I agree that homes selling quicker - evidenced by the lower market times - means crazy price increases. Sellers can get away with pricing their home at 5% to 10% above comps and buyers still come running. How crazy is it? More than half of our sales are finding their...
Health, unemployment, stairs, taxes, finances, politics.......selling your home is becoming the answer for everything! More than 2.5 million American homeowners have stopped paying their mortgages, taking advantage of penalty-free forbearance periods offered by...
I showed three houses over the weekend, and other buyer groups were looking before and after. For every hot buy, it seems like there are 5-10 buyers! This enthusiastic demand coming in November can only mean that the 2021 market is going to go ballistic. We will get...
Ryan was nice enough to provide the latest data (2019) from the U.S. Census Bureau on where Californians are moving, and where our new residents are coming from - at least before the pandemic. The big winners on a net basis: More Californians moved there: Texas: ...
The U-T asked their twelve real estate experts about the effects of Prop 19: Q: Will Prop. 19 substantially increase home inventory in California? Of the local experts, 11 out of 12 said NO, and the justification for the one YES answer could have been just as easily...
For the third straight month the level of builder confidence in the new home market set a record high. The National Association of Home Builders (NAHB) said the Housing Market Index (HMI) it co-sponsors with Wells Fargo soared 5 points in November to 90. This is the...
San Diego didn't make the NAR list of vacation-home areas (counties where 20% of the housing stock is for seasonal use), but our market should be enjoying some additional second-home purchases: Vacation home sales are outperforming total existing-home sales. Sales of...
The election season is over (even if the election is not), and the vaccine news today is positive - which should bring more certainty, and relief, to the real estate market. If we just had more homes to sell! What's hot these days? Yesterday, I got the last...
I thought that Prop 19 would get lumped together with Prop 15 and cause voters to consider them both to be a change/threat to the original Prop-13. Though Prop 15 is losing, it appears that Prop 19 has passed: California Proposition 19 (100% reporting) YES: 51.5% NO:...
In April, I thought we would see a big cooldown in October fueled by uncertainty leading into Election Day. Instead, we had the most NSDCC closings as we've had in any month this year (374 so far), and we have almost as many pending listings as active (541/470)! The...
