The number of active listings between La Jolla and Carlsbad is 24% higher than they were last year at this time, and the pendings are +27%, which indicates that the demand has been strong enough to pick up the additional supply. But it has to be at its limit, doesn't...
Bill is one of the few bloggers still around who comments daily on housing and the economy. Read his full article at his free substack here: https://open.substack.com/pub/calculatedrisk/p/watch-months-of-supply-76b He makes an interesting comparison between June and...
Are you thinking of downsizing but want to stay close to town? Check our new listing - I will be there for open house 12-2pm today: https://www.compass.com/listing/700-east-vista-way-vista-ca-92084/1704809465887958921/
The Fed came through yesterday and lowered their rate by 1/4%. It caused mortgage rates to come all the way back to....7%. This is probably as good as it will get for the next few months. The market feels fairly balanced currently, with some tilt towards a buyer's...
Most home sellers are reluctant to do much, if anything, to prepare their home for sale. The covid frenzy was very forgiving when buyers were desperate to buy anything at any price - which spoiled sellers (and agents) who were still able to sell homes for retail...
The Clear Cooperation Policy isn't going anywhere, at least not for now: The MLS Technology and Emerging Issues Advisory Board opted not to make a recommendation about CCP or take any other action. But they did turn over the feedback they received to the NAR...
NSDCC Monthly Detached-Home Sales, 2024 Last October, there were 140 NSDCC sales with a median sales price of $2,182,500 ($810/sf). This month's final count should be 160+ sales and a median sales price that's +10% above last October! Statistically, the political...
What would a frenzy of inventory look like? There has only been a 15% year-over-year increase in the number of homes for sale in 2024, which isn't that noticeable, especially to the casual observer. Plus, the top-quality homes still get swept off the market quickly,...
I thought the run-up to the election would cause potential home sellers to wait it out. Wouldn't it make sense to NOT list your home in the month or two before the most contentous election in history? Certainly home sellers would have foresight and believe that buyers...
San Diego Case-Shiller Index, August 2024 It is typical for pricing to be softer towards the end of the year. In 2023, the decline was limited to the last three months, but this year it started much earlier and the drop has already matched last year's total decline...
