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Tim Van Damm & Associates News

Today’s Real Estate Market Explained Through 4 Key Trends

As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four key components that are shaping this unprecedented market. A Shortage of Homes for Sale Earlier this year, the number of homes available for sale fell to an all-time low. In recent months, however, inventory levels are starting to trend up. The latest Monthly Housing Market Trends Report from realtor.com says: “In June, newly listed homes grew by 5.5% on a year-over-year basis, and by 10.9% on a month-over-month basis. Typically, fewer newly listed homes appear on the market in the month of June compared to...

Ranked as America’s Best Real Estate Professionals – WSJ

Honored to be Ranked as Best Real Estate Professional for 2021 by The Wall Street Journal and Real Trends. Ranked by Sales Volume as Top 1% of 1.4 million Real Estate Professionals.

Power Player for 2021 – Modern Luxury Magazine

I am honored to be featured in Modern Luxury Magazine as a Power Player for 2021. Read the full article in the June 2021 issue!

Experts Say Home Prices Will Continue to Appreciate

It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. In addition, Jim Dalrymple II of Inman News notes: “One of the most noteworthy things that came up in Inman’s conversations with agents was that every single one said they’ve had conversations with clients about whether or not the market is heading into a bubble.” To alleviate some of these concerns, let’s look at what several financial analysts are saying about the current residential real estate market. Within the last thirty days, four of the major financial services giants came...

TOP AGENT AWARD 2021 – San Diego Business Journal

Recognized as Top Producing Real Estate Agent for 2021 - San Diego Business Journal. Interested in Selling or Buying? Call or Text Me! (858) 663-0911 Tim@TimVanDamm.com Tim Van Damm is a Luxury Real Estate Specialist with extensive experience in the luxury real estate market and construction. He is ranked as top 1/2 of 1% Worldwide in Real Estate by Berkshire Hathaway and Top Producing Real Estate Agent for 2021 by The San Diego Business Journal. He specializes in Rancho Santa Fe, Del Mar, La Jolla, The Crosby, and...

THE main driver of the housing shortfall

While many homeowners paused their plans to sell during the height of the pandemic, this isn’t the main cause of today’s huge gap between supply and demand. Sam Khater, Vice President and Chief Economist at Freddie Mac, Economic Housing and Research Division, shares: “The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes . . . That decline has resulted in the decrease in supply of entry-level single-family homes or, ’starter homes.’” When you consider the number of homes built in the U.S. by decade, the serious lack of new construction is clear (See graph above). The number of newly built homes is disproportionately lower than the rate of household formation, which, according to the U.S. Census Bureau, has continued to...