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...
Of all the other choices over the last 40 years, I'll take the last four years as my favorite trend line! Thornberg has been the most level-headed analyst since the bust: The annals of postwar Southern California real estate history are full of boom-and-bust cycles,...
The California Association of Realtors has released their 2019 forecast (above). Their projections haven't been that close, which means their guess of 3.3% fewer sales should end up being -5% to -8%. The pricing statistics should keep rising though, due to buyers...
The California Association of Realtors predicted that statewide sales in 2018 would increase 1%, and the California median sales price would rise 4.2%. My guess was for the San Diego County detached-home sales to drop 5%, and the median sales price to rise 5% in 2018....
For those who wonder what has been propelling the housing market lately, let's note that people keep moving here - an average of 1,500 per year moved to Carlsbad over the last nine years! The City of Carlsbad shows the current population to be between 110,000 and...
The NSDCC Pendings by price range vs last week: Price Range # of Pendings Last Week # of Pendings This Week % change Under $1.0M 62 61 -1.6% $1.0M to $1.5M 129 125 -3% $1.5M to $2.0M 64 52 -19% Over $2.0M 65 72 +11% Wow, the Over-$2.0M market is on fire! The total...
We're going to be fed a solid diet of ivory-tower analyses from now on, because when you look at the history, it sure seems like home prices are due to come down. What these authors fail to consider is how the Bank of Mom and Dad has made the current pseudo-bubble...
After getting LeBron, I couldn't go a whole week without a reference to the soon-to-be World Champion Los Angeles Lakers! But seriously, the frenzy is over. As the year got started, there was a weird phenomenon where the hotter listings were getting shown the first...
