These guys were using this Case-Shiller graph to say the housing bubble has ended.
The line on a graph may look like it has normalized, but lately we have had a severely-restricted supply. The old bubble may have fully popped, but we’re not out of the woods just yet.
Jim Klinge
Klinge Realty Group
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
Trustindex verifies that the original source of the review is Google. Jim & Donna Klinge helped us sell our home of 30 years in Ocean Hills. We were very happy with their service and would HIGHLY recommend them to anyone looking for an Honest, Knowledgeable, Skilled, Informed Efficient realty team. Both Jim & Donna were so helpful in different ways and complemented each others skills. Please refer to a more detailed review that we wrote on YELP. Thank You Both for all your help!!!Trustindex verifies that the original source of the review is Google. A+ thank youTrustindex verifies that the original source of the review is Google. Many years ago, we purchased a home in Carlsbad, using a realtor that was recommended to us - Jim Klinge. Fast forward to 2025, we recently had the privilege of selling 2 homes in Carlsbad, CA and didn't hesitate to reach out to Jim and Donna Klinge of Klinge Realty Group to guide us through the sales. The transactions were very different, each with its own unique situation, opportunities and challenges. From start to finish, Donna and Jim helped navigate the pre-sale preparation, the listing, showing of the house, buyer negotiations, the final close and all of the paperwork and decisions in between. What stands out with both transactions is the professionalism of Jim and Donna (and their team), wonderful communication (timely, relevant, concise), their deep understanding of market dynamics (setting realistic expectations), their access to top-notch contractors, and last, their ability to guide us across the finish line successfully. We wouldn't hesitate to use Jim and Donna in the future and highly recommend them for anyone looking to buy or sell a property in North San Diego County.Trustindex verifies that the original source of the review is Google. We sold a home with Jim and Donna and from beginning to end they were consummate professionals. Their initial walk through the property resulted in a list of items to be repaired or updated. They supplied a list of vendors and job quotes to do the repairs and updates. We originally wanted to sell ‘as is’ and just get it over with. They gave us a selling price for ‘as is’ and options for doing a few updates/repairs to doing it all with the selling price for each option. We agreed to do all they suggested and we sold for the exact price they predicted. For every dollar spent we got back more than $2 back in the selling price. And they got that price in a rising interest rate environment! Donna and Jim are extremely detailed and guide you through ever aspect of the sale. There were no surprises thanks to their guidance. We couldn’t be more pleased with their representation. Thank you Donna and Jim, Jerry and MaryTrustindex verifies that the original source of the review is Google. We have known Jim & Donna Klinge for over a dozen years, having met them in Carlsbad where our children went to the same school. As long time North County residents, it was a no- brainer for us to have the Klinges be our eyes and ears for San Diego real estate in general and North County in particular. As my military career caused our family to move all over the country and overseas to Asia, Europe and the Pacific, we trusted Jim and Donna to help keep our house in Carlsbad rented with reliable and respectful tenants for over 10 years. Naturally, when the time came to sell our beloved Carlsbad home to pursue a rural lifestyle in retirement out of California, we could think of no better team to represent us than Jim and Donna. They immediately went to work to update our house built in 2004 to current-day standards and trends — in 2 short months they transformed it into a literal modern-day masterpiece. We trusted their judgement implicitly and followed 100% of their recommended changes. When our house finally came on the market, there was a blizzard of serious interest, we had multiple offers by the third day and it sold in just 5 days after a frenzied bidding war for 20% above our asking price! The investment we made in upgrades recommended by Jim and Donna yielded a 4-fold return, in the process setting a new high water mark for a house sold in our community. In our view, there are no better real estate professionals in all of San Diego than Jim and Donna Klinge. Buying or selling, you must run and beg Jim and Donna Klinge to represent you! Our family will never forget Jim, Donna, and their whole team at Compass — we are forever grateful to them.Trustindex verifies that the original source of the review is Google. WeI had the pleasure of working with Klinge Realty Group to sell our home in Carmel Valley, and I cannot recommend them highly enough! Jim and Donna demonstrated exceptional professionalism, offering expert guidance on market conditions and pricing strategy, which resulted in a quick and successful sale. Communication was prompt and we were well-informed throughout the entire process. For anyone looking for a dedicated and knowledgeable real estate team, look no further! ---Trustindex verifies that the original source of the review is Google. Donna and Jim Klinge of Klinge Realty Group have our highest possible recommendation. From Donna and Jim’s first visit to our house through closing their advice and counsel was candid and honest in all dealings. They kept us fully informed throughout the process. The house sold less than three days after listing with a two-week closing. My wife and I have sold several houses during our lives. This was by far the best experience. Klinge Reality is a premium service realtor. You can’t make a better choice for someone to sell your home fast and for top dollar.Trustindex verifies that the original source of the review is Google. Donna and Jim provided exceptional support and professionalism throughout the entire process. We couldn't have been happier with their efforts. They made our house shine, and thanks to their expertise, it sold above the listing price in the very first weekend! Truly a fantastic experience from start to finish.Trustindex verifies that the original source of the review is Google. This year has been difficult on our family, mainly due to having to sell our home. Thankfully we knew God had a plan for us and working with the Klinge team was a key part of it. It was an obvious decision to work with them again after such an amazing experience when purchasing the same home we needed to sell. The challenge was, how will we do this in so little time with so much going on? Jim and Donna held our hand every step of the way. Whenever an unexpected issue arose they found and provided a solution. Never once did we feel pressured to make a decision and the Klinges were always reassuring after providing the information that the decision was ours to make. Despite the curve balls, they never panicked and exemplified the “can do” attitude, making us feel optimistic and taken care of. Their expertise and professionalism was superb. But of all the reasons to work with the Klinges, the most impactful and valuable is their compassion and genuine care for their clients. We pray that we can one day purchase our forever home and you better believe that Jim and Donna will be representing us - as long as they will have us of course. Thank you again Klinge team! Your execution, experience, and care are unmatched.Trustindex verifies that the original source of the review is Google. Jim and Donna were fantastic! Jim understanding my needs, recommending potential places, pointing out the pros and cons of each property was invaluable. Then when the offer was accepted Donna’s organized guidance through the inspections, paperwork etc made the whole process seem effortless. So grateful that I had them on my side!Load more
I tweeted this and posted it on Facebook. That’s just incredible to look at.
Is that a green shoot?
What a monster, and it looks like it might be brought in for a nice soft landing (although at tremendous cost).
Like the aftermath from a pimple, there’s still a mess we have to deal with.
We still got all these freeloaders costing me $500/month in PMI…grrr…
Is inventory, or lack of, creating upward pricing pressures? When do we start building again finally! That would be terrific for the economy.
I’ve updated the image chart.
http://i173.photobucket.com/albums/w78/kompeitou23/Random%20stuff/houseprover.jpg
New lows, new lows? … historical lows, From 73 each new low just a bit higher than the previous. Do we still have a little more to drop before we bounce around a few more years?
The environment/structure behind this “correction” is just as artificial as the bubble itself. In all bubble bursts there is an over-correction to the downside.
Do you recall the absurb rent/buy ratios of 2005/06/07? When we get the same absurd ratios of buy/rent to the downside….then THAT will be the bottom. And it will come in an environment that isn’t artificial.
Psychologically the tables are already turning- people saying its smarter to rent then to buy. When the taxi drivers and shoe shine boys promote the virtues or renting…..thats when the bottom is in.
Jojo posted : “In all bubble bursts there is an over-correction to the downside. ”
That didn’t happen in either previous RE bubble shown on the chart (late 1970’s and late 1980’s).
Still well above the lows seen in the last 60 years. Definitely room for downside action yet.
Room for more downside, yes, but this makes it look like the “there-has-always-been-overshoot” idea has some holes in it.
@jojo “Psychologically tables are turning … People saying its better to rent than to own” … really !!!
Please be kind enough to spread the word around on behalf of all landlords. We need more vigilantes like yourself to educate these morons who keep on buying. I would say NEVER EVER buy a house … help the poor landlord in paying off his mortgage with your pay-check.
@JtR
“Room for more downside, yes, but this makes it look like the “there-has-always-been-overshoot” idea has some holes in it.”
Indeed, but look at the shoulder of the graph from the years 2008 – present. That is a significant amount of noise and turbulence. Most of it due to governmental/Fed interference. If there was no interference from the Gov’t/Fed, then would there have been an overshoot?
Who knows….frankly, who cares at this point. The real tragedy is that although I was “smart” not to buy during the peak, I am not looking so smart since my cash is now severely devalued (Thanks Mr Fed) and I could have been living rent free.
…snark off…
All markets, everywhere and always, are “artificial” and “manipulated”. If you’re looking for a “natural” and “free” market, good luck and please let me know if you find one.