We're going to start a contest for Padres tickets in the new year, so let's get a read on how things wrapped up in 2018. We know that NSDCC sales were down 10%, and the median SP was up 8%. Sales of detached homes in San Diego County were down 11%, and the median...
At the end of last December, blog readers made guesses about the 2018 market: 2018 Predictions By Readers: Rob Dawg: High end volume and price stagnant. Median rises 8% because every low priced property disappears sold or doesn’t sell. Median rises 8% because median...
We are wrapping up another year, and have eyes on 2019! Here are guesses from the more prominent real estate prognosticators: National Association of Realtors: Sales +1%, prices +3.1%. Realtor.com: Sales -2%, Median SP +2.2%. California Association of Realtors: Sales...
The Chargers - still euphoric from having 7 of their players make the Pro Bowl - lost badly last night, and that should doom the rest of their Cinderella season. They will probably end up in Pittsburgh or New England for their playoff game, and have a premature...
A pause in the Fed hikes was looking good. First, the WSJ posted an editorial on Sunday - a snippet: If you think your job is tough, consider Federal Reserve Chairman Jerome Powell. He’s signaled for months that the Fed will raise interest rates again this week, but...
Above is the summary of yesterday's housing and economic outlook sponsored by First American Title. Click here for the full report: SoCal Outlook Dec 2018 Let's mention those who will be making the market in 2019: Those with the least amount of experience and...
Realtor.com is optimistic about the 2019 real estate market (Sales to be -2%): “Inventory will continue to increase next year, but unless there is a major shift in the economic trajectory, we don’t expect a buyer’s market on the horizon within the next five years,”...
The pundits are chiming in on their housing expectations for next year, and the opinions revolve around one topic: Higher mortgage rates are changing things. Here are two experts who don't think the number of sales will change much: “As we look toward 2019, we are...
I snipped this Zillow forecast (above) in October, 2016. They expected La Jolla home values to go up 2.1% in 2017, which earned a 'Very Cold' label. The La Jolla ZHVI rose 7% in 2017, so their forecast was a tad conservative. The index has been dropping lately, but...
A year ago, I guessed our NSDCC sales would be down at least 5% in 2018, and it looks like it will be closer to -10%. While I'm confident that sellers will refuse to lower their price expectations much in 2019, I doubt that home buyers will just go along as they have...
