I showed three houses over the weekend, and other buyer groups were looking before and after. For every hot buy, it seems like there are 5-10 buyers! This enthusiastic demand coming in November can only mean that the 2021 market is going to go ballistic. We will get...
For the third straight month the level of builder confidence in the new home market set a record high. The National Association of Home Builders (NAHB) said the Housing Market Index (HMI) it co-sponsors with Wells Fargo soared 5 points in November to 90. This is the...
Of the places benefiting from the people fleeing California, Phoenix has to be #1 on the list. Their Case-Shiller Index had the biggest increase in the nation this week (+9.9%), and look at the average market time: PHOENIX — The greater Phoenix housing market has...
So what's your take on the strength of the housing market now and how the election could change it? BARBARA CORCORAN: I don't think the election is going to have much to do with the housing market. It's like a horse that's run out of the bar-- the barn at about 100...
In the graph above, the conditions were glutty through July, but now I think we can call it a full-blown panic in SF County. They only had 1,000 homes for sale in May, and their fourth-quarter history already looks very strange. You can bet that buyers are slamming on...
Ultra-low rates, record home equity, and societal needs/concerns make the perfect frenzy cocktail: The pandemic is driving a major boom in the housing market that's breaking all kinds of records and exposing a very uneven economic recovery between the haves and the...
The results are in! We reached 1,692 people, of which 89 participated in the survey, which is about right. Let's go through each question. Q1. Most of the participants (2/3) already live in San Diego County. The question was passive in nature, but it was interesting...
The 2021 market is shaping up to be a humdinger! Will ultra-low rates and more inventory cause it to be the Frenzy of All-Time? Or will a surge of home sellers - namely the baby-boomers - bring about a flood of homes for sale that swamp the market? Frenzy, or Glut?...
Not only does the current level of showings make up for the dip we had at the beginning of the Covid-19 market, but the 7-day moving average was higher on Saturday than all but two days this year (now 225% higher than it was during the first week of 2020). As long as...
We're only three days into October so there will still be more reporting in the coming days....but September sales are pouring in! We had 52% more sales than we had last year in the La Jolla-to-Carlsbad market! NSDCC Detached-Home Sales, September: Year Sept. # Sales...
