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!
I wrote a purchase contract for a buyer this week. There were 41 pages. Let's add that to the list of hurdles for buyers in 2025. There are several search portals that display home listings publicly and free of charge. But it doesn't make it any easier to find a good...
Everyone is wondering if home prices are going to come down, so the mainstream media is happy to juice the conversation with a sexy headline - which, if you are a casual reader, will make you think that lower prices are on the way. Then they throw in a quote from a...
We lost another escrow yesterday. The first-time home buyer saw the article above and cancelled immediately. https://www.newsweek.com/parkinsons-disease-linked-golf-courses-new-study-2070602 This is what our society has become - just believers of headlines. I read the...
Between the tariff calamity that is still a long way from being resolved and Jamie Dimon calling the markets complacent, you would think that The Big Wait would come naturally and home sales would be slowing considerably. In addition, most homes for sale aren't...
It doesn't matter if these apply to your market or if there is any truth to them. People are reading these on twitter, and it's natural for buyers and sellers to wait. Buyers: Don't buy the wrong house. Stay engaged and see if you get lucky!
NSDCC Actives and Pendings We looked at the somewhat-gloomy San Diego County stats, so let's also examine the individual areas around the north county coastal region. Comparing year-over-year, it looks a little gloomy here too. The areas in red have worse numbers...
