From the U-T: San Diego County has very little chance of a big housing downturn but also isn’t exactly the most secure market in the nation, according to a new report. Out of 580 counties, San Diego County was the No. 180 most likely to experience a downturn, said a...
Another good way to anticipate the market trends is to check the direction of the SP:LP ratio: NSDCC Monthly Sales and SP:LP Ratio Month # of Sales Median LP Median SP SP:LP Jan 2022 149 $2,099,999 $2,200,000 105% Feb 169 $2,099,999 $2,300,000 110% Mar 219 $2,384,000...
The blip in active listings over the last week isn't too concerning and could just be from the weather. The count of active listings is a good indicator of the demand though. During the mega-frenzy conditions from late-2020 through early-2022, you can see that the new...
It’s a new year and many, including Zillow economists, are optimistic. After a year in which almost half of agents reported selling one home or less, optimism is a valuable tool. To that end, there are a few major macroeconomic tailwinds that might fuel the early...
La Costa Valley (1,073 single-family homes) Annual Sales: The new rule about getting profits tax-free went into effect in 1997, and it motivated people to move! The sales history of this house is an example of how it used to be - make a little money and be on your...
There have only been 83 NSDCC sales recorded in December, 2023, which means we may not make it to 100 closings. January isn't looking too good either, and from what I can find, we've never had less than 100 monthly sales, let alone in back-to-back months. But it's...
Mortgage rates have come down 1% in the last few weeks, and the casual observers are hoping it means that the Big Turnaround will commence in the Spring of 2024. But for a full-fledged frenzy to break out, home prices would have to drop too. We'll never learn much...
Having 2,218 new detached and attached listings in a county of 3.3 million people is anemic. There were 4,198 new listings in October, 2019. But it doesn't look like we need any more - those on the market aren't selling like before. In fact, the unsolds are starting...
Currently buyers are having to pay 2x or 3x the previous bill for homeowners insurance, due to the lack of options because the big insurance companies have stopped writing policies in California. Some are blaming climate change, and guys like Carl Demaio are blaming...
