Compass agent Ben Faber started a discussion: JtR: If you find a halfway-decent home, it will probably be in the first seven days it’s been on the market. It’s when the listing agent goes into full defensive mode and all communication turns vague because they are so...
Jim’s Take on the Market
Price Cuts?
Everyone is wondering if home prices are going to come down, so the mainstream media is happy to juice the conversation with a sexy headline - which, if you are a casual reader, will make you think that lower prices are on the way. Then they throw in a quote from a...
Jim and Donna
View this post on Instagram A post shared by Klinge Realty Group @ Compass (@klingerealtygroup) This is my best attempt at the polished, professonal content....
Price Reductions
These were my notes that expand on the previous blog post. This is the Market Lull. It’ll go for at least another month or two and for many it might last until January. Hardly anyone knows what to do. Buyers don’t mind waiting longer - they keep hoping that something...
Leaving the MLS
Howard Hanna Real Estate Services is the largest family-owned-and-operated real estate brokerage in the United States with 15,000+ agents and staff in 471 offices. (Compass has 33,000+ agents and 400+ offices). Their owner feels the same way about the Clear...
Big & Beautiful
Everything went our way - except the higher mortgage rates. The House of Representatives early this morning passed the One Big Beautiful Bill Act that delivers significant wins for the real estate sector, reinforcing tax provisions long championed by the National...
NSDCC May Sales vs 2024
Between the tariff calamity that is still a long way from being resolved and Jamie Dimon calling the markets complacent, you would think that The Big Wait would come naturally and home sales would be slowing considerably. In addition, most homes for sale aren't...
Cost of Convenience
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...
From #1 to Flat City
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...
Real Estate Downturn?
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...