Compared to last year, there are 25% more sellers not willing to get realistic about the value of their home. It's fine, as long as they don't mind waiting for all the other better buys to clear out - and it might be a loonnnggggg wait. The median days on market for...
Here's why home buyers should be optimistic - as demand falls off, it will probably be a wide-open playing field for the rest of 2024! No seller is going to be dumping on price though, especially the sellers of the better homes that you want to buy. You gotta be able...
We were on a call yesterday with our referral network of Compass agents around the country, and Gregg in the DMV (D.C., Maryland, and Virginia) said they have been required to use the buyer-broker agreements for the last twenty years. Great - a test case. How has it...
The mainstream media outlets (WSJ and CNN) are highlighting the changes in realtor compensation one more time this week. They're not offering anything new because they can't find anyone who can predict what will happen, good or bad. A summary of my thoughts on the...
It's not really oceanfront with a 4-lane road in front, but it's close. You have the traffic-controlled crosswalk at the corner for easy access to the staircase down to the sand (that the City of Carlsbad is spending $14 million to repair and replace). It's close...
It was International Cat Day last week! Did you know there are more households with pets than children? These beloved pets are a driver of a major facet of economic activity: home buying. About one-fifth of recent home buyers considered their pet in their neighborhood...
If you have sold a house since 2015 and some of the commission you paid went to the buyer's agent, you can file a claim here. Of the $730 million, the attorneys are taking around $300 million, and the estimated payout to claimants is expected to be roughly $13 each:...
We need to start talking about the Padres winning the World Series this year. We don't want to win the division and have to sit out the first week of the playoffs. We want to be playing the first week and have Jackson Merrill and Manny leading the team! The kid is...
This is the final week - it's go time! Beginning on Saturday, every realtor will need to have a written contract with their buyers to show them a house for sale. We have had months to prepare, so we'll see how receptive the buyers are to our presentations, and how...
Mortgage rates took a dive.....for a couple of days. Now they are back in the low to-mid sixes - where they have been for the last month or two. Was there a big surge of new pendings this week? No. The total count of NSDCC pendings went up +2 since Monday. There have...
