It's tempting to believe that it just takes longer to sell now. It's brought on by the common thought among most home sellers; "Heck, I'm in no rush, I don't need to sell, and I'm not giving it away!" This is especially true for the higher-end homes. I'll never...
Home sellers and agents need to decide on a pricing philosophy. Do you price it high, and hope for the best? Or do you price it attractively and sell it promptly? During the frenzy, pricing high was recommended because you couldn't go wrong - everything was selling,...
There shouldn't be much new action for the rest of the month - it would be crazy to put a new listing on the MLS in the next 2-3 weeks. It means the current inventory - the lowest it's been since May - couldn't be any more picked over by those who don't trust the Fed...
This is how close we are to a market resurgence. If sellers would pay down 4% to 6% of the loan amount to lower the buyer's mortgage rate by another 1% to 1.5% and get it into the 4s, we'd be looking good for springtime. From JB: In early December, 75% of nationally...
Ivy covers all the topics in this recent interview. The most interesting was her graph above that shows how much quicker sales have declined this year, compared to the last downturn. She is expecting -12% in national pricing, and -20% in sales next year. The different...
Realtor.com is forecasting that the San Diego-Carlsbad metro area will have prices dropping 27% in 2023, but also conclude that fewer sales (-23.7%) will make our area more affordable. They combine the two and call it +3.6% combined growth. They base their forecast on...
Speaking of entry-level homes, here's a tour of one that just listed for $1,099,999:
There are concerns that lower pricing will cause recent home buyers to be underwater - and potentially create another bubble to pop. A factor to consider when assessing the current market conditions is how quickly the affluent buyers have taken over the marketplace...
? Winehouse released her follow-up album, Back to Black, in 2006, which went on to become an international success and one of the best-selling albums in UK history. At the 2007 Brit Awards it was nominated for British Album of the Year, and she received the award...
Guesses of the percentage change in the 2023 national home pricing from today's free WSJ article: NAR: +1.2% NAHB: +0.7% Fannie Mae: -1.5% Goldman Sachs: -7.5% Ivy Zelman: -12% (peak-to-trough in late 2024) John Burns: -20% (peak-to-trough in late 2024) KPMG: -20% The...
