For those who are putting the finishing touches on their own 2018 forecast, here's how close the Zillow Group guesses have been: Local ZHVI-Appreciation Forecasts Town 2015 Forecast Actual 2016 Forecast Actual 2017 Forecast Actual 2018 Forecast Carlsbad +2.7% +4.8%...
JtR Predictions 2016 I guessed we would see 2016 sales drop by 5%. Instead, they went up 3%, and the median SP went up 6%! 2017 I guessed that we'd have 3,100 sales in 2017, and the median sales price would be $1,200,000. How's that is turning out? Year NSDCC Annual...
Let's also include the forecast from realtor.com, which is different than N.A.R. - the Murdoch forecast? If their mortgage rate forecast comes true, and the tax reform sends buyers scurrying, it could be be a tumultuous year! Home shoppers may have it easier in...
Some snips from the recent C.A.R. Housing Market Forecast. Our median sales price is close to the record set in May, 2006. But we know that around San Diego's North County Coastal region, most prices are well above their previous peak by at least 10% to 20%: Not...
Last year at this time we were in shock at the thought of what a Trump administration might mean for our real estate market - there was no telling what was going to happen! It's not a stretch to say that next year should be easier to predict! Factors to consider for...
The N.A.R. Annual Conference is wrapping up this weekend. Yunnie revealed the N.A.R. Forecast for next year: Existing-home sales will finish 2017 at a pace of 5.47 million, the best volume in 11 years, but only a scant 0.4 percent higher than last year’s 5.45...
The 2018 forecast from the California Association of Realtors is out, and they are towing the company line as usual. They expect the statewide sales to increase 1% and the California median sales price to rise 4.2% next year. How is San Diego County doing this year?...
The economists like the housing market, but they are known to play it safe. How about the consumers? I'd prefer to survey the active home buyers and sellers in our area to get the best reading on our future. But here are the sentiments of 1,079 American adults over...
Home values continue to climb, passing $200,000 in June for the first time ever. A panel of more than 100 real estate economists and experts expect that trend will continue – while they say, on average, that there’s a 52 percent probability of the next recession...
An excerpt from this article: http://www.latimes.com/business/la-fi-home-prices-20170725-story.html Home prices have now been rising for more than five years, the result of a growing economy, rock-bottom mortgage rates and a shortage of homes on the market....
