Trump is urging Powell to lower rates, and the Fed chief is going to cave. Powell will lower the rates. I guarantee it. He's going to lower his Fed rate by 1/4%, and say, "There you go!" This is 2025, and we're in Flat City. There is no help coming. Homes for sale are...
Homeowners put a lot of faith into their zestimate. They've been receiving their monthly updates for years and years now, and it's like an old friend. It's been so long that they forgot the doubt and mistrust of the zestimates in the beginning, and now figure their...
The world was rocked by tariff talk on April 2nd. The number of actives and pendings were already fighting to stay in line with last year, but look at the changes that began in April. Has the selling season ended prematurely, and it will feel like the off-season for...
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There is a lot of hubbub about the 'market' being sluggish and I've documented how the inventory of unsold homes keeps rising. Especially on the higher-end. But let's focus on what has been working, shall we? Above is the list of our listings that have closed escrow...
Zillow released a statement over the weekend to clarify their ban on listings. As you can see above, the list of exclusions to their new policy is long and lengthy, and it makes you wonder what's left? Most importantly, what or who is so disruptive outside of this...
The market is 'slowing' and pretty soon we will all just be standing around wondering what happened. The underlying reason is that the new rules discourage agents from wanting to work with buyers. I just had one where my buyers offered $175,000 over the list price....
Robert Reffkin was in San Diego yesterday to talk Compass. He will be visting all the Compass regional offices to assure agents that we are on the right track. We're on the right track. Private Exclusives are permitted in the Clear Cooperation Policy. Nobody disputes...
Yesterday, reader Jim repeated the common belief about the Compass 3-Phase Marketing Plan: Compass isn’t going this route to protect sellers - they are trying to increase their dual agency transactions which will lead to more profits for a publicly traded company. In...
The March new listings in the San Diego metro area look good with our 12.7% being one of the lowest national increases year-over-year (above). But after a few months of this, the unsolds are starting to stack up: Buyers don't seem to mind, and for them it can only get...
