He's not just passing through - Mark Wahlberg is setting up shop in South O: View this post on Instagram A post shared by Mark Wahlberg (@markwahlberg)
South Oceanside Exploding Now
read more
Jim’s Take on the Market
Six-Months Supply of Inventory
We've heard of the metric that measures the supply and demand in residential real estate sales. Lance called it the key housing metric going into 2025, but he is suspicious of its accuracy: A rule of thumb in real estate is that anything below a 6-month supply of...
More Sales To Follow?
If there is a surge of inventory next year, will sales increase too? Yes, probably. There have been 6% more sales this year. Oh - but there were 15% more listings. Hmmm it sounds like not every seller gets out. We could be set up for an old-fashioned price war, where...
Inventory Surge in 2025?
There are several reasons why I think the local inventory will surge in 2025. It will be due to several causes contributing more houses for sale, and all combined it may look like a flood in some areas. Been Trending That Way in 2024 - The inventory this year has been...
Open-House Report
The activity this weekend was about what I expected for the middle of October, 2024. Happy to report that the political circus has been less of a distraction recently, and hopefully the real estate market will feel a bit of a boost from those who are motivated to move...
Buyer-Agent Commissions Paid, Second Month
For two months we've been settling in with the new arrangements for paying the buyer-agents. I haven't heard of any buyers yet who got stuck having to pay their buyer-agent because the seller refused to pay. Undoubtably, there are buyer-agents who were paid a partial...
All Steady Now, But….
? The political circus hasn't caused the Big Distraction to our local marketplace like I thought. The pendings and sales have been rolling along and it doesn't feel any softer than it usually does this time of year. The fourth quarter will most likely be similar to...
Some Day The Surge Will Come
Another believer in the lock-in effect. The drop in percentages is 8.5% over two years, which sounds like a full-blown liquidation event if you ask me. These are national stats so those in the more-reasonably priced areas and/or areas that didn't appreciate much...
Make Me Sell
Last week I received a call from the Compass Chief of Staff to President of Growth & Communications. His job was to notify all of the Compass agents who published something about our new program that took the same name as the now-defunct program at Zillow. Does...
Rough and Tumble
The NAR Clear Cooperation Policy states that every listing must be inputted into the MLS within one business day after it is advertised publicly. The idea is to ensure that every agent has a chance to sell it. Our boss is leading the effort to end the CCP (see above)....
