At first glance you would think that the lower mortgage rates of 2019 have made NO difference in the market this year, compared to 2018. But if we didn't have rates in the 3s for most of this year, where would we be? We would have had a lot tougher time getting...
I went to the annual seat shuffle at Petco Park on Tuesday. It's the event where Padres season-ticket holders can see which seats have become available, and possibly switch to a better location. It reminded me of our local real estate market: The best locations are...
Our assistant Brittnie is a licensed realtor, and for months she has been working with a couple in search of the right entry-level home. Buyers at the low-end of every market have had no negotiating power for the last ten years, but some of the softness in our soft...
A positive forecast from our friends at JBREC: Our proprietary model using Google search trends shows a bottoming & re-acceleration in resale and new home sales growth YOY into year end. Lower mortgage rates, better affordability, and an easy comp vs. last year's...
I was talking to Nick yesterday about the current market conditions, and how home sale have been affected by the low mortgage rates recently. You can see in the graph above that over the last five years we've been accustomed to rates in the threes, so it seemed...
For those who didn't see this in our newsletter, here are my guesses on market conditions: A little better than usual for the rest of the year due to low mortgage rates. A little worse than usual next year due to political/election distractions. Would you like to...
The C.A.R. is forecasting +0.8% in sales, and +2.5% in median sales price for 2020, which is about as safe as it gets. Here is a comparison of how their forecasts have compared to the actual numbers recently: Category 2018 Forecast 2018 Actual 2019 Forecast 2019...
I noted on Instagram today that a couple of new listings in Carlsbad went pending before they got to broker preview today. While the sales and pricing statistics may look flat, sellers shouldn't give up on selling when rates are still in the 3s. These are the...
Yesterday, Yunnie said that he sees no sign of buyer optimism fading, to which I said 'just wait for the Case-Shiller Index (which should be the strongest of the year)'. CNBC posted the click bait above, which is shocking because they are usually so negative about...
Thinking about it, and actually moving are two different things, however. Around here, the annual turnover rate is 5% or less in most neighborhoods. Unless big changes are ahead?
