We know that 80% of readers don't go past the headlines, so the UT is challenging their customers lately to figure out the direction of the real estate market. These are their headlines from the past two days: I have reached out to the author previously, but no...
It looks like the San Diego market is surviving the current conditions quite well, while the rest of the country is being crushed by soaring inventory. The Californians must be staying home, and those feeder towns are suffering! Any town that has a +50% increase...
Wondering how the local market can survive higher mortgage rates? It starts with the cash buyers laying the foundation of comparable sales, and financed buyers deciding if they can keep up. Thanks to Julie Chang for posting this data - her thread of comments here:
Actives = green, Pendings = blue Last week, a reader suggested that we highlight the Under-$3,000,000 market. It is astonishing that in an area of 300,000 people, there are fewer than 100 houses for sale priced under $3,000,000 (and none under $1,195,000). Our...
It was the most insane frenzy ever, and it was the most intense at the beginning of last year as inventory started to thin out. Compared to that environment, I think these stats look pretty good: NSDCC Monthly Sales and Pricing Down 5% to 10% YoY, and on the rise? ...
How bad could it get? What else could happen? The market could deteriorate into a cash-only environment, where the buyers and sellers who can avoid mortgages altogether are the only players left. If mortgage rates get into the 7s and 8s, the temptation for financed...
Jessie says we are in the top 3% of local realtors, which means she is counting 16,000+ agents in the county. She doesn't include out-of-area or off-market sales, and because we made it into the Compass Top 50, we're hoping it might mean we're a little higher. Stay...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. Most areas look healthy (ratio of 2:1 or better), and those in red have very similar to numbers to last spring which was probably...
The critical point in this video is when the second seller dropped 7% to make the sale after just three weeks on the market......even though that was 10% under the last sale that backed to power lines. This is what can happen. Did they have bills to pay? Did the agent...
This is the house that received THIRTY offers last month. My thoughts: The supply of houses priced under $700,000 is scarce, with overwhelming demand. This is all you're going to get from now on, and it won't get better. I feel sorry for the kids. My buyers offered...
