Let's try to predict what will happen in 2021! For fun, our reader The Old Man suggested we look back at the predictions for 2020. I had guessed that sales would drop 10%, with the NSDCC median price rising 2% to 3% - here's last year's blog post:...
Bill has his annual forecast on home prices here: https://www.calculatedriskblog.com/2020/12/question-8-for-2021-what-will-happen.html Here is a snapshot of the forecasts: (I was reading the previous chart wrong when I said that all were forecasting 7% to 10%...
Let's get started! If defaulters were pressured to pay or sell.....what metro areas would suffer most? Even in the worst cases, any additional inventory from defaulters will be drawn out over time because they don't want to move. It looks like the San Diego-Carlsbad...
I didn't see this until today - but the hotness sounds similar throughout SoCal: Katerina Krumwiede wasn’t looking to move. She and her husband, Rob, recently spent “well over” $100,000 on a complete remodel of their Encino house that added a backyard gazebo, custom...
After an insanely unpredictable real estate market in 2020, will our strong sellers' market continue in North San Diego County's Coastal region? Probably, but it should be more balanced. Mortgage rates around 3% (and under) will continue through at least the first...
An update from the agent on the new listing (now pending) in La Costa Oaks: 27 showings, 8 offers significantly over asking. It was crazy! So many buyers from the Bay Area! I had seven agents contact me for details about my sale that's pending across the street. ...
The headline for this article is California Loses Hundreds of Thousands of Residents in 2020: But it sounded...
Two weeks from today, the year 2020 will come to an end. We are heading into 2021 with a strong surge of buyer interest. In spite of the current active inventory being far less than it was in 2019, there are more than twice as many people looking at homes today. It...
While the Real Estate Frenzy of 2021 appears to be on its way, there are reasons why it could be muted, or not happen at all. Here are a few: Lack of Inventory: Our recent history of fewer homes for sale is likely to continue. It's not getting easier to move - and...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The average length of homeownership has been 10-12 years.....until now?!? Nearly half of Americans are considering a move to a new home Of those considering a move, more than 1 in 4 (27%) want to stay within their current...
