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

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Rainmaker
1,619,030
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

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
Rainmaker
426,038
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
3,496,488
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill 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
2,469,002
Fred Griffin Tallahassee 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
Rainmaker
2,886,661
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

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

Jan 26, 2017 08:36 AM
Rainmaker
577,189
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
795,196
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
686,509
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
1,354,705
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
846,120
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
696,243
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
Ambassador
1,615,582
Harry F. D'Elia III
RentVest - 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
1,506,571
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • 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
5,888,159
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Prices are rising.

Jan 27, 2017 04:01 AM
Ambassador
3,721,097
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (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
5,390,888
Barbara Todaro
RE/MAX Executive Realty - 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
2,558,090
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
4,798,831
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
3,638,540
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
1,049,777
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

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
3,066,356
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
821,960
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
881,809
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
4,384,918
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
Ambassador
2,209,980
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
1,306,892
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
Ambassador
4,306,997
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
583,775
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
Ambassador
3,985,307
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

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

Jan 26, 2017 08:42 PM
Ambassador
4,760,049
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Supply and demand, generally find their sweet spot.

 

Jan 26, 2017 08:09 PM
Rainmaker
3,985,581
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
503,567
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
3,059,964
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Frank Rubi The inventory is low in my area too.

Jan 26, 2017 05:46 PM
Rainmaker
589,829
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

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
465,944
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
4,923,680
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Same as yours.

Jan 26, 2017 04:21 PM
Rainmaker
634,116
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
540,309
Alexander- Slocum
Premiere Property Group, LLC - Vancouver Washington - Vancouver, WA
Realty Team- 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
Ambassador
3,304,126
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
3,478,542
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
1,157,329
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
4,432,941
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Stable.

Jan 26, 2017 05:06 AM