Part of this story is how the buyer-agent compensation played a role in the outcome. It is a sore subject that I detest - the agents should not be a party to the transaction, but because of the botched lawsuit by NAR, the commission rate not only varies, but the...
Do you remember that stretch in 2023 when the San Diego-Chula Vista-Carlsbad metro area had the best appreciation in the country? It wasn't that long ago! Look how it's changed since: Widespread housing market softening49 of the nation's 50 largest metro area...
Hey Jim - you've been around. Tell us stories about previous downturns! You don't see them coming because they usually arrive without notice, and they tend to sneak up on you! After a few weeks of nothing, everyone starts to realize that the buyers have dried up. But...
It looks like the tariff distractions might be behind us? The number of pendings increased for the second week in a row, and the number of active listings actually declined! It might just be a break for Mother's Day though, and there should be a steady increase of...
It's been well-documented here what a lucky guy I am, and here's another. In 2016, Natalie was studying abroad in Florence, and we went to visit. Kayla had done her study abroad in Rome five years earlier, but we didn't visit then. So we started our tour in Rome so...
According to Opendoor’s new First-Time Home Seller Report, the COVID-era buying spree is not only over, it is biting back. The low-interest rate buying frenzy in 2020 and newfound flexibility with remote work led to a wave of regret - 79% of first-time home sellers...
https://youtube.com/shorts/0b3eDa1foe0?si=0kFSgkj34rHobI6J It's easy for sellers to miss these days! Just because you have comps doesn't mean you're going to sell. Adjust on the fly!
There is a lot of hubbub about the 'market' being sluggish and I've documented how the inventory of unsold homes keeps rising. Especially on the higher-end. But let's focus on what has been working, shall we? Above is the list of our listings that have closed escrow...
It's a bit sluggish around town and it will probably stay that way for the foreseeable future - and likely for years to come. Prices and rates are high, and the inventory keeps growing, which gives buyers hope that either the perfect house will come along and/or...
