Either we are undervalued, or we're getting more popular....and maybe both! The price of a San Diego home could increase by more than 8 percent this year, more than anywhere else in the nation, according to a forecast released Tuesday. Real estate analysts CoreLogic...
Happy New Year.....how about a contest to get it started? My case for a full-blown frenzy is based on having additional supply to fuel the seemingly-insatiable demand brought on by the pandemic - having more homes for sale will help spike sales and prices. Betting on...
You won't see the signs of the frenzy everywhere, and probably no signs in the $2,000,000+ market. But anywhere you have one-story houses on culdesacs for under $1,000,000 should be cooking:
The 2021 first-timers (which usually means those who haven't owned a home in the last three years) who finance up to $753,250 of their purchase get a chance to receive a free $1,250 Lowe's gift card! Your agent starts the process:...
Though last year had many challenges and was the worst year ever for many, it turned out to be a phenomenal year for us, business-wise. We are very grateful for our clients' faith and confidence - many of whom found us here at the blog! The Klinge Realty Group had a...
When will we know more about the 2021 frenzy? We already know it's going to be hot - look at the sales count for this month, plus we have 285 pendings: NSDCC December Sales Year December Sales The Following January Sales % Drop-off 2012 181 128 29% 2013 223 184 17%...
Yesterday, Rob Dawg got started on his prediction on next year's market: Is this the official JtR 2021 prediction thread? If so I will post again but for now... The huge demographic groundswell of house-ready millennials will drive prices much higher. The municipal...
Let's try to predict what will happen in 2021! For fun, our reader The Old Man suggested we look back at the predictions for 2020. I had guessed that sales would drop 10%, with the NSDCC median price rising 2% to 3% - here's last year's blog post:...
Bill has his annual forecast on home prices here: https://www.calculatedriskblog.com/2020/12/question-8-for-2021-what-will-happen.html Here is a snapshot of the forecasts: (I was reading the previous chart wrong when I said that all were forecasting 7% to 10%...
Let's get started! If defaulters were pressured to pay or sell.....what metro areas would suffer most? Even in the worst cases, any additional inventory from defaulters will be drawn out over time because they don't want to move. It looks like the San Diego-Carlsbad...
