You could say that the market has extended some of the summer momentum - the counts above are similar to what they were in June! How can that be explained? Anyone who is spending five-figures every month on their business is paying attention to every detail. Don't...
Even though there were 28 sales closed in the last week, the pendings count went UP! There are still deals happening this close to Election Day. Here's how the active listings compare to the same week last year: Fairly similar numbers to those in October, 2023! But...
The number of pendings should drop off after today (the last day of the month has the most closings). The Under-$1,500,000 should be where the action is the hottest, but for the last three weeks, there have been 30+ actives listings in that category. It's the first...
Statistics are quirky - there are always things that happen that defy explanation. Look at the uptick in inventory in today's reading, and note that the same thing happened last year! The number of pending listings has been riding above last year's pendings count,...
There is more talk about the Fed cutting a half-point on Wednesday. If they only drop 1/4%, mortgage rates will probably rise because at least that much is already priced in today. It won't mean much for the long-time active listings unless they lower their price. Of...
? What's the slogan for Realtor.com? The website realtors trust? Yeah, haha.....who are you again? Realtor.com is the source for some wrong statistics picked up by Fox/KUSI news. The August YoY change in inventory for San Diego County is +31% for all property types,...
The lowest mortgage rates since early 2023 might keep buyers in the hunt a little longer than usual! Will they accept the current pricing, or will they insist on grinding lower? We can get a feel by examining those listings that have been marked pending this month....
There are 170 listings that have been marked as closed sales for August (there were 198 sales in August, 2023) and the pendings count is higher than at the same time last year! This is the time of year when many sellers/listing agents give up and cancel, withdraw, or...
It's almost September so we can say that the active inventory has peaked by now. There were over 500 listings briefly in July but today it's down to 477 and should taper off from here. The pendings are on a three-week winning streak! The most surprising data point is...
An interesting uptick in the pendings count. It was probably from a few longer negotiations during the wild two-day drop in mortgage rates to around 6%. By the time the Fed gets around to lowering their rate, it will all be priced in and there probably won't be much...
