Everyone is wondering if home prices are going to come down, so the mainstream media is happy to juice the conversation with a sexy headline - which, if you are a casual reader, will make you think that lower prices are on the way. Then they throw in a quote from a...
Usually Donna writes the introduction to our newsletter, but I took a stab at it today: Hi, Jim here! I've been asked to describe the current market conditions as we enter summer. Our local market is defying the usual labels. If it were a pure buyer's market, then...
It doesn't matter if these apply to your market or if there is any truth to them. People are reading these on twitter, and it's natural for buyers and sellers to wait. Buyers: Don't buy the wrong house. Stay engaged and see if you get lucky!
Bill's charts give us a good feel for the San Diego market. Sales are doing great - April sales were better than last year: The new listings are in check too. About the same as last April: But here's the problem. The supply is overwhelming the demand: The number of...
The tariff talk is settling down, the stock market looks fully recovered, we got a new pope, and the President is getting a new airplane. Can we get back to selling homes now? Usually we consider a 'healthy' market to have a ratio of 2:1 actives-to-pendings. Above is...
With the unsold listings piling up everywhere, I went to check the stale factor (above) and was surprised to see that the ratio of the active listings on the market for 15+ days was actually lower than it was previously. It must mean that there has been a flurry of...
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...
After three weeks of uncertainty, buyers emerged at the end of April: https://www.compass.com/listing/4949-san-jacinto-circle-west-fallbrook-ca-92028/1801067495862896353/
Can we find some positivity in today's market? Are we about to turn the corner? There is enough doom out there that even our head cheerleader is grumpy. But there are reasons to be hopeful. The tariff talk seems to be settling down, and Trump should start making...
The world was rocked by tariff talk on April 2nd. The number of actives and pendings were already fighting to stay in line with last year, but look at the changes that began in April. Has the selling season ended prematurely, and it will feel like the off-season for...
