Zillow came out with their Hottest Housing Markets of 2016, and San Diego didn't make the list: http://www.zillow.com/blog/hottest-markets-2016-190331/ They based their 'hotness' on a combination of employment, recent income growth, and the expected increase in the...
Forecasts
Price Increases to Slow
A forecast of 2% to 3% price appreciation for SD in 2016. From HW: http://www.housingwire.com/articles/35996-is-the-west-coast-about-to-finally-witness-a-slowdown An excerpt: “The West, which has largely outpaced the rest of the nation in terms of growth in the last...
NSDCC Sales in 2016
There will still be late-reporters, but let's review the annual NSDCC sales. Year NSDCC Annual Sales Median Sales Price 2012 3,154 $830,000 2013 3,218 $952,250 2014 2,849 $1,025,000 2015 3,011 $1,095,000 What can we expect for sales this year? Rates have dropped back...
2015 Wrap Up
This year will be over in hours! How did we do? The San Diego Case-Shiller Index is 6.2% higher than it was 12 months ago (October to October readings), which beats just about everyone's expectations. But the tony north-coastal region (La Jolla to Carlsbad) had...
Zillow San Diego Forecast 2016
Most national forecasts are predicting a 3% to 4% appreciation rate for 2016, which has to be a safe bet. If it comes in anywhere from -2% to +8%, you can say that you were close. Zillow has enough algorithms that they are willing to make predictions for each local...
2016 Starts Now
Zillow is already one of the primary real estate portals for consumers. Though there are rumblings from realtors about mounting a challenge, it's unlikely that anything will topple the Z-brand in the short-term. As a result, we increased our Zillow advertising this...
Zillow 2016 Predictions
The Z Group is probably smart to talk in generalities and just spew the usual stuff about next year - higher prices, tight inventory, and less affordability. They even dropped a 'priced out completely' about those in the bottom-third-of-incomes category. One thing...
Higher Rates and Home Prices
The impact on mortgage rates from yesterday's Fed move was priced in already, and it's doubtful we will see any short-term change in our local real estate market conditions. But the Fed also indicated that they intend to 'gradually' raise their target range for the...
NSDCC 1Q16 Forecast
After the last couple of years being fairly steady, it would be easy to expect more of the same in 2016 - tight inventory creating a seller's market, especially for the superior properties. Let's at least examine how 2015 is winding down (now that Christmas is two...
2016 Housing Demand
The folks at Trulia sent over their 2016 housing predictions: http://www.trulia.com/blog/trends/2016-housing-predictions/ They had the Harris Poll conduct surveys to assist with the research. The responses from renters were the most interesting. It appears that the...