This month's housing stats will benefit from an extra business day due to the leap year, but it will just be icing on the cake. The sales this month have already blown by last February, in spite of higher pricing. I think we can say that we're back to frenzy-like...
If Zillow made their predictions based on traffic to their website, it would be impressive. I'm not sure how they figure these though. Generally, they are expecting +3% to 4% in home values around here over the next 12 months: Carlsbad 92008 Carlsbad 92009 Carlsbad...
January Detached-Home Sales & Pricing, La Jolla to Carlsbad It was in June, 2022 that Fed Chair Jerome Powell told reporters that spiked mortgage rates would “reset” the “overheated” pandemic housing market. Last month had the highest pricing metrics AND the...
As of February 1st, the January sales count is 103, with the median sales price at $2,275,000, which is a nice pop over the 87 sales from last month. The graph above shows how any momentum was thwarted by rising rates in October, and some relief now is probably...
Obviously, this year isn't over but it's close - and we'll be lucky to hit 1,800 sales this year (there have been 22 sales closed in December so far). The identical Sales/Listings percentage over the last two years includes a blazing hot first half of 2022 so the...
A former federal regulator who served when the 2006 housing bubble burst is concerned that today’s housing market is on an unsustainable path. The housing market’s affordability is worse than it’s been in decades as mortgage rates toy with 8%. The median price of a...
Let's look at the graphs that were updated with November's data today: About 50,000 people live in Carmel Valley, 92130, and only seven houses sold there last month? The pricing is holding up for the few who do sell: The wildest frenzy period was from Spring, 2021 to...
The market is so much different now than it used to be that we should jettison all previous assumptions (paraphrased from a Rob Dawg comment years ago). In the old days, prices would be coming down by now because the demand would have been severely impacted by higher...
A columnist reflected on history to help measure whether it's a seller's market, or a buyer's market. I like it! House-hunting’s transformation includes several market trends including people moving less often, consumers accessing detailed market info, near-instant...
