With our tight inventory and ultra-low mortgage rates, it kinda feels like Tesla stock. One minute you're in the $800s, and the next thing you know, the same house is in the $900s! What can buyers do? Buy location. Don't buy crap. Simple enough, right? But it's hard...
More evidence of the local listing count plunging....and seller price expectations rising! The top 20 toughest housing markets includes a diverse geographic mix of larger established metros and up-and-comers where housing is still relatively affordable. They are...
Last Wednesday I was discussing the current market conditions with Candis while at her listing of a Davidson home on Calle Pera - which we both thought was priced right and should be selling in spite of it being on the market for 50 days. I mentioned to her that it...
Homes that are walking distance to excellent schools and/or a retail center (with a Starbucks) will probably do fine - even if they need a little work. Homes out in the boondocks will have more of a struggle. From the UT: In a recent column by the Union-Tribune’s...
The severe shortage of homes for sale is upending the sales calendar for the whole housing market. Spring has historically been the busiest buying season, but as competition for homes heats up across the country, January is the new April. Spring starts now. The...
I just had the best decade of my life! It didn't start out that way, though. We trudged into 2010 trying to survive a dreary, depressed real estate market. But thanks to Ben Bernanke, who engineered the greatest soft landing in history, the rules were changed and...
Last year, I guessed that our NSDCC sales would drop 20% due to high mortgage rates, and pricing would stay about the same. Rates dropped instead, and both sales and pricing stayed about the same as the previous year. In 2020, I think we will see sales drop 10%, just...
Above you can see how our market compares to others, and below is the history of our 'months of supply'. I said in the video yesterday that I thought the NSDCC sales in 2020 will be down 10% year-over-year mostly because there aren't enough reasonably-priced homes to...
These guys don't release their local forecasts: Home prices increased on an annual basis by 3.5 percent in October according to CoreLogic's Home Price Index (HPI). The index rose 0.2 percent from the previous month. The rate of increase in home prices appears to...
Nearly 80% of those homeowners with a mortgage are spending less than 35% of their income on housing costs? That sounds like a solid, secure market. Renters should talk to their parents or grandparents about early distribution of their estate: American homeowners...
