There have been several sound bites lately about the prognosticator who called the last bubble - and at first glance, the headlines want you to think that she is calling the top again. But she's not - all she said was that housing production is going full steam - an...
The association is predicting that home sales in California will drop next year, but has a typical guess for the statewide median sales price - expecting a 5.2% rise in 2022: 2022 Their predictions for this year were terrible - they thought pricing would go nearly...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Speaking of Zillow, they also said in this June article that San Diego home prices would rise 24.7% by May. How are we doing? There has never been a great measuring stick for home prices, but let's look at the most common ones:...
This company surveys new-home and resale agents every month, and this report confirms more of what we've been experiencing: A few more listings (but NSDCC listings are dropping off now). More listings not selling/buyers getting pickier. Buyer traffic is steady, and...
My favorite pet peeve of the media insisting that 'home prices' and market conditions are interchangeable with the direction of the median-sales-price made the front page of the newspaper today....
The NSDCC Monthly Sales were hopped up in April and June of this year, but are now getting back in line with previous years. Is the demand 'cooling off', or is it because we don't have enough homes for sale? NSDCC Listings & Sales Year June Listings July Listings...
Great thoughts from Ryan at www.sacramentoappraisalblog.com: Now let’s talk about slowing. I’ve had a number of emails lately critiquing my use of the word “slowing,” so I wanted to talk about this openly. I hope that’s cool. If this isn’t your thing, just scroll...
Yesterday, Derrick discussed the macro-economic forces that will affect real estate for years to come:
Mike thought the inventory was going to peak by now, but notes that the number of national listings is still growing. He also says that sales are strong too, which might suggest that we could have a late rally in spite of the delta variant. If buyers have more...
It's one thing to note that showings are well under the peak frenzy era of August-November. But today's showings are also well below what they were in July 2019, which was a fairly flat market then. Is the demand falling apart? Or is it due to lower inventory? Let's...
