I think we can say that 2025 is looking a lot like 2024 so far! We have 15% to 25% more active listings now, but buyers are picking out the creampuffs and ignoring the rest. The pile of unsolds should be growing every month, but maybe buyers just forget about them...
Thanks for the comments this week! For some historical perspective, let's review the recent change in inventory. Bill Clinton signed the new law in 1997 that allowed sellers to take up to $500,000 in tax-free profits, and it set off a local moving spree that lasted...
An article in the North County Times from late 2005. Those were the days of low home prices and easier financing (though not as easy as the no-doc days in 2005-2008). As a result, it was the real Golden Age because everyone could participate. The last five years were...
Remember a few months ago when both Biden and the Padres were flailing and I said that the last half of the year would be so full of distractions that we'd be lucky to see 100 sales per month? How ya feeling now? Last month was spectacular and it looks like this...
? What's the slogan for Realtor.com? The website realtors trust? Yeah, haha.....who are you again? Realtor.com is the source for some wrong statistics picked up by Fox/KUSI news. The August YoY change in inventory for San Diego County is +31% for all property types,...
Scroll over the second graph to see how far we've come: BTW in March, 2010, the 30-yr fixed rate was 4.95%.
I think we will experience a very similar trend in 2025. A hot market and prices for the first four months, and mellow-down-easy for the rest of the year. And April was already slowing. The first quarter of 2025 will be prime selling season! Plan accordingly!...
Rob Dawg suggested that we look at the quartile pricing again. The list pricing (above) has been very comparable to last year, but those are the unsolds. Below are the quartiles for the NSDCC monthly sales: Pricing measured by quartiles is still above last year, and...
San Diego's YoY gain of 9.4% is third highest behind San Jose and Hartford, and our +55.4% since March, 2020 is #1 among the higher-end markets!
Here are four tepid responses to the question on whether home prices will drop this summer: https://www.cbsnews.com/news/will-home-prices-finally-drop-this-summer-heres-what-experts-say/ The lame last paragraph sums it up: The bottom line The real estate market seems...
