The kitchen stove is a common cause of fire in the home. The usual culprit of a stove top fire is grease which can be very dangerous and can spread quickly. It is important to know how to react when a grease fire happens.

Here are some tips for putting out a stove top fire, should it happen to you:

If the fire starts from grease in a pan, put a metal lid on top of the pan to smother the flames. Turn off the burner but don’t move the pan. Leave the lid on until the fire is completely extinguished.

If you have it handy you can use baking soda to put out the fire. Never use water on a grease fire, it will make it worse.

An ABC, dry chemical fire extinguisher can also be used effectively on grease fires. It is important to keep a small multi-purpose extinguisher in an easily accessible area of your kitchen.

Never try to carry the fire outside. Moving the pan may cause the grease to splash, spread the fire, and cause burns.

In case of an oven fire, turn off the oven and leave the door closed. After the fire is out, let the oven cool completely.

If the fire becomes more than you can handle, leave and call 911 from a neighbor’s house.

Is it a seller’s market? A buyer’s market? Depends on the day and which media outlet you happen to be listening to. One thing is sure the market is changing. Here are some ways to know what kind of market it is:

These are the signs of a buyer’s market
High inventory or more than six months of inventory currently on the market.
Sale prices are higher than active listing prices.
Lower closed sale numbers.
Declining median sales prices.
Higher DOM or days on the market.

Here are some signs of a seller’s market
Low inventory or less than six months of inventory currently on the market.
Sale prices are lower than active listing prices.
Higher closed sale numbers.
Increasing median sales prices.
Lower DOM or days on the market.

These are signs of a balanced market
Three to six months of inventory is currently on the market.
Sale prices are similar to active listing prices.
Stable sales numbers.
Flat median sales prices.
Days active on the market are approximately 30 to 45 days.

If you want to know how to figure out the months of inventory there is a simple way to do that.
Take the total number of active listings and the total number of sold or closed transactions on the market last month.
Divide the number of total listings by the number of total sales, which results in the number of months of inventory remaining. Then you can determine what type of market it is.

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