Hat tip to long-time reader Todd who we saw at the game last night - we did bug out early, but it was only to pick up Kayla at the airport. The Padres walked it off in the 11th inning! Meanwhile, people are wondering where the local real estate market is going to end...
Realtors are saying that the market is slowing, and Marc D. suggested that we define what that means: A slowing market is when fewer active listings are priced to sell. It is a result of..... Fewer buyers - Higher mortgage rates priced out some or most of the buyers...
This is the only other sale located on the Encinitas Ranch golf course that might be considered a comparable sale, but it's a completely different offering. The house has 5,200sf with pool on a half-acre lot - with no threat of golf balls hitting you while in the...
These people have been insisting for years that prices will be going down because of higher rates, foreclosures, forbearances, recession - you name it! Will fewer sales will cause higher or lower prices? The authors below say that lower sales volume will result in the...
Mike is one of the more level-headed analysts, probably due to the wealth of national data he processes. There will probably be a solid undercurrent of activity as evidenced in the graph above: Mike's tweet: Prices, meanwhile are still strong. 5 bidders instead of 50...
Good summary of today's market conditions by Nick: Link to Free...
Our new listing in NE Carlsbad with some commentary on market conditions:
Imagine the pricing quagmire we are in. The homes on the market today were priced according to comps from 1-4 months ago, which were the craziest-priced sales in the history of real estate. To make matters worse, sellers are naturally drawn to the highest-priced sales...
Even though real estate is local, the homebuyer psychology tends to be similar across the country - mostly because people are people, and have similar reactions to every variable. When they see mortgage rates go from 3% to 5.5% in less than six months, it's only...
The talking heads are saying that higher rates are slowing sales, and I say it's the lack of inventory. If higher rates were the cause, we would see more active listings piling up. This chart shows how the pendings have dropped off from last year - especially those in...
