Here is the most EXPENSIVE home sold in Burbank this week - who do you think got the better deal...

Who got the better deal, buyer or seller?

Here is the most expensive home sold this week in Burbank.

Asking price: $1,880,000

Selling price: $2,050,000

This remodeled, 2-story traditional home has 4 beds/3.5 baths, 3,184 sq. ft. of living space, and is on a 7,931 sq. ft. lot.

The home features an open floor plan with a large family room that opens to the chef’s kitchen.

There is also a master suite that has his and hers walk-in closets, and an en-suite with a jet tub.

What really unique is that there are two garages. There is an attached 3 car garage at the front of the property and a second 3 car garage in the backyard.

This real estate phrase has surged in Google searches by 2,450%...

Americans are increasingly turning to Google to find answers to their housing questions.

The phrase “When is the housing market going to crash?” has surged in Google searches by 2,450% in the past month.

Consumers are also searching for information about “Why is the market so hot?”—doubling in the last week—and “How much over asking price should I offer on a home in 2021?” which increased by 350% in Google searches that week.

25% more housing inventory coming?

Ten percent of homeowners say they plan to list their home for sale this year, and more than a quarter—26%—say they plan to list within the next three years, according to a new survey from realtor.com.

“In a typical year, we see about 8% of the nation’s homes hit the market, and we're expecting about 25% more this year,” says George Ratiu, senior economist at realtor.com®.

“This signals that many homeowners who were wary to list during the pandemic are getting ready to do so, and this much-needed inventory—especially for starter homes—will begin to relieve buyers’ challenges in a very competitive market.”

Do you think home prices will go down because of this?