chief of the housing doom prophets. He has built a massive following. Today I want to talk about some of his thoughts. This isn’t about throwing shade or real estate gossip, but interacting with ideas that are becoming a part of the housing narrative. This is REALLY important to talk about.

THE DATA NEEDS TO BE QUESTIONED

One of the struggles with short-term rental data is it’s not easy to get unless you pay for the information. My sense is the Airbnb crash narrative sometimes relies on individual stories like, “My sister’s boyfriend’s uncle can’t find renters any longer, so the market is collapsing.” All I’m saying is it can be difficult to fact check the trend in light of a lack of publicly available information. However, here is some analysis from a different data source that some would call the definitive source for short-term rental data. As can be seen, there is a massive difference between the viral doom tweet and what AirDNA’s Chief Economist is saying. Anecdotally, the stories I’m hearing from Airbnb investors in Sacramento are lining up so far with the image below. There has been a hit to income for sure from last year, but it’s not 40%.

THE PREMISE IS OFF

The viral tweet goes on to talk about how scary it is for the United States housing market to have nearly one million Airbnb / VRBO rentals. The idea is it could be a big problem that there are nearly one million short-term rentals compared to only 570,000 homes for sale right now. Look, we need to pay attention to the short-term rental trend, and I expect for this submarket to take a hit if the economy sours. Bottom line. But it also feels a bit awkward to compare the number of short-term rental units with total active listings because the juxtaposition leads to sensationalism. Keep in mind if there was an Airbnb issue, these units would NOT all list at once. I recall Nick Gerli saying it could be a problem when Zillow failed as an iBuyer because those listings would flood the market. Yet, it wasn’t a problem and these listings didn’t hit at once either. Remember, many investors don’t just have one option. Economic pain or a change in short-term rental laws could lead to carnage, but some investors could still rent monthly instead of selling. Ironically, wouldn’t it be great to see some of these listings hit the market? We are starving for more.

By the way, if you really want to make a sensational graph, just tell people the housing market could crash if all investors listed their units. In California it’s said about 44% of all residents rent, which means we have a massive number of rentals. Imagine how a graph like that would look with the number of investor-owned properties compared to current active listings.

JUMPING FROM TOPIC TO TOPIC

A few months ago, I recall this same person talking about the problem of vacant houses in the United States, and how that could crash the market. Look, I don’t have an edge against this guy (really), but at some point, we have to question credibility if he keeps repackaging crash predictions like this. And on a serious note, nobody should be turning a blind eye to the struggle of affordability, inflated home prices, or potential red flags in the future. Ultimately, there is value in discussing topics, but it’s best done with objectivity rather than a paradigm that’s starved to invent new ways to say the sky is falling.

MARKETS GO UP AND DOWN

I’ve been writing for years about how normal it is for markets to go up and down. Housing markets are like my waist line. The numbers are constantly changing. Haha. In truth, prices don’t stay the same. On that note, a critique of a rosy real estate narrative is that things aren’t always super positive and glowing. That’s why I reject the rosy side of real estate too (I’m on team stats).

DOOM STARTER KIT LEXICON

If I were selling a doom lexicon starter kit, I’d include phrases like, “just wait,” “It’s coming,” and “It’s going to be delicious.” I can’t tell you how many times I’ve heard these things on Twitter especially. It’s like people are hungry for a crash, and that’s all they can see and talk about. Or maybe that’s just an image they’re projecting. I really don’t know.

GETTING RICH ON FEAR

The doom narrative has an obsession with fear, and the biggest voices are often earning serious money by sucking people into the narrative. Sometimes I wonder about mindset. Like, do they really believe what they’re saying? Is it just a social media persona to earn money? Or is it a big game?

ROOM FOR DIFFERENT OPINIONS

It’s okay if you think the market is going to implode. And it’s okay if you think prices are only going to rise. We should listen to data and let the stats form our narrative. I respect people on both sides of the aisle, though the truth is often found in the middle on so many issues. Yet, I don’t respect it when someone imposes a narrative on the stats. No thanks.

