Mike is one of the more level-headed analysts, probably due to the wealth of national data he processes. There will probably be a solid undercurrent of activity as evidenced in the graph above: Mike's tweet: Prices, meanwhile are still strong. 5 bidders instead of 50...
Mortgage rates didn't get into the fives until early April, and up until then, the frenzied-out buyers were grabbing something at any price. The June index will show the full effect, which we'll get at the end of August. San Diego Non-Seasonally-Adjusted CSI changes...
I mentioned how overshoot is part of the program. It will be a miracle if the sellers' expectations can adjust quickly enough to salvage the rest of the selling season. It's probably never been so hard in the history of real estate to get the list-price right! Even...
Nine-year-old G.T. Struck stepped in front of the upright headstone at Fort Rosecrans National Cemetery and waited. His father, Thomas Struck, read out loud the name on the marker and handed the boy a small American flag attached to a pointed wooden stick. G.T. put...
The headline writers are having fun with the current real estate market. They must challenge each other with whom can come up with the most outrageous headline, regardless of what's in the article. In this week's article, he says, "that we've officially moved from a...
Their most popular markets are suburban areas that are 30 minutes from the nearest city center? Sounds like Carlsbad/Encinitas! From Zillow: Zillow’s most popular market so far this year is Woodinville, Washington. Burke, Virginia and Highlands Ranch, Colorado round...
The premiere of Top Gun 2 is upon us, and I didn't get it done. We aren't having our own show. But this is close:
Someone posted this online, and I thought it was one of the most bizarre real estate photos ever. The tennis-court salesman in this neighborhood was really good! This is in Chatsworth, south of the 118:
Economic_Forecast_May_22 We're going to be hearing for months about how sales are dwindling. It's mostly due to comparing 2022 stats to last year's numbers, which were the most frenzied-up numbers ever. But it is also due to it being a market for the affluent now....
Another cash buyer paying 8% over list - and this was a month after rates hit 5%:
