Shiller starts at 1:45 of this video, and lays out two historical examples to counter the 2% to 3% improvements predicted by most professional forecasters: Let's look at the most recent stats for North SD County Coastal detached homes, under $800,000: Status # of $/sf...
Let's keep a running tally of new pendings/contingents up to April 30th, to see if there is a last-minute surge to buy before the housing-tax-credit deadline. Detached listings: Listing Status All SD NSDCC ACT 6,610 1,396 PEND 3,901 425 CONT 2,557 157 SOLD, Last 30...
Just the fact that so many more higher-end sales are closing these days is noteworthy, the NSD County Coastal sales of detached $1,000,000+ homes have increased 55% on a year-over-year comparison (and if you take out La Jolla, the others increased a total of 79%!)...
The ratio of active listings to pendings has been a decent gauge of the market's relative health. Here's our scorecard, historically, of the ACT/PEND ratio: 0-2 Hot market 3-4 Regular market 5-6 Market in trouble 7-8 Too many choices 9+ Freefall Here are the active...
Let's rely on the numbers to tell us more about the current market activity, and use the comparison of actives-to-pendings help guide us to see what buyers think of current list prices. Let's break SD North County Coastal into two groups: NW GROUP = Oceanside, Vista,...
We've been hearing about how the real estate market has hit bottom from a variety of sources, this today from the White House: WASHINGTON (Reuters) - The U.S. housing market appears to be bottoming out, White House spokesman Robert Gibbs said on Friday after an...
Hat tip to kwaping for sending along this U-T article on San Diego being 21% undervalued: Link to U-T article An excerpt: San Diego County used to be one of the nation's most overpriced real estate markets, as much as 40 percent above historic norms, according to the...
This is the Redfin graph of sold $/sf vs list $/sf for San Diego. For some reason the two lines are no longer tracking. Can anyone help me figure this out? [Click for a clearer picture.]
