Of course the current conditions look worse when comparing to the hottest real estate market ever. Having bidding wars on 21% of homes for sale sounds great to me. The discouraging part about Bill's post today is how the realtors have bought into the negativity. This...
I've been hoping for 100+ sales per month the rest of the way this year. Currently, the October count is 108, so it should get up to around 120 sales by mid-November. Here are the monthly sales and pricing for 2022: NSDCC Detached-Home Monthly Sales & Pricing,...
Bill has been following the inventory in different markets, and San Diego is faring much better than other areas. He is showing a 23.8% drop in new listings YoY, but last year was the record low. Look at the previous years: September New Listings, San Diego County...
I tell potential home buyers to keep looking because you never know when you will find the right house - which is the most important part of the equation. Most will convince themselves that it will be easier to find the right house if prices came down, and besides,...
The number of NSDCC detached-home sales in September is up to 133 today, which is pretty good. There are only 138 pendings currently, but 34 sales have already closed in October so there is a decent chance that we'll have 100+ sales this month too! The...
Housing Bubble Set to Pop By John Burns In 2013, fresh off the biggest housing downturn in their lifetimes, 73 housing industry executives compiled the Top 10 Signs of a Housing Market Bubble at our Summit Conference in Laguna Beach, CA. Assessing the criteria that we...
If mortgage rates around 7% weren't bad enough, today we are experiencing another major setback to the San Diego real estate market. Florida has been one of the main destination points for those moving away from here. How many people who were planning to leave San...
Pete has been trying to disrupt the real-estate-selling business for years, but here it seems like he is giving up on replacing realtors and is acknowledging the American tradition: This type of “classic” residential home ownership is likely not dying. 65% of families...
Here we go again with the click bait on the front page of the local birdcage liner. They also used a photo of the most prime real estate in the county, insinuating that a slump is underway there? Link here for the full article, and this is an excerpt: San Diego...
Are you waiting to buy a home until you can get a sizable discount? Is it because you know a guy who will give you a deal on any home improvements needed; you've got your eye on some new appliances down at the scratch-and-dent outlet; and you were thinking about going...
