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...
Bill's charts give us a good feel for the San Diego market. Sales are doing great - April sales were better than last year: The new listings are in check too. About the same as last April: But here's the problem. The supply is overwhelming the demand: The number of...
The tariff talk is settling down, the stock market looks fully recovered, we got a new pope, and the President is getting a new airplane. Can we get back to selling homes now? Usually we consider a 'healthy' market to have a ratio of 2:1 actives-to-pendings. Above is...
Buyers aren't crazy about signing a three-month contract just to see homes for sale - and neither are the buyer-agents. Every problem with home sales will get solved by cutting out the buyer-agent, even though it's bad for buyers....
