I've been sitting on this photo for about ten years so it's about time! The vice president and I have things in common. We were both born in Oakland and she got her start at the same place my grandfather did. Her law career began in 1990 at the Alameda County's...
The other real estate reality shows are so full of drama that they are barely watchable. While they do pack some drama into Ryan's new show, Owning Manhattan on Netflix, they mix in a few examples of him doing a masterful job of negotiating between agents and...
I was on a national sales call yesterday where agents from coast-to-coast were complaining about how bad their market is currently. I kept thinking, "It's nothing price won't fix!" Instead, the common fallacy that 'it just takes longer to sell a home' will prevail....
San Diego is already an affluent market, and with the extreme weather conditions now affecting the rest of the country year-round, we have to look like a fantastic upgrade to people who just came into some big money. From Leonard Steinberg, the Compass chief...
This is terrible news - nobody wants to leave! We need volunteers - homeowners, please contact me today in order to pick up your $2 million and be on your way! Greed is good!
The local market got off to a hot start in 2024 (January was hot - something to remember in 2025), so it follows that the selling season could conclude sooner than hoped. Let's use the data to help decide it. The NSDCC inventory peak of the year has been in mid-July...
It's natural to wonder what is going to happen next. Today's hot employment report squashed any hope for lower rates this summer. Home sales are waning. The realtor cartel is a mess. Yet, more listings are hitting the market at all-time high prices without any regard...
Earlier this year, I speculated that the market could endure - and probably snap up - additional inventory, as compared to last year. The 2023 inventory was like the Mohave Desert! It seemed that 10% to 15% more would be easily digested, and maybe even +20% or +25%....
None of the pricing metrics are great but at least they demonstrate the trends over time. These graphs above are showing the latest data, including last month, and it's all fairly positive....for now. With the extra inventory, buyers aren't going to pay crazy money...
Here's a snapshot of how fast the local market has changed. It went from a relatively-modest suburban area where 3/4s of the houses sold for less than a million dollars in 2003......to a very affluent market! NSDCC Detached-Homes Annual Sales True, the inflation rate...
