For the first time in recent history - and probably the first time ever - the net migration out of California has not been offset by the international inflow. The number of people leaving the state is 3x what it was just 4+ years ago! But the state population is still...
Market Conditions
Price Reductions Already
The percentages are quite a bit higher this year. The title of the graph could be 'Sellers Who Are Having No Showings' because most are (overly) optimistic this early in the selling season and hold tight on price until later. Something must be rattling them - like no...
Money Walks
This website charts migration according to the IRS reports, based on incomes: https://www.howmoneywalks.com/irs-tax-migration/ Folks from wealthier counties love to come here because the real estate prices look so attractive. We're getting more affluent! Twice as much...
January Pendings
Yunnie is getting deep into cheerleader territory now by ignoring the 13th straight decline in the index and woeful 10% year-over-year drop in the west: The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 4.6 percent to...
Real Estate for the Older Crowd
According to the Realtors Confidence Index national survey, 89% of home sellers were at least 35 years old, and two-thirds were selling their primary residence: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Of those who bought a home, 72% were at least 35 years...
Tuesday Tidbits
Rob Dawg left this comment regarding the seniors who are aging-in-place: Wait until autonomous vehicles add another ten years. Self-driving cars have the potential to change everything about real estate: Seniors be able to stay in their home longer. Homebuyers could...
More on Aging-in-Place
Diana had a piece on seniors aging in place, and put some numbers on it: With more seniors than ever aging in place and choosing not to sell the family home, an estimated 1.6 million fewer properties are now available in a market already experiencing a critical...
Rich’s Latest
Rich's latest assortment of data and graphs are out: https://www.piggington.com/december_2019_housing_data_highest_monthsinventory_2011_prices_d Here's one graph that demonstrates the timing of the selling season: For sales to spike in March, it means buyers have been...
Jim in Business Insider in 2014
This was published on April, 2, 2014. The SD Case-Shiller is 28% higher today than it was then, and the trading hasn't thinned out much, at least not yet. We had 2,850 NSDCC sales in 2014, and 2,801 last year: Below is a Q&A with Jim Klinge, the head of San...
Hottest Housing Markets, 2019
San Diego has the highest percentage change expected in rents and income! Lowest on population growth and job openings per person? [button...