I love that Robert Reffkin is becoming the industry spokesman - what he says is mostly accurate and informative. For the record, yesterday we had Natalie film my next video before I saw the boss talking about 2025 inventory:
Finally there is an article that exposes their inaccuracy, but it doesn't mention the negative effect on buyers due to the zestimates being adjusted to within a couple of bucks of the list price once a home goes on the market. But the author does highlight that the...
I guess if we're doing billboards it's not much of a secret any more. Selling Compass listings off-market to buyers of other Compass agents is legal and within the rules of the Clear Cooperation Policy. The CCP doesn't allow public advertising of individual homes, but...
Mortgage rates rose today by about as much as the Fed lowered - just like last time! If anyone needed any further convincing that a Fed rate cut is no guarantee of lower mortgage rates, today is a great piece of evidence. Perhaps "great" is the wrong word. There was...
The top 10 ‘housing hot spots’ “2025 is expected to be a year of more opportunities” for both homebuyers and sellers, said Nadia Evangelou, senior economist and director of research at the NAR. Four out of the NAR’s 10 “hot spots” are located in the South — although...
Here's an example of how additional inventory causes commotion in the marketplace. Over the last couple of years, you could put a home up for sale and not have any competing listings around you - and few, if any, recent closed sales either. Buyers and their agents had...
I think we are in for several monumental changes in the market conditions next year. Some will be quick to label it a simple change from a seller's market to a buyer's market and leave you hanging. But it is a description that needs more definition - specifically,...
In the last couple of years, we’ve followed how many new listings come to market in January. It’s been a good indicator of what to expect for the Spring Selling Season! In past Januarys, the guesses spanned a reasonable range and usually the winner was somewhere in...
The was the Inventory Watch report in mid-December last year: Today's report: The NSDCC median list price today is $3,895,000. (It was higher than $4M until April 15th this year). There are 22 houses for sale priced under $1,500,000 between La Jolla and Carlsbad. The...
Rates are in the spotlight again as 2025 approaches. That short-lived dip to two-year lows prompted renewed optimism for home buyers and bumped sales volume, then the rebound in October brought a reminder of unpredictability. Rates are likely to remain volatile...
