The chart above shows that there were 61 new NSDCC pendings through January 16th last year - when mortgage rates were in the low-3s and we were in full frenzy mode. Through the 18th, there are 62 new pendings this month! We are on about the same pace as last year? Who...
Some people haven't gotten off the couch yet so it's hard to say if all of the comments are an accurate depiction of what's happening. But those who are willing to leave an upbeat tweet must feel pretty good about them, knowing that the wrath of real estate twitter...
Solar is probably the most desirable upgrade for buyers. Hat tip to Eddie89 for sending this in: Defying overwhelming public opposition, state officials voted in late 2022 to make drastic changes to California’s rooftop solar rules (called “net energy metering”)....
The number of December sales has been hanging right at 100 and ten closed above list, or 10%! Percentage Of Sales Closed Above the List Price, by Price Range If the over-list sales start to increase this spring and get above 20%, then the frenzy feelings are slipping...
Yesterday, we saw that there has been a flurry of new pendings this month. Could it be a result of brave buyers who have lowballed the sellers? We won't know until they close escrow. But there is a direct correlation between how long a home has been on the market, and...
I suggested that buyers were merely vacationing from the housing hunt over last six months of the year, and some at the open houses this weekend confirmed that it was the case for them. Last week the median days-on-market for the new pendings in January was 55 days,...
A fantastic start to the new year! In the last week, there were 36 new listings and 34 new pendings! In the previous week, we also had 36 new listings but only 15 new pendings. The total pendings count increased +30% in a week! In the Under-$3,000,000 market, there...
I checked my written count and I had 21 people in the first hour so Sunday's total was more like 40 visitors. To have almost 100 people visit an open house this early in the year while raining both days is remarkable!
Have you noticed that the doomers are just speculating that the market is bad, mostly based on the median sales price? Is that all you got? Believe what you hear from the street.
