How can we gauge how the market is doing? Each blog post here has at least one category, including 'How Hot' - which hasn't been touched since 2017, so no new revelations there. Let's take a quick look at the January listings to use as our gauge. Of the 126 NSDCC new...
The N.A.R. Chief Economist Lawrence Yun was befuddled in his previous press release, and now this: “Home prices keep chugging along at a pace that is not sustainable in the long run,” Yun said. “Current demand levels indicate sales should be stronger, but it’s clear...
We are used to headline porn, but this one sounds startling - are we having a Severe Housing Drought? http://www.cnbc.com/2017/03/23/this-is-whats-behind-the-severe-housing-drought.html In the article, she says that nationally we have the fewest homes for sale than at...
How long can the hot market continue? It's up to the sellers. If they are willing to sell for what the market will bear, we'll keep rolling because there are lots of people who want to buy a house - it's just a matter of price. If the auction format gets more...
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 intensity of the frenzy is determined by inventory - which grew this week, signaling some slow down in the market: The UNDER-$1,200,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF April 29 201 $384/sf 36 2,599sf May 5 195 $381/sf 36 2,633sf May 9 207...
Now that it appears the market has bottomed, we'll see claims of how much better we're doing. Take them with a grain of salt, because results may vary! In the low-to-mid-range areas, you can probably tack on another 5%-10% since the fourth quarter of 2012 as well:...
We are going to hear the word "bubble" applied to the real estate environment for years - and maybe forever. At this link is CNBC's Downer Diana cracking on the market, and on the other side, this developer expresses why he thinks we're not in bubble danger: Watch the...
While the whole NSDCC market feels like it is cooking, the inventory shortage and resulting dash to tie up properties is restricted to the lower end of each area. We've considered a 2:1 ratio of active listings to pendings to be a fairly normal market, and the...
The overall SD County market looks hot with 52% of new listings finding a buyer within 2-4 weeks, but how about the tonier North SD County coastal region? The year-to-date numbers look similar to the county's stats we saw in the last post, rather ho-hum: NSDCC...
