JB is predicting that the local appreciation will be positive for the next few years, though not by much. Zillow thinks the same thing, and if it bounces around in a tight range for the next 3-5 years, it probably won't surprise many. It means there won't be much, if...
Hunch: 'Rebalancing' might take longer than expected. Executive Summary San Diego housing market exhibits a pronounced -2.38% YoY price decline with 3,245 unit surplus inventory, creating a buyer-favorable landscape with 29.6% of listings showing price cuts (+50.3%...
Our head cheerleader is back at it. He is predicting that sales and pricing will increase this year, which is optimistic: Here are the local YoY comparisons: It's been a miracle that sales and pricing this year have kept up with the 2024 numbers. Any Fed rate cuts are...
Rates are in the spotlight again as 2025 approaches. That short-lived dip to two-year lows prompted renewed optimism for home buyers and bumped sales volume, then the rebound in October brought a reminder of unpredictability. Rates are likely to remain volatile...
John is talking about builders here but I couldn’t pass up his mention of last January and February being sensational, and then fizzling out. If rates start climbing again (and it was a bad week – see above), we could have a surge of new listings colliding with rising...
To demonstrate further how the momentum is building, let's look at SE Carlsbad. 4th Quarter SFR Closed Sales Between $2,000,000 and $3,000,000 in the 92009: 2023: 9 2024: 23 The optimism coming off the election helped, because ALL of these went pending since November...
As usual, the pricing forecasts for next year are varied. How do we know what to expect? The average and the median is +3.55%. Two entities picked +2.3%. Just go with the highest at +10.8%? Moody's, the leader of the Doom Squad, just couldn't say flat. They had to go...
Realtor.com, owned by News Corporation, has thoughts on how Trump will affect the real estate market: On the campaign trail, Trump had blamed rising home prices on a surge of illegal immigration during the Biden administration. He also claimed that he would somehow...
Bill is one of the few bloggers still around who comments daily on housing and the economy. Read his full article at his free substack here: https://open.substack.com/pub/calculatedrisk/p/watch-months-of-supply-76b He makes an interesting comparison between June and...
The Fed came through yesterday and lowered their rate by 1/4%. It caused mortgage rates to come all the way back to....7%. This is probably as good as it will get for the next few months. The market feels fairly balanced currently, with some tilt towards a buyer's...
