Monday, June 7, 2021 / by Mike Shoaff
Crypto and Buying a Home
Originally posted on Porch.com
If you’ve ever walked around at an arcade with a couple pocketfuls of game tokens or won similar tokens at a fair to be exchanged for candy and stuffed bears, you already know how cryptocurrencies work. Except cryptocurrencies, like Bitcoin and Ethereum, are digital currencies that can be used to purchase goods and services. Today, there are more than 6,700 types of cryptocurrencies, some better known than others. Traded as commodities on the stock market and known for their volatility, cryptocurrencies have become increasingly mainstream as more people invest in them and trust the blockchain technology employed to secure them. In fact, some people are using their crypto assets to purchase large, expensive items—like houses!
Introduction to Cryptocurrencies
Major cryptocurrencies such as Bitcoin, Ethereum, XRP, and others are a digital form of currency. Once you own them, you can use them t ...
Friday, July 17, 2020 / by Mike Shoaff
SWFLA Stats to Consider:
Inventory: On May 8th we had 13,735 Active listings and as of July 16th we are down to 11,190, a drop in overall inventory by almost 19%. We have just under 4 months of active inventory.
Pending Sales: The past 7 days stats show 1,179 pending which is still WAY above average and at this rate would almost double the past 12 months of sales (32,082). We've also had 4,086 go pending in the past 30 days which still reflects a 35% increase.
Sold Homes: The past 7 days show 651 sold which is up 6% from our 12 month average (615 sold per 7 days). Furthermore, we've had 2,905 closed sales in the past 30 days, up almost 33% since June 19th and up 11% from our last 30 day 12 month average (2,636 closed per 30 days).
At the past 30 day rate of "sold" absorption we only have 3.80 months worth of active inventory and at the past 30 day "pending" rate of absorption we only have 2.74 month ...