Rich’s latest report – we need to get used to bloated higher inventory counts:
Read the full article here – with 13 more graphs!
Link to Article
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
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Isn’t six months inventory traditionally considered the norm? How then is 3+ months bloated?
2019 is looking to be a banner year for IPO wealth creation:
https://www.recode.net/2018/12/20/18145644/ipo-uber-lyft-slack-wealth-philanthropy-real-estate-startups-silicon-valley
“If you’re a middle-class renter looking to buy a home, you’re likely out of luck.”
Most of coastal California has become an area where if you don’t have a pile of high-tech shares, you just don’t get to buy a house.
Six months is too old-fashioned after the raging market we’ve had for years. But we might get close to that in 2019. RSF, La Jolla, and Del Mar are already higher than six.
Six months is also too much ancient pre-technology that brings product and buyer so much closer together. Imagine setting aside a weekend afternoon to see 6 or 8 houses of which you might see inside 2 or 3 while burning a half tank of gas. [Gee, grandpa, tell us another one.]