My friend Steve did a nice job here comparing the forecasts to the national statistics (he's talking to agents):
Real Estate – Last 12 Months
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Year: 2023
Inventory Watch
In the past week, there were 18 FEWER new listings and 15 MORE new pendings than the week before - and boom, the mid-summer surge continued....but only for some, not all. A good example of the current market conditions is one of the La Costa Valley 6 that we've been...
Now Shiller Says ‘It’s Seasonal’
Bob was like all the others and predicted a 10% drop in prices because of higher rates. Now he's joined us on the seasonal bandwagon. An excerpt from this article: Fast-forward to 2023, and Shiller is once again closely watching the U.S. housing market after its...
Safest States
For those leaving California, you’ll be the safest in Massachusetts, followed by Vermont, New Hampshire, Maine and Rhode Island. Safety seekers should avoid Louisiana, Arkansas, South Carolina, Mississippi and Oklahoma. [button...
NSDCC SP:LP Preliminary
The NSDCC sales are trending lower and appear to be focused on the lower-end: We should still get the 100+ sales in July, and hopefully no one will be screaming about prices dumping 20% in one month. It's just that the higher-end isn't clicking like it was before....
Barbie-Themed Real Estate Video
A fellow Compass agent got creative with her latest home video:
Zillow Local Forecasts
At the beginning of 2023, the Zillow 1-year forecast for San Diego home values was -0.8%. In May, their expected 1-year appreciation rate in our local areas was around +3%. Now they are guessing it will be around 4%....which might cause more sellers to wait longer! SE...
Why Hire Jim?
It's usually the creampuffs that get bid up 13% over list! https://www.compass.com/app/listing/7114-columbine-drive-carlsbad-ca-92011/1354511938316929481
Neil Young at Rady Shell
Did you catch Neil when he was in town? He's 77 years old!
NSDCC Current Conditions
I try to investigate different ways to analyze the market data so readers can grab something pertinent that might help them make a better decision about their real estate needs. Here's today's attempt! July isn't done yet but you can see the trend: The high-end isn't...
