Sellers have not been moving as often, with a typical seller owning his/her home for 11.5 years before selling, the highest level in at least the last 38 years. The trend was especially obvious for older generations, as baby boomers typically owned their property for...
October sales in San Diego County were down 12% year-over-year, and the freefall should continue. While the experts will keep pointing to housing being not as affordable now that rates and prices are up (this article states that the median-priced San Diego home in...
The local birdcage liner has an article on price reductions, and mentions that San Diego leads the nation this year. This is how they introduced it: This isn’t a sign that the bottom is falling out of the market. Instead, after years of rapid price increases, experts...
Home sellers and agents will conveniently write off today's market sluggishness as typical year-end slowdown, and in 2019 they will simply do what they've always done - put a bloated list price on their real estate. You can't blame them - it's their chance to win...
A year ago, I guessed our NSDCC sales would be down at least 5% in 2018, and it looks like it will be closer to -10%. While I'm confident that sellers will refuse to lower their price expectations much in 2019, I doubt that home buyers will just go along as they have...
Is there a chance our home values could drop 20% to 30% like we saw in 2009? There aren't enough homeowners who will sell for today's market value. If prices drop, wouldn't there be fewer homeowners interested in selling? Probably - unless there was a panic. Who...
Wolf takes a linear view of the housing market on his blog, which doesn't always factor in the emotional components involved in the decision-making, which is fine. His content tends to be more on the alarmist, doomer side - like in this case where is his comparing...
Rich's latest report is out! The worrisome spike last month did flatten out, but it does make you wonder if we should adjust our sights. I agree with Rich that the months of active inventory will probably be rising from now on. But if the coastal market had 3 or...
How can sales and prices keep going? With more people arriving. SANDAG projects 1,000,000 more people will be living in the county by 2050, and this graph shows a surging wave of humans going through middle age: [OC] US Population Projections by age through 2060 from...
People are feeling a 'change' in the market, and wonder what will happen. The rapid escalation of prices has turned real estate into a rich man's game - and you need serious horsepower to participate! As the rest of North San Diego County's coastal housing market...
