About Marco Santarelli

Marco Santarelli is an investor, author, Inc. 5000 entrepreneur, and the founder of Norada Real Estate Investments – a nationwide provider of turnkey cash-flow investment property. His mission is to help 1 million people create wealth and passive income and put them on the path to financial freedom with real estate. He’s also the host of the top-rated podcast – Passive Real Estate Investing.

Seattle Real Estate Market 2020 Overview

July 8, 2020 by Marco Santarelli Leave a Comment

The Seattle real estate market always looks nearly as expensive as an overheated market. After a significant decline in the Seattle home prices in the past year, the prices have taken a good jump in the latest quarter of 2020. The shortage of homes for sale in the Seattle housing market is causing prices to rise. And so for all those reasons and more, rising property values are a positive development for homeowners and sellers in the Seattle area. The ongoing nationwide crisis has affected the real estate market of Seattle as well but not as much as we expected.

It has shown a lot of resilience and is poised to bounce back with the opening of the economy. Despite the economic downturn and disruptions stemming from the coronavirus pandemic, the Seattle housing prices are keeping strong and steady. Right now the latest news is that Seattle’s housing market remains in a shortage with around one month of supply of properties on the market. There are far more buyers than there are available homes for sale. Homebuyers are trying to take advantage of lower interest rates, and the local real estate agents are struggling to meet the demand.

The latest “SEATTLE HOUSING MARKET REPORT” is given below.

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Housing Market Predictions 2020 & 2021: Forecast & Trends

July 5, 2020 by Marco Santarelli 1 Comment

The housing market has begun to show signs of heating up as more buyers and sellers returned to the market in June. Here are the updated housing market predictions for 2020 and 2021. Although it has become a bit difficult to come up with a solid housing market forecast as things are changing with each passing month, the latest housing market trends still point to a shift towards more balanced conditions throughout this year. Many economists still believe that house prices will fall in the coming months but such forecasts are losing grounds as the U.S. housing market so far remains undaunted by the economic recession.

What happens to the housing market next depends on the second wave of the COVID-19 outbreak and, in turn, that of the overall U.S. economy. Despite the ongoing pandemic, the real estate activity was continuing (at a slower pace) with some buyers & sellers merely shifting their timing down the line. Home sales went on a declining spree due to social distancing & economic unpredictability but home prices are still strong across the nation. The national median existing-home price for all housing types in May was $284,600, up 2.3% from May 2019 ($278,200) — marking 99 straight months of year-over-year gains.

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Dallas Real Estate Market 2020 Overview

July 3, 2020 by Marco Santarelli Leave a Comment

The latest Dallas Real Estate Market Report is given below. The demand and sales have been climbing at a feverish pace in the Dallas housing market for more than two years now. The market started cooling off in the last quarter of 2019 and remains cold as of now. Dallas housing prices have risen by only 1.9% in the last twelve months. The DFW metro area has experienced smaller price gains as compared to Dallas. Home sales have slowed over the past couple of months and are likely to decline over the coming months as well, as the metro area continues to struggle with a sharp rise in coronavirus cases.

In May 2020, the number of homes sold within Dallas County was down almost 35% from a year earlier. The median sales price dropped by 3.9% to $250,000. There’s about a 3-month supply of homes for sale which is well below what’s considered to be a balanced real estate market. From this standpoint, the Dalla housing market still favors sellers over buyers.

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NYC Real Estate Market 2020 Overview

July 2, 2020 by Marco Santarelli 1 Comment

The latest New York Real Estate Market Report is given below. You will also find the details of the current real estate trends for NYC or New York City. Low inventory and increasing buyer activity are keeping the prices stable in the New York housing market. It’s a relatively good time to buy a property in New York as housing inventory is on the rise and competition is less.

Let us first look at the statewide real estate market report for New York. With the phased opening of the economy, buyers have been quicker to return to the housing market. It seems they want to cash in on the opportunity to purchase their favorite properties amid a historically low-interest rate of 3.3 percent on a 30-year fixed-rate mortgage. The median sold price remained flat at $270,000 in May as compared to last year. The month’s supply of inventory dropped by 11.5 percent in May, from 6.1 months to 5.4.

On the other hand, sellers in New York are still holding back on listing new properties on the market. New listings are still on the decline as compared to last year. According to NYSAR, as COVID-19 restrictions continue to soften, the New York real estate activity is expected to continue to improve in the coming weeks.

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San Jose Real Estate Market 2020 Overview

June 30, 2020 by Marco Santarelli Leave a Comment

We will discuss the latest San Jose real estate market trends & news and find out how they can affect the investors and homebuyers in the latter half of 2020. The shutdown due to coronavirus pandemic had an impact on California’s economy and the real estate sector as well. 2020 started with low inventory in San Jose, and a strong seller’s real estate market. The number of home sales in January and February were really strong. Then came the shelter-in-place order due to the COVID-19 pandemic. The impact of the pandemic on the San Jose housing market was felt in April when home sales started dropping massively.