From MND: Fed policy is critically important to interest rates and January has marked a shift in the Fed policy outlook. In not so many words, the Fed sees itself hiking rates and decreasing its bond purchased more quickly than previously expected. It has conveyed...
Let’s do a final round-up of the 2021 numbers: NSDCC Annual Sales & Pricing Year # of Listings # of Sales Median Sales Price Median DOM # of $2M+ Sales 2013 4,911 3,287 $950,000 54 424 2014 4,794 2,899 $1,020,000 54 434 2015 5,066 3,096 $1,090,000 53 488 2016...
Rob Hahn and I had a conversation about the state of buyer agency - which might only interest realtors, if anybody - but we also got into the idea of home auctions too:
We can see how MoM pricing started to slow at end of summer, only to have it pick up again in 4Q21: San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg Jan ’20 264.04 +0.2% +5.1% Feb 265.34 +0.5% +4.6% Mar 269.63 +1.6% +5.2% Apr...
We had 1,782 new listings of houses and condos last month, in a county of 3.3 million people? And only 1,332 active listings (I believe that is the count at the end of the month). Look at Phoenix and Las Vegas for comparison, where they have 2x and 3x as many...
The NSDCC 2022 inventory is 30% behind the count from last year at this time, and that number was 20% below the previous year. Potential sellers - name your price! The $0 – $1,500,000 Market: Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of Pendings Jan 3, 2022 9...
The UT has published two articles about the these goofy-looking condos in North Carlsbad that supporters are saying that they need to be saved, in spite of the new owners purchasing each individual condo separately and abiding by city zoning and planning: Excerpt from...
Here is some of the evidence of what's been happening lately:
One more thought about the extinction of buyer-agents. There are many variables that point to the demise of the two-agent system that has prevailed for 100+ years. The coming changes should roll out over the next 12 months too - how exciting! What's already happened:...
I screwed up the national rankings the other day. Donna sent me that clip but it was the 2020 list, not from last year. Anyway, who cares about the national - real estate is local! In just 3+ years, Compass has become the dominant real estate brokerage in San Diego...
