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...
Jim’s Take on the Market
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...
Inventory Watch
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...
Happy Pope Day
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...
Today’s Home Sellers
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...
The Squeeze
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!