DOOM & MENTAL HEALTH

First, everyone is responsible for their own mental health, and we cannot blame other people for the way we think and feel. But I want to challenge those who perpetuate housing doom online because there are many people listening who might walk away thinking there is no hope in life, everything is going to collapse, all is lost, and there is only death and destruction ahead.

I talked with someone last year who was struggling with suicidal thoughts when the housing market saw a major shift. The sharp loss in value was a massive issue for this person. Look, this guy needed to talk to someone and work through some issues, and I tried to help. It certainly wasn’t the doom narrative’s fault here either, and I’m not implying that at all, so save your hate mail. However, listening to some doom voices on social media was taking a real toll on this guy’s mental health, so words and narratives do matter. If all people hear is, “We’re going crash hard,” it’s bound to have an effect.

Do you know what I rarely hear from anyone pushing out doom? Things like take care of yourself, step back if this is too much, or there are deals to be had in real estate in any market. Just in case you needed a reminder, it’s possible to have joy even in difficult economic times. It’s possible to be successful in real estate no matter what the market is doing. You are not your paycheck. You are not your Zestimate. Good markets don’t last forever, and neither do the bad ones.

In closing, take care of yourself. Cultivate peace in your life. When it comes to real estate data, listen to voices spewing objectivity rather than fear. And stop following real estate so closely if it’s too much for you (including my blog).

I hope this was helpful.

Questions: What do you think about the Airbnb market? What has been your experience with the doom or rosy perspective in real estate?

If you liked this post, subscribe by email (or RSS). Thanks for being here.

A new homes rebound & avocado toast

June 22, 2023 By Ryan Lundquist 17 Comments

The housing market for new homes is rebounding, but that’s definitely not how I’d describe the rest of the market. Today I have some thoughts about new construction, avocado toast, and positioning yourself for the market that is happening. Skim or digest slowly.

NOTE: This meme quotes a Blink 182 song. They’re playing in Sacramento on Friday (and I’m going to the show). Sorry if you don’t get it.

BUYING HOMES INSTEAD OF AVOCADO TOAST

Here’s the most stunning stat I’ve read this week. 51% of Millennials own a home according to First American. Do you remember when everyone was saying Millennials didn’t want to buy homes because they were more focused on avocado toast? Well, it turns out not all narratives are real. And for the record, avocado toast is brilliant (and I’m Gen X).

A BUILDER REBOUND IS HAPPENING

2023 has been a strong year of new home construction in the Sacramento region. The last half of 2022 was brutal for new homes, but it’s been a rebound so far this year. This year volume is up 37.8% from the pre-pandemic average (2016 to 2019), and volume is basically competing with 2021 and 2022 when we had low rates and extra migration. But today, growth isn’t seeming to come from a flock of eager Bay Area residents, but instead builder concessions are the tractor beam sucking in buyers. And it doesn’t hurt to have 40% fewer listings in the resale market to help buyer focus on new homes.

NOT THE SAME TREND FOR EXISTING HOMES

Now let’s look at existing homes (not brand-new homes). This year from January to May, volume has been down 34% from the pre-pandemic average (2016 to 2019). This is a sharp contrast from the growing trend we’re seeing with new homes. This is a good reminder that the housing market isn’t the same for every type of property (or price range and location). By the way, do you like these new visuals? I used North State BIA data.

DON’T WAIT FOR THE PHONE TO RING

For my real estate friends, in a market that is still struggling with lower volume in the resale market, it’s important to ask questions. Who is buying? Who is selling? How can you be a part of the transactions that are happening? What do you need to do differently today? What portions of the market are growing or contracting? What do you need to do to position yourself for earning business today? Who are the gatekeepers for business in 2023? You’ve got this. You can do it. Don’t wait for the phone to ring. Run to the market. And be okay with hearing NO more than YES.

