The Latest From Piggington

by | Dec 20, 2018 | Graphs of Market Indicators, Jim's Take on the Market, Rich Toscano | 3 comments

Rich’s latest report – we need to get used to bloated higher inventory counts:

Read the full article here – with 13 more graphs!

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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3 Comments

  1. Ross
    Ross on December 20, 2018 at 2:14 pm

    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.

  2. Jim the Realtor
    Jim the Realtor on December 20, 2018 at 2:52 pm

    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.

  3. Rob_Dawg
    Rob_Dawg on December 21, 2018 at 4:35 pm

    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.]

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