I'm not sure how the C.A.R prognosticators can look at these Y-o-Y numbers and still forecast higher sales for next year - unless they think the supply will inflate with thousands of desperate realtors having to sell their own homes? LINK The North County Coastal...
Our friend Rich Toscano has his latest San Diego housing analysis here: https://piggington.com/october_2017_housing_data In spite of record prices, the inventory has been setting recent lows: Yet, sales have been mostly better than every year since the Frenzy of 2013!...
If you look at the new homes being built around here, you'd think multi-generational living was the builders' primary target! LINK Donna Butts remembers one of the moments that sold her on the idea that there was a sustained rise in the number of multigenerational...
We are still six years from peak housing demand for the biggest age cohort ever: today's 26-year olds. Will we have enough homes in their price range? Will there be enough trickle-up effect to help fuel the higher-end markets?
In September, I touched on the Big Stagnation: https://www.bubbleinfo.com/2017/09/02/the-big-stagnation/ Just talking about the GOP tax changes could slow down the market. Because the N.A.R. and others are suggesting publicly that home values could drop 5% to...
This chart from real estate firm Point2Homes ranks cities by their "median multiple" — the median home price divided by median household income. Take Vancouver, which tops the unaffordability list and has a median home sale price 17.3 times higher than the median...
These responses point to a massive downsizing trend! From realtor.com: LINK It's all about millennials these days. Everything seems to center around these special snowflakes. But what about the original "me" generation? We're talking about baby boomers, of course....
My buyers and I have been pursuing a reasonably-priced CV home south of the 56 for at least the last 12 months, and the competition has been fierce. Most have multiple offers, and sell for over list price!
It might get so bad that we see an occasional flurry of supply! H/T daytrip: More than half of California voters say the state’s housing affordability crisis is so bad that they’ve considered moving, and 60 percent of the electorate supports rent control, according...
We saw this happen in Bressi Ranch when Jenae and Company went on their 100% financing spree. Her victims weren't deadbeats - instead, they had good credit scores and other assets, and they were just duped into the get-rich-quick scheme. When it didn't pan out, they...
