Here's an example of how home sellers can get jammed up by lower sales in the surrounding area and the market turning. During the frenzy, any lower-priced sales nearby were shrugged off by the anxious buyers who just wanted to get any house at any price. Not now. Our...
I didn't miss anything while I was gone. There were no new pendings around our new listing in San Marcos - even though there are plenty of choices! The house for sale that is three doors down dropped their list price by $50,000, but all that does is balance out the...
My Mom joined my Dad in heaven yesterday. She lived a full and complete 90 years - we made sure of that! More than anything, what she enjoyed the most was being our Mom. Like me, she married her sweetheart from her fraternity-sorority days. They met at Cal in the...
Is it possible to own real estate in your 20s? My boyfriend Ryan and I have talked about our desire to buy property for as long as I can remember. We just celebrated our 7-year anniversary and I think we've talked about homeownership the entire 7 years. As we grow...
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Nykia Wright, the CEO of the National Association of Realtors, said this week that she expects a $32 million drop in revenue next year. The NAR agent fee is $156 per year, so she must expect 205,128 realtors to retire/quit by 2026 - which would be about 15% of the...
Compass agent Ben Faber started a discussion: JtR: If you find a halfway-decent home, it will probably be in the first seven days it’s been on the market. It’s when the listing agent goes into full defensive mode and all communication turns vague because they are so...
It's obvious this year that the market is tough and sellers aren't able to demand everything they want like before. It will probably cause more sellers to cancel sooner, and others to not try at all. The inventory count may hover around 500-ish for a couple of more...
The doomers might get excited about the cost-per-sf dropping by 3.1% and 2.6%, respectively, but because sales are holding up well, there isn't any panic. It's a healthy exercise of how pure/unsupported markets should work!
Buyers and agents are noting that the market has changed. Specifically, fewer people are looking at homes for sale, especially during the week when there is little to no activity. It feels more like October than May/June! There has to be reluctance among buyers about...
