May 11, 2022 |
syndicator
Will April be the peak month of buyers paying over the list price? NSDCC Detached-Home Sales, % Closed Over List Price Hard to imagine that there will ever be another month where nearly three-quarters of the home buyers end up paying over the list price! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ How about those $3,000,000+ home buyers! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC Average […more]
May 10, 2022 |
syndicator
These professors rank today’s home pricing relative to the long-term trend for each metro area. San Diego’s 24.75% premium only gets us ranked #62 in the nation! Here are the Top 100: https://business.fau.edu/executive-education/housing-market-ranking/housing-top-100/index.php
This one had the popular features – remodeled one-story on quiet culdesac with good yard (front and back) plus a big country view over Rancho Santa Fe:
Yesterday, Lawrence Yun predicted that home sales will fall by 9% this year, and home prices will rise by 8%. At the beginning of the year, his forecast was: 2022 Home Sales Forecast: -2% 2022 Home Price Forecast: +2.8% 2022 Mortgage-Rate Forecast: Rates to rise to 3.7% by the end of 2022. His forecasts are […more]
I love a little support from others – thank you Bill! https://calculatedrisk.substack.com/p/1st-look-at-local-housing-markets-afd
Yuma beat out every town in San Diego County? Less expensive cities with strong local economies climbed The Wall Street Journal/Realtor.com Emerging Housing Markets Index in the first quarter, another sign that many home buyers are giving priority to affordability. Fast-rising housing prices have pushed buyers from expensive coastal cities into cheaper housing markets in […more]
? We’re close now! We are still planning to host a Top Gun 2 private screening. I have two different guys attending who were stationed at Miramar NAS when the first film was shot, and their commentary promises to be worth it!
This is an example of the hysteria being whipped up by the pseudo-experts. They tend to grab fake data, jump to conclusions, and then spread it everywhere. Here is the tweet with comments – he says the +31% is the change between March and April: https://twitter.com/housereports/status/1521952871490621440 I don’t know where he gets his information, but […more]
The talking heads are saying that higher rates are slowing sales, and I say it’s the lack of inventory. If higher rates were the cause, we would see more active listings piling up. This chart shows how the pendings have dropped off from last year – especially those in yellow: The active-listing counts aren’t any […more]
We attended the Adams Avenue Unplugged last weekend in Normal Heights, and it was a great time. We walked down to the A/C Lounge to see Chickenbone Slim & the Biscuits: and then back to the Normal Heights Methodist Church in time to see John Doe play solo. Tony Hawk is a big fan too […more]