This is the Deputy Chief Economist at Freddie Mac: It is incredible to see the trend change in every category around 2016 - as if there was a societal shift that gave permission to get back in the game. Maybe that's when the Bank of Mom and Dad kicked in, and their...
Of all the other choices over the last 40 years, I'll take the last four years as my favorite trend line! Thornberg has been the most level-headed analyst since the bust: The annals of postwar Southern California real estate history are full of boom-and-bust cycles,...
There are times when the general market is in a funk and homes aren't selling - when it's easy to think, "Oh this is it, we're cooked". There are also times when the market erupts, and a series of homes that have been languishing for months and/or homes that appear...
We have a fundamental problem in the housing market - how it works today. New listings are distributed within minutes these days, and waiting buyers are on the edge of their seat. Those who were already frustrated with high prices, higher rates, and coming soons want...
Corelogic reported September sales yesterday, and Doom-Doom Diana rejoiced. She wrote an article with the headline 'Southern California suffers its worst housing slump in over a decade', and reported that sales were down 18%. Then she tweeted the article with the...
I only put this on here because I want you to learn with me, side-by-side. I spent a couple of bucks on a Facebook ad, and got 812 clicks. Buyers are interested! There is a demand right below the surface, and a property that looks under market will get hundreds of...
I'm standing way too close to the camera here. Do yourself a favor - put your device down, and stand on the other side of the room when watching this: https://www.zillow.com/homedetails/7516-Brava-St-Carlsbad-CA-92009/16677014_zpid/...
Now that the media is trumpeting a slower housing market every day, you'd think there might be more sellers hitting the panic button and listing their house for sale this year, rather than wait for the Glut of 2019. But this week, the number of new listings dropped...
Did you know that our Homeowners' Bill of Rights expired? Don't worry - the state legislature has a new bill in place to reinstate many of the old provisions: [button link="http://journal.firsttuesday.us/californias-homeowner-bill-of-rights-is-back/65586/"...
Our NSDCC sales in May and June were down 20% each, but then we bounced back in July and August to match the sales from 2017. But the sales last month were disappointing (down 20% again): NSDCC September Sales Year # of Sales Avg $$/sf Median SP Median DOM 2013 263...
