These people have been insisting for years that prices will be going down because of higher rates, foreclosures, forbearances, recession – you name it! Will fewer sales will cause higher or lower prices? The authors below say that lower sales volume will result in the ‘home price trend for the next couple of years will […more]
Mike is one of the more level-headed analysts, probably due to the wealth of national data he processes. There will probably be a solid undercurrent of activity as evidenced in the graph above: Mike’s tweet: Prices, meanwhile are still strong. 5 bidders instead of 50 bidders will still support your asking price. Prices holding up […more]
The headline writers are having fun with the current real estate market. They must challenge each other with whom can come up with the most outrageous headline, regardless of what’s in the article. In this week’s article, he says, “that we’ve officially moved from a housing boom into a “housing correction.” “The housing market has […more]
Update: The Real Estate Market in North County San Diego Data Source: Mylene’s Real Estate Market Report uses data from CRMLS for 2018-2022 and represents properties listed or sold by various brokers. Housing Inventory As summer approaches, we’re seeing more inventory all over North County. Between April and May, inventory went up significantly in all…
Their most popular markets are suburban areas that are 30 minutes from the nearest city center? Sounds like Carlsbad/Encinitas! From Zillow: Zillow’s most popular market so far this year is Woodinville, Washington. Burke, Virginia and Highlands Ranch, Colorado round out the top three. Every city in Zillow’s latest 10-most-popular-markets list is a suburban area roughly […more]
The premiere of Top Gun 2 is upon us, and I didn’t get it done. We aren’t having our own show. But this is close:
Someone posted this online, and I thought it was one of the most bizarre real estate photos ever. The tennis-court salesman in this neighborhood was really good! This is in Chatsworth, south of the 118:
Economic_Forecast_May_22 We’re going to be hearing for months about how sales are dwindling. It’s mostly due to comparing 2022 stats to last year’s numbers, which were the most frenzied-up numbers ever. But it is also due to it being a market for the affluent now. Look at the chart above. Even though sales are down […more]
Another cash buyer paying 8% over list – and this was a month after rates hit 5%:
Last week, reader TOB talked about a buyer he knew who walked away from a deal over the Rampart fireplace. Here’s a list of other issues that might be deal-killers, but we try to find a way to solve them before giving up! https://www.hunker.com/13772386/signs-you-should-walk-away-after-a-home-inspection