The California Association of Realtors published their 2016 Forecast last week, and it's a whopper - 131 pages (scroll down to bottom of page for full report). Here are the highlights: San Diego County prices and sales are positive, which is a healthy sign. The...
A big shout out to the commenters on Thursday's 10th Anniversary Show - your involvement is appreciated! Rob Dawg suggested that the next ten years will be more interesting - indeed! What about the next ten years? Let's start with identifying where buyers are today -...
This is what you get when a college professor looks at today's real estate market - faulty assumptions. 1) The graph he included shows the two years (2012-2013) of rapid appreciation; and 2) the building-permit numbers are skewed by the lack of land available, plus...
My thoughts on interpreting last month's sales count, and the future:
This article is talking about Oakland, California, but these conditions exist up and down the coast. Thornberg has been one of the more level-headed bubble analysts: http://ww2.kqed.org/news/2015/02/18/is-the-bay-area-in-a-bubble-and-will-it-burst An excerpt: “This...
The ivory-tower opinion below is blaming speculators for a mini-bubble, but around here I'd say that over 90% of the home sales were regular, organic real estate transactions in 2013. Prices may fall in the coming months (slightly), and if they do, it will be because...
Here's why I think we're going to get off to a fast start in 2015: 1. Mortgage rates are LOW! We've seen previously how sub-4% rates have energized the demand. Now that rates have been in the 3s for a number of weeks, the word is getting out. 2. Inventory is picked...
Bubbleinfo.com was down for a while this morning. This blog is hosted in Germany, and my main WordPress guy is in Ireland - the internet is an international market! We had changed from BlueHost to MediaLayer, and since then I haven't noticed any problems with the...
Today's GDP report should make a few people giddy, but this guy is way ahead: Next year is going to be a great one for real estate, two pros in the sector told CNBC on Monday. For broker Fred Glick, it's all about jobs, oil prices and interest rates, which translate...
I think this is the first time we've heard from the chief economist of realtor.com, so glad they are trying to at least stay even with Zillow in the sound bite department. From the UT:...
