The local real estate market kept trucking along at an amazing pace through the first quarter of 2013! It’s hard to believe the last time we had this few properties (6,700) on the market were the days when Back to the Future was the top grossing film of the year, New Coke was launched (and failed), and the Titanic wreckage was found. The average home was valued at a whopping $89,000 (the price of a new Range Rover) and interest rates were at 13% (not even my credit card is that bad)! What year was this? 1985! How times have changed! Also consider that we had 1.5 million residents in the Metro area in 1985 compared to 2.7 million residents now. It’s no wonder builders can’t keep pace with our explosive population growth! For the first time in many years, the number of (Read on here).
