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...
Another indicator that the local market is holding up and sellers aren't desperate - an excerpt: Nahjla Wehbe Dipp, a Pacific Sotheby’s International Realty agent, said buyers seem more receptive to not overpricing their homes than a year ago. She said another reason...
Ty said yesterday, The thing I think you miss most or maybe overlook is how overleveraged the average person is. I do commercial real estate and routinely have access to small business owners financials. Equity rich in their homes but cash poor with credit card debt...
When to Buy A Home in San Diego
So you’ve heard that the market has slowed a bit, and you’re wondering, "Should I sell now, or wait it out?" If you don’t mind keeping your home forever, then fine, the value will probably go up in the long run. But if you’d rather get your hands on your tax-free...
