This collection of opinions has more reach - and more influence - than those of any part-time blogger. Thankfully, these experts are split on whether the alleged slowdown is temporary, so readers will just be on their merry way in hopes that it will all work out....
NSDCC Detached-Home Sales Jan 1 to June 30: Year Number of Closed Sales Median Sales Price Median Days on Market 2013 1,670 $919,950 21 2014 1,430 $1,020,000 24 2015 1,560 $1,120,000 23 2016 1,526 $1,150,000 24 2017 1,595 $1,225,000 19 2018 1,420 $1,325,000 17 2019...
We were talking with some friends last night about how much financial support is going towards kids, and how it will affect real estate in the future. On one hand, it's the Bank of Mom and Dad, and helping to keep the market afloat when funding home purchases at these...
Is he saying to get off the couch and move? “Since last year, several forces have helped increase the market potential for existing-home sales,” said Fleming. “House-buying power, driven by falling mortgage rates and rising household income, contributed to a gain of...
One of the more vocal doomers is at it again. Here's a link to an article from 2014 when he thought the sky was falling: https://www.marketwatch.com/story/this-house-market-is-falling-apart-2014-08-26 Today's version - an excerpt: There are growing signs that U.S....
The market usually feels some impact this time of year from the graduation season, and it's understandable. People who have kids, or anybody who is related to people with kids in eighth grade, twelfth grade or seniors in college will be distracted for a few days. And...
The numbers are going to bounce around, so can we agree on two things? A. Variances of 1%-3% are natural. B. National stats don't mean anything to you and me. Let's keep it local! Here are the San Diego North Coastal 3-month-moving averages on pendings: Two big YoY...
Buyers are engaged - it looks like about 6% of adults are looking for a home, which is the same as last year. Glad to see the seniors on the move too: Many people start thinking about a home purchase well in advance of actually engaging in the process of finding a...
Here's a visual comparison of last year's counts of NSDCC weekly active and pending listings, and how we are doing this year. Mortgage rates had bumped up from 4.47% in April to 4.83% in October, but the inventory kept growing too, which didn't help. The pendings are...
Doesn't it feel like we're in another bubble? Home prices have been on a tear for ten years straight, and are at their highest levels ever. Is this bubble going to pop too? Let's look at the statistics first. I took the most recent 45 days to get the latest scoop,...
