Virtually everyone is reluctant to predict the future of the real estate market. Even most realtors will throw their hands up and declare, "Who knows?". But around here, one fact has been clear and it tells us what we need to know about the rest of the year. The...
The Zillow guesses on local appreciation over the next 12 months have gotten more optimistic. I added their previous guess from November in paratheses next to the zip codes, and the change in their typical home value over the last 12 months (in green). In 2024, the...
Is having more homes for sale a big deal? The local market has survived everything else, though they were all at lower price points. If price adjustments are needed, what can we expect? I've mentioned how my recent listing in La Costa Oaks got caught up in price war....
In 2024, we had more drama than usual. The Big Three: Hotly-contested election. Commission debacle. Mortgage rates that were supposed to come down, but didn't. Any one of those could have derailed the real estate market, but instead we survived just fine: NSDCC Annual...
We're going to start the new year with about 17% more houses for sale than we did in 2024. They will be joined by other failed listings from the past, and the inventory will most likely be rising faster than normal. The first inventory count of 2024 was 255 homes for...
*not done yet! In spite of the most controversial election in the history of America - one that could have been much more distracting - the NSDCC sales in the second half of 2024 were phenomenal. The number of second-half sales rose 13% year-over-year, and the median...
Oh geez, did Jim say something about prices going down? Yes, and isn't it inevitable in areas where there is more supply than demand? Sure, we can always reflect on Rancho Santa Fe where having your home languish on the market every year is a rite of passage. Somebody...
If there is a surge of inventory in early 2025, what will happen? Here are the choices: Frenzy - With rates stubbornly high, the best case is a mini-frenzy where buyers engage in bidding wars for only the top-quality listings. Some of the insanity bleeds over to the...
Last week there were 386 NSDCC active listings, and today there are 343 - a difference of 57. Impressively, there were 25 listings that were marked as 'pending' in the last week! But it also means that a load of the unsuccessful sellers of 2024 will be back early next...
Kayla is in town so we were trying to do the more-professional looking videos, which for me means doing a more-formal introduction of myself for those new to our Instagram channel. On the same day, Robert Reffkin appeared on CNBC and said that research shows that...
