Should buyers wait a while to see what happens to the housing market? Are we just seeing the usual end-of-selling-season malaise when where all of the motivated sellers have succeeded, and just the OPTs are stacking up? Or has the market shifted.....for good? Is this...
So you've heard that the market is a little uncertain right now, and you're wondering if you should just wait a year or two before selling your residence. If you don't mind keeping the home forever, then fine, the value will probably go up in the long run. But if...
I mentioned that Lawrence Yun should talk to some realtors because he could do a better job explaining the dynamics about the inventory. He keeps saying that there is an inventory shortage, but the number of houses for sale between Carlsbad and La Jolla today is at...
Who is selling? Over the last few years we've seen that most home sellers are the long-time owners, and that trend is continuing. On the left are the years when the sellers purchased the home they sold between July 26 and August 3rd of this year: Year Purchased...
Here is some data to help calibrate the slowdown fears. These NSDCC detached-home inventory counts are from the first week of April, and the last week of July, plus a look at the closed sales for the first seven months of the year: Year April Inventory July Inventory...
Pricing around San Diego slows down towards the end of the year - this isn't the first time, though we are starting earlier than ever. Combine the all-time-high pricing with higher mortgage rates and the cost of housing has gone up 17% this year alone, according to a...
Should we be discussing this in front of everyone? YES! Let's deal with reality - we can handle the truth! Sellers who need to sell can adjust, if needed. Buyers looking for a better deal will stay engaged. New agents (since 2009) will build new skills. Here are...
We might be seeing some whipsaw effect with today's buyers being overly cautious. Either that, or we've ran out of the buyers who jump in too fast or too high, and just the deliberate ones are left: Millennials aren’t exactly jumping for joy after purchasing their...
It's just a matter of whether it will be a trickle or a flood: The preference for baby boomers to age in place has been blamed in part for lower homeownership rates among millennials, who have been forced to compete for a smaller slice of available properties on the...
How fast are houses selling between La Jolla and Carlsbad this year? Number of Days On Market Number of Houses Sold Percent of Total 0-14 days 719 47% 15-30 278 18% 31-45 153 10% 46-60 97 6% 61-75 73 5% 76-90 44 3% 91+ 180 12% We may be selling fewer homes, but they...
