We hear about the 'tight inventory' across the country, but the perception is affected by how fast homes are selling - there aren't many houses just sitting around not selling, which gives the appearance of 'tight'. Let's measure it correctly by comparing the total...
It looks like pricing might be getting more squishy on the higher-end homes. We've seen everything above $672,984 but below $1,000,000 be hot and rising, yet the high-tier Case-Shiller Index has been flat for months - which means the ultra-high-end stuff is really...
A review of annual house sales around San Diego County!
There have been press releases this week about December sales being down, and our cheerleader was happy to blame the higher rates and low inventory: Lawrence Yun, NAR chief economist, says the housing market's best year since the Great Recession ended on a healthy but...
The inauguration is almost here - Trump will be your president on Friday! How will he affect our local real estate market? His detractors are aghast over his tweets, but Trump keeps them coming. In spite of their bombastic nature, I think we are already numb to his...
How to measure the current housing data to identify how the market breaks in 2017.
Rich Toscano's latest housing data rodeo: http://piggington.com/november_2016_housing_data Considering the higher pricing, this year has been spectacular, statistically. Thanks Rich! Save
Here's the update on last month. There were two fewer business days in 2014, and one less business day in 2013 and 2015 (same # in 2012). With both sales AND pricing being this strong, the momentum should carry over to 2017.....and I think we'll get off to a fast...
Mortgage rates calmed down yesterday, retreating back to 4.125%, but with all the hysteria about Trump, things sure seem unsettled. How will we know if our local market is getting into trouble? Watch three things: Inventory/sales relationship High-end market...
There was one more business day last month than there was in November, 2015, but it's impressive to just keep up with previous years when we are at higher price points. NSDCC November Sales Year # of Sales Median SP Average $/sf 2012 241 $885,000 $415/sf 2013 187...
