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...
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:...
I've been sitting on this photo for about ten years so it's about time! The vice president and I have things in common. We were both born in Oakland and she got her start at the same place my grandfather did. Her law career began in 1990 at the Alameda County's...
San Diego's YoY gain of 9.4% is third highest behind San Jose and Hartford, and our +55.4% since March, 2020 is #1 among the higher-end markets!
Due to expected scrutiny from the DOJ, the California Association of Realtors has abandoned buyers, and the buyer-agents. If a listing agent wants to include paying an incentive to buyer-agents, not only do they have to convince a seller that it's a good idea, but...
I was on a national sales call yesterday where agents from coast-to-coast were complaining about how bad their market is currently. I kept thinking, "It's nothing price won't fix!" Instead, the common fallacy that 'it just takes longer to sell a home' will prevail....
Here are four tepid responses to the question on whether home prices will drop this summer: https://www.cbsnews.com/news/will-home-prices-finally-drop-this-summer-heres-what-experts-say/ The lame last paragraph sums it up: The bottom line The real estate market seems...
It's considered normal for a market to have six months' worth of inventory, where the number of homes for sale this month equals 6x the number of sales last month. Our market has done better over the last few years, and three months' worth seems normal now: Here are...
Above is what's coming for the next six months, and it's going to be a slugfest as buyers and sellers grapple with price. The relation of sales price to the days on market will be exact. How much should buyers offer as we cruise into lowball season 2H24? The price...
Earlier this year, I speculated that the market could endure - and probably snap up - additional inventory, as compared to last year. The 2023 inventory was like the Mohave Desert! It seemed that 10% to 15% more would be easily digested, and maybe even +20% or +25%....