PAYING ATTENTION TO THE NATIONAL TREND

For a national perspective, I highly recommend following Rick Palacios Jr of John Burns Real Estate Consulting and Ali Wolf of Zonda. Both are really smart and they focus heavily on new construction. I appreciate a focus on surveys too since their results often speak to the trend before we see it in published stats. By the way, here is builder market share nationally. Which builders are you most familiar with in your area?

APPRAISERS CAN’T TURN A BLIND EYE TO CONCESSIONS

In all the glowing news about new construction volume, let’s not forget to consider concessions as we value properties. Here’s the key. Did concessions affect the price of the comps we are using to establish value? In other words, if the comps have a 4.99% rate buydown and a credit for $20,000, did buyers pay an inflated price beyond what they would’ve had paid if there were no concessions? That’s a viable question, and it’s why we want to compare homes with and without concessions to understand if concessions had any effect on the price. I know, people say stuff like, “Bro, it sold for X amount, and that’s all that matters.” That’s not true though. Imagine a brand-new home sold from the builder, and the new owner listed it on the same day it closed without ever living there. Would the new owner be able to sell it for the same amount as the builder? That’s the big question. If the new owner can’t provide a rate buydown and credit back, could the same price be achieved? This isn’t the perfect example, but can you imagine a lender being interested in what a home might sell for without extra stimulus? That’s the issue here. Wouldn’t it be risky for a lender to lend on properties with inflated prices? In short, if a home only sold for a higher amount because of concessions, that smells like an important value consideration. Here’s more about why appraisers ask about concessions.

EXPECT A LARGER SHARE OF THE MARKET

New homes are becoming a larger share of transactions for the national market, and that’s definitely what’s happening locally too. For the time being we are seeing about 40% of local sellers sitting out of the resale market, so until we see a change with that, we can expect for new construction to be in a strong position for growth. Yet, the resale market is still massive compared to new construction, so we have to keep this in mind as we talk about trends. And there’s no way builders can build fast enough to make up for all the missing listings.

I hope this was helpful.

Questions: What are you seeing with new construction right now? And do you like Blink 182?

If you liked this post, subscribe by email (or RSS). Thanks for being here.

A stunning first half of the year for the housing market

June 11, 2023 By Ryan Lundquist 22 Comments

It’s been a stunning first half of the year for the housing market. Let’s talk about some of the bigger issues right now. Here are some things on my mind including weird stats, the anniversary of the market peak, Matt Rife tickets, and being ready for the second half of the year. I hope you get something out of this, whether you’re local or not. Skim by topic or digest slowly.

SELLERS ARE STILL SITTING BACK

New listings have been down about 40% compared to last year, and this has changed the market in Sacramento. We’re missing about 5,400 new listings from last year and 7,500 from the pre-pandemic average. Yikes!!

THE SIX-MONTH STREAK WAS SNAPPED

We had the worst volume ever for six months in a row, but May was finally better than 2007 levels. Should we throw a party? Haha. Technically the streak has been snapped, but let’s give it some time before hyping this as a trend.

ONE YEAR ANNIVERSARY OF THE MARKET PEAK

Prices peaked one year ago, and it’s been a wild ride since. Someone told me prices are back to peak levels, but I’m not seeing that in county or neighborhoods stats. If you are, let me know which areas.

NOTE: Some stats are starting to get weird when comparing to last year.

RATES ARE THE X-FACTOR FOR THIS MARKET

Low mortgage rates are keeping many sellers in their homes, and higher rates have been keeping many buyers from purchasing. That’s what’s so weird about today’s market. We have a situation where lower supply has met lower demand. Some people are saying things like, “Bro, this market is resilient, and nothing can hold it back.” Yeah, but if sellers were listing like normal, the market wouldn’t be competitive like this. Anyway, when thinking of the future, if rates go up, it takes demand out of the market. If rates go down, it’ll create more demand. Sorry, I know that’s obvious. But backing up, it’s likely easier to unlock demand than supply. I heard Michael Zuber put it this way first, and I agree with him. In other words, it will likely take more to move owners sitting on sub-3% rates than bringing buyers back into the market.

