The husband-and-wife national anthem - it's John's birthday today:
Dog Races This Side of Town
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Year: 2022
Inventory Watch
We are at the point where the inventory should continue its gradual descent and wind up around 235 active listings at the end of the year (if the percentage drop goes the same way it did last year). Though the Padres will be having an unusual impact on the local...
Responding to Offers
In another installment of what listing agents can do to improve their chances, let's mention one of the habits that were made worse by the frenzy - responding to an offer. Over the last two years, it became part of the business that buyers had to wait around for days...
Lowball Season
Let's face it, at least 90% of the current listings aren't coming off their price much. To get a deal, you have to make offers! Here are some good tips: https://www.realestateskills.com/blog/lowball-offers#offer
JB On The Bubble
Housing Bubble Set to Pop By John Burns In 2013, fresh off the biggest housing downturn in their lifetimes, 73 housing industry executives compiled the Top 10 Signs of a Housing Market Bubble at our Summit Conference in Laguna Beach, CA. Assessing the criteria that we...
Pricing Momentum
There will always be an occasional low sale here and there. What would cause home prices to really slide? There would need to be a series of low sales in the same area to create downward momentum. The next seller would have to be convinced that lower prices are a...
Recent Sales By Zip Code
For those who are willing to investigate the sales data in our local areas, here are the detached-home sales from the last 90 days. Poke around a little, and I doubt you'll believe that we're getting 'creamed'. [button link="https://www.zillow.com/homes/92008_rb/"...
Creamed?
Dr. Doom said in his podcast here that the California markets have had the most significant price declines, and the Bay Area, LA, and San Diego have 'gotten creamed'. He didn't provide any data to back it up, so let's look at what we have from the MLS which includes...
Muse
The The Will Of The People World Tour by Muse is underway, and will be in San Diego on April 10th. Donna said,"Oh that's the Twilight band". Huh? Oh, they were included on all three Twilight films:
Prices Dropped 22% In One Month?
Last month, the 92009 median sales price declined 14.8% YoY, and was -22% MONTH-OVER-MONTH. Keyboard warriors everywhere will be jumping all over news like this. What really happened? The facts: Last month, there were 52% fewer sales than in September, 2021. The homes...
