We keep hearing about price reductions, but it's a miracle that the list pricing isn't worse! Consider: We've had a strong seller's market for 10-12 years - would we recognize anything else, let alone know what to do with it? There is no guidance or formula for...
There are many who insist that real estate will follow its historical trend, and I like to say ‘it’s different now’ just to irritate them. What are the things that are different? Every buyer has had to qualify for their mortgage and use a sizable down payment, the...
These are excerpts from Scott G's newsletter yesterday: The most recent migration headlines concern Silicon Valley. The narrative: It sucks and everyone is leaving. Venture capitalists who built their fortunes in the Valley say they’re "over" it. The Bay Area is...
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:
