Our national real estate cheerleader at NAR, Lawrence Yun, has published his mid-year forecast. His original forecast for the 2025 Median Home Price was 2% originally, so his downgrade has cut it in half. I don't mind him having a revision, but doesn't his 2026 sound...
Many thanks to Lance for providing more great data! It is very realistic that the inventory will be at much higher levels by this time next year - just from the amount of unsolds that will drag into the new year. Lower rates won't be enough to save all sellers - or...
These graphs are updated on the first of the month so these are the latest numbers and they are interactive so you can scroll over to see the individual data. These are tracking the Coastal North region of SD County. You can see the average and median cost-per-sf is...
I asked a few local real estate professionals what they thought about the current market conditions, and where the market might be going. The two big title companies, First American and Fidelity (which insures 13-15 other title companies) said that the year-over-year...
The somewhat-stagnant marketplace should get interesting in the second half of the year. Buyers will sense an opportunity to make aggressive offers, and they might waive all contingencies to help offset their lower price. Can they still cancel the deal later? Q. If a...
The importance of hiring an experienced agent during tough times can't be overstated. Every agent can handle the easy deals in the absence of chaos and uncertainty. But the deals are going down harder than ever now. Buyers are gaining more control of the market every...
These are as good as anything else at the beach! Plus a peek at a $3.2M in La Costa Oaks.
It looks like the Compass vs. Zillow lawsuit could change the world. A long-time broker/attorney filed his response here, and he thinks Compass has a strong case - and Robert Reffkin added his thoughts in the comment section:...
Wow - the stack of unsold listings keeps rising, and now up to 612! Comparing to recent years: 2022: There were 15 weeks when the number of actives was between 400-500. 2023: Only three weeks when the standing inventory was just over 400. 2024: There were 28 weeks...
Usually, the lowball season is limited to the 4th quarter each year. With the excess inventory today, some buyers will be attempting to get a deal now. Buyers - Where do you start? Getting a deal on a fixer can be counterproductive because of the time and money needed...
