Burgan Real Estate Blog

The Fourth of July is upon us and if you're anything like me, you have company coming over after you watch the parade and have yet to put together a party that will light up your backyard like…well, today!  But while you have the propane tank filled, the food ready to grill, and fireworks ready for the evening, there are a few things you can quickly do to make sure you're throwing all that tea overboard worth it more than 245 years ago.

RAISE YOUR GLASS TO FREEDOM

What party would be complete without a cold beverage?  Just like our flag has the three colors of red, white, and blue, make sure you have a minimum of three drink choices.  One of those has to be water, either bottled or maybe having a pitcher on every table to make sure everyone stays hydrated.  Maybe even put some strawberries and blueberries in the water for that patriotic theme.Â...

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I've been doing this a long time, and even I have to say the housing market is crazy, even for me. Regardless of who you talk to, people will tell you that the biggest challenge we are facing is that "There is no inventory". Au contraire mon frère. Yes, we are just about measuring time on the market in nanoseconds, but therein lies the true challenge rather than the perceived challenge. Hear me out…

Let's talk stats. For the period June 2019 to June 2020, the MLS reported 5,746 residential sales in the Tri-county area, lasting, on average, 78 days on the market. From June 2020 to June 2021, there have been 6,324 residential sales. How could there be an inventory problem if sales are up 10% year over a year?! Do homes have to be listed in order to be sold?! Am I right or am I right? Here's the difference. For that same period, the average days on market dropped from 78 to 57! 

If a tree falls in the forest, does it make a sound?  Yes.  Yes, it does.  And as of late, the sound it has been making has been "cha-ching."  

Lumber prices have been soaring higher than home prices this year.  The inflation in lumber prices has not only caused obstacles for new construction but has also produced some of the funniest memes of the year on social media.  But before you go and cash in your cryptocurrency for 2x4's as a viable retirement plan, you may want to reconsider as the prices are starting to fall, causing a sigh of relief from builders everywhere.

No one has been immune to the fallout of the pandemic, including home builders, whose sentiment sank to the lowest levels since August of 2020 as lumber prices reached record highs over the last 5 months, according to a newly released report from the National Associatio...

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Family is everything.  From the tough love to the endless support, with family, anyone can achieve anything.  For over 44 years, Burgan Real Estate has embraced the family part of our company, whether our familial ownership now in its second generation, or the family we've created at work with the Burgan Bunch.  This family atmosphere attracts many agents to a better career and we are excited to announce the addition of our new member to our real estate family, Kristen Mancini. 

"Families are all unique and the same is true for ours at Burgan Real Estate.  We are always looking to welcome new family members who share the same beliefs, work ethic, and ideals that we apply our talents to make the lives of our clients better," said Patrick Burgan, co-owner and broker of Burgan Real Estate.  "Though she is a new REALTOR®, Kristen Mancini has already fit into our Burgan Bunch seamlessly and we...

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Starting a new job is always intimidating.  From meeting new people and finding the office to learning the company culture and job demands, it can be quite challenging for someone new to the industry to begin.  However, at Burgan Real Estate, new agents are given the same respect, attention, and opportunity to make the lives of our clients better, just as we would a seasoned REALTOR®.  Terra O'Brien found that comfort level in Burgan Real Estate, and we are excited to announce the addition of her to our Burgan Bunch as our newest real estate agent. 

A native of Warren, Ohio, O'Brien is a graduate of Warren JFK High School.  She went on to Kent State University and found a career in the transportation industry.  Her skills and abilities, however, were not being leveraged to move her career as quickly as she hoped.  So, she took her talents to the residential real estate world and became th...

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