DECENT PRICE GROWTH THIS SPRING

Here are some different ways to visualize price growth. Which one do you like best? The median price grew 8.82% from January through May this year, which is a decent amount, but slightly lower than normal. Frankly, it feels astonishing though after an ice bath market for the second half of last year. Keep in mind this doesn’t mean every property grew in value by 8.82%. My advice? Don’t be rigid about the median (look to the comps).

STATS ARE GOING TO GET WEIRD (PLEASE READ)

Some stats are going to get weird as we compare this year to last year. For instance, sales volume for May 2023 was down about 20% from last year, which is SO much better than numbers from previous months. The issue is we’re now comparing today’s market with a depressed year in 2022. A better way to look at the numbers is going to be a comparison to the pre-pandemic normal, which shows volume is still down about 37%. Look, this is nerdy stuff, but there are going to be false narratives spun based on awkward comparisons. And some people will flex hard about how bad it is to compare to last year, but that gets problematic because we need to know these numbers. Moreover, there is tremendous value in comparing prices, days on market, and inventory, so a blanket statement about not comparing to last year seems off.

GOING BEYOND NORMAL

Many stats lately have crossed beyond a normal level, which means the market has become more competitive than usual. It’s stunning to see this since we had such an ice bath market in the fall of 2022. For instance, the percentage of multiple offers this past month is higher than the peak of every other year between 2017 and 2020. That’s stunning, right?

We also see crossing over when looking at properties selling above and below the original list price (see the black line crossing the red line). The market isn’t as competitive as 2021 (orange), but we’re now beyond normal.

Also, days on market is starting to be more competitive than usual lately.

LOOSENED A LITTLE, BUT STILL TIGHT

The market has loosened up a bit, but it’s still really tight out there. What I mean is we have more active listings lately compared to the number of pendings, but there still isn’t much selection for buyers.

MATT RIFE TICKETS & HOUSING SUPPLY

Comedian Matt Rife is the latest example of shows selling out and people being outraged with Ticketmaster issues. Matt Rife is coming to Sacramento, and his show sold out here soon after tickets went live. Anyway, I can’t help but think of the housing market and the challenge to find a home today (especially something affordable). Last year the market experienced a sharp change up with inventory, but this year it’s been a sharp change down.

PLANNING FOR THE SECOND HALF

Here’s a visual I’ve been using in some of my presentations to list some of the things we tend to see during the second half of the year. This isn’t an exhaustive list, but it hits most of the main stuff. Keep in mind we are about to begin the second half of the year with more competition than usual, so there’s more room to soften before we feel “normal” so to speak. I’ve been noticing fewer multiple offers in the pendings and a slight increase in active listings, so it does seem like some of the typical seasonal slowing is starting to show up. This doesn’t mean the market is slow either, so save your hate mail. The dynamic is also way different than one year ago too, so be careful about imposing what happened in the second half of 2022 on today. Ultimately, it’s key to know what normal looks like so we can anticipate the market ahead (whether it’s a regular pattern or we see an extended spring season since conditions are so lopsided). Let’s keep watching.

RECAPPING THE STATS

Look, recap stats are getting a little weird right now with sales volume since May 2022 had lower volume, but many annual recap stats are incredibly valuable. Let’s not throw out stats like prices, inventory, and days on market just because volume stats are wonky.

YEAR-OVER-YEAR

MONTH-TO-MONTH

And let’s not forget month-to-month visuals.

I hope this was helpful.

SHARING POLICY: I welcome you to share some of these images on your social channels or in a newsletter. In case it helps, here are 6 ways to share my content (not copy verbatim). Thanks.

Thanks for being here.

Questions: What has stood out to you most about 2023 so far? What are you seeing right now in the trenches of escrow? Did you get Matt Rife tickets?

If you liked this post, subscribe by email (or RSS). Thanks for being here.

Share:

Share:

Share:

Share: