I have mentioned repeatedly that the buyer-agent is a dead man walking. All forces within the industry are combining to push the buyer-agent out of the equation, and home buyers will be worse off because they will only have faux representation when buying directly...
The local real estate market between La Jolla and Carlsbad has been fairly healthy lately, and feels in better shape than it did last year at this time when we were still getting over the initial shock or higher rates. How will the rest of this year turn out? The...
We're having another amazing month, and should get close to 150 sales! The pricing appears to be holding up nicely too (and more evidence that July's collection of lower-priced sales was an anomaly).
The graph above is another way to identify the local pricing trend. If it weren't for the surge of lower-end sales in July, the trend line this year would look all positive. It should mellow out over the rest of the year, and even if it flatlines, the market will be...
We are back to peak pricing! But it sure doesn't seem like a good time to sell your house, and as a result, most potential sellers will pack it in and wait until The Home-Selling Season of 2024. Is there anything wrong with waiting until next year? Mortgage rates...
An article published yesterday included some guesses about the future of the real estate market over the next five years. For those who thought it would be the usual expert opinions touting 3% appreciation per year, you won't be disappointed, though Larry did throw in...
This is what it feels like in Plateau City. It's a little bumpy but the pricing looks range-bound. Sales cool off towards the end of the year - even during the frenzy. Surprisingly, last month might end up being the best of the year for sales, and the market should...
Higher mortgage rates caused the San Diego Case-Shiller index to take a tumble last summer. The decline moderated towards the end of the year and bottomed in January. Since then, it went up 9.3%, which is pretty good appreciation for five months! July and August will...
From jbrec.com: We now monitor domestic migration trends in near real time, using postal address change forms that are current within a few months. This data has given us far more conviction in expressing a positive demand outlook on 15 markets and a more cautious...
My thoughts: Sales are holding up nicely here at the end of August - a time when the buyer pool could have, and should have been completely exhausted. With five business days to go plus late-reporters, we should see this month's closed sales get up to 160 or so and be...
