An interesting conversation yesterday with the guy who made one of the biggest deals in the history of residential brokerages when he sold his company with 1,700+ agents to Compass in 2018. His team developed the graph above on March 31st, and it looks like they are...
Like the San Diego Case-Shiller Index, the median sales price has been sputtering lately (above). Homeowners didn't have to make their mortgage payments before the coronavirus, and now they really don't have to make them, so analysts who point to foreclosures are...
Prices dropping in the 'low single digits' doesn't sound like a frozen or desperate market. Their first story is about a guy who is looking at homes in Florida priced at $15 million? That's relevant to the national housing market?...
My guess is that NSDCC sales will drop by at least 60% in 2Q20, and our price gauges fall 5% - sellers won't tolerate any more than that, and they will wait it out instead. “As has been the case since mid-2019, after a long period of decelerating price increases, the...
An excerpt from Bill's post today: Since this post (in July, 2018), existing home sales have mostly moved sideways, and both new home sales and single family starts have hit new cycle highs. Here is the graph I like to use to track tops and bottoms for housing...
This is a price survey that ranks the over/under for each metro to the 2.8% value growth expected nationwide. I'll take the over for San Diego! The Zillow Home Price Expectations Survey sponsored by Zillow and conducted quarterly by Pulsenomics LLC, asks more than...
Whether you move there or just buy rental properties, these are NAR's hotspots: In offering its list, NAR tracked ongoing data including domestic migration, housing affordability for new residents, consistent job growth relative to the national average, population age...
Here are the Zillow predictions for 2020 (higher sales and prices): With the housing market stabilizing from the drama of the early years of home price recovery and the subsequent slowdown during 2019’s home shopping season, we have a rare moment of calm to reflect on...
Last year, I guessed that our NSDCC sales would drop 20% due to high mortgage rates, and pricing would stay about the same. Rates dropped instead, and both sales and pricing stayed about the same as the previous year. In 2020, I think we will see sales drop 10%, just...
Above you can see how our market compares to others, and below is the history of our 'months of supply'. I said in the video yesterday that I thought the NSDCC sales in 2020 will be down 10% year-over-year mostly because there aren't enough reasonably-priced homes to...
