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...
It's a bit sluggish around town and it will probably stay that way for the foreseeable future - and likely for years to come. Prices and rates are high, and the inventory keeps growing, which gives buyers hope that either the perfect house will come along and/or...
The market is 'slowing' and pretty soon we will all just be standing around wondering what happened. The underlying reason is that the new rules discourage agents from wanting to work with buyers. I just had one where my buyers offered $175,000 over the list price....
The March new listings in the San Diego metro area look good with our 12.7% being one of the lowest national increases year-over-year (above). But after a few months of this, the unsolds are starting to stack up: Buyers don't seem to mind, and for them it can only get...
Let's talk more about my two favorite topics this week: Be Bold and Forge Ahead, in spite of the distractions. Off-market sales. If you are a potential home buyer or seller who is chuckling to yourself about my lame attempt to instill some hope into the marketplace,...
