With multiple wars, raging rates, and lawsuits flying everywhere, it sure feels like chaos and doom are prevailing. But underneath it all, our local market looks a lot like it did last year at this time. Keep your head down, and keep pedaling!
I am willing to take the stand if it will help the realtor commission lawsuits, but the defense might have second thoughts. The complaint is that realtors have conspired to force sellers to pay a standard, non-negotiable commission rate to the buyer's agent. My...
A columnist reflected on history to help measure whether it's a seller's market, or a buyer's market. I like it! House-hunting’s transformation includes several market trends including people moving less often, consumers accessing detailed market info, near-instant...
Yesterday, 2,400 Compass agents came to the Rady Shell to hear CEO Robert Reffkin discuss the accomplishments of his clients, the agents. Here are this year's facts to plug into our presentations: Compass #1 in sales volume nationwide last two years. Compass agents...
An incredible loss today of Padres owner Peter Seidler. He was only 63 years old, and left a wife and three kids. In September, he announced that he had undergone a surgery and wouldn't be attending any more Padres games, and it must have gotten worse. We are downtown...
It's been over two weeks since the verdict was announced on the commission lawsuit, and the response from the realtor community has been tepid, to say the least. Agents are waiting to see a strong example of how to convince buyers to sign a buyer-broker agreement....
During the Yahoo Finance Invest Conference, Meredith Whitney, who accurately predicted the 2008 financial crisis and became known as "the Oracle of Wall Street," said that housing prices will fall in 2024 due to a "silver tsunami" of baby boomers who are expected to...
There are three ways to get exposure to realtors. Word-of-mouth from friends and family. Personal experience or investigation. Realtor-paid advertising. First, let's identify how realtors get their business. Either they earn the business (#1&2 above), or they buy...
The percentage change in Active Listings between the first week of October and mid-November: 2018: -3% 2019: -11% 2020: -12% 2021: -18% 2022: -0- 2023: -4% It looks like the sellers are hanging around a while longer to see if November might be their lucky month. Only...
A simple analogy for realtor commissions is a long-distance flight abroad. Someone who was booking a flight from San Diego to Phoenix probably wouldn't be too concerned about the quality. Because the flight only takes an hour, most can endure the...
