The realtor population of 1.3 million agents today is expected to be cut in half over the next five years. Most will be by natural attrition - the old-style agent is retiring and being replaced by mega-teams. How the brokerages provide for their teams is what will...
Month: August 2018
San Diego Stats, July
Our buyer traffic in July, 2018 was the same as September last year. It looks like the selling season ended sooner than usual? Note that buyer traffic improved in October and November last year, which might translate through to August and September of this...
Housing and Household Formation
This work by the Fannie Mae Research team suggests that there is further divide between the affluent, and everyone else. Their trend shows that people who are having families are those who can afford a house too. Renters are having to choose, or are going with...
Inventory Watch
The number of new listings dropped 10% compared to last week, and the total number of pendings dropped 5%. The rest of the year should dwindle down quietly. Surprisingly, the segment that is struggling the worst is the low-end. The number of NSDCC houses listed...
City of Carlsbad Moving Up!
People wonder how a sleepy little beach town will ever be able to keep the housing bubble afloat. But Carlsbad isn't just a bunch of flower fields and surf shops any more! Carlsbad Top Employers: ViaSat, Inc. – communications Thermo Fisher Scientific – biotechnology...
Trump Tower
Timing your home's sale is critical - and it helps if your realtor has some 'international reach' too! Thanks daytrip: The apartment directly below President Donald Trump’s opulent bedroom at Trump Tower is going up for sale for $24.5 million — and it’s not clear if...
Sunset Strip
This sold to an entertainment attorney for $31,500,000 in April, which was the sixth time it sold since 1995. The developer paid $4,900,000 in 2013:
Housing Prices to Revert to Trendline?
We're going to be fed a solid diet of ivory-tower analyses from now on, because when you look at the history, it sure seems like home prices are due to come down. What these authors fail to consider is how the Bank of Mom and Dad has made the current pseudo-bubble...
Quick Kitchen Updates
Sellers need to do more updating and improving to get their home sold these days, but you don't want to go crazy. Here are a few quick ideas from Bob Vila: 10 Kitchen Updates You Can Do in a Day You don't have to live with your ugly cabinets one minute longer! There...
Aretha
So many loving tributes today to the Queen of Soul that I couldn't help but acknowledge the greatest wife role in the history of film - her appearance in the Blues Brothers (he left anyway):