The Zillow folks offered up their forecast for the San Diego area. Below is the actual change in their home-value index for the 12 months ending in September, and then their forecast for 2016: Are we heading for flatsville? Let's see how they did last year. These...
This looks like a fairly safe forecast - I'll take the under. From HW: Goldman Sachs sent an email to clients advising that growth in residential investments through 2016 will be solid, though not as strong as they originally hoped. Plus, this growth will likely...
Bill Davidson told us a couple years back that we are out of dirt. More on that: http://ourcitysd.com/what-will-our-housing-market-look-like-in-20-years/ If you think San Diego’s housing market is strained and pricey now, what will it be like in 20 years? Yes, feel...
When there are so few companies doing any exhaustive research about the market - especially at the local level - realtors will take whatever they can get and pass it along to clients. In this case, that message will be positive. The full presentation here:...
This survey is dated 2014, and they should update it every year - or at least until I'm right about having a boomer liquidation sale coming down the pike! This survey asks several different questions, but notice how 20% to 30% of the responses seemed to divulge some...
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...
