No surprise here, given what we see in the market today. But interesting that 2021 is off to 2x the start we had last year - which was pre-covid! New listings are down 20% to 25% while twice as many people are looking! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Two weeks from today, the year 2020 will come to an end. We are heading into 2021 with a strong surge of buyer interest. In spite of the current active inventory being far less than it was in 2019, there are more than twice as many people looking at homes today. It...
Last year, the showings in early December ended up about where they were during the previous January. But this year we had a huge post-Thanksgiving bounce, and are now 175% above the same time last year! Next year is going to go nuts!
This looks like a dramatic drop-off in showings but we are still 160% above where they were last year, and way above where they were in February. If there were just more homes for sale! We got off to a hot start in 2020, and you can see how showings in January of...
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...
Not only are there 92.7% more showings this year than on 2019, but this has to be the most people looking at homes for sale in the history of California! Has there been a surge of new inventory lately? Locally, the number of new listings has been normal: NSDCC New...
I'm not alarmed here with a statewide drop-off in showings: Showings are 37.4% above those in early March. They are way ahead of last year! It was going so good that a drop-off was inevitable. Showings declined this time last year too - might be seasonal. If you would...
Just like the price of gasoline, mortgage rates are very slow to come down, but they tend go up like a rocket - and with the surprising employment news today, we'll probably get back into the mid-3s by Monday. We'll see if the lowest rates in history were the sole...
Our coronavirus showing disclosure form changes every week (sometimes multiple changes per week) and now it's literally up to EIGHT pages long. Every buyer has to sign a new form for every house they want to see, in advance, and by electronic signatures only. But it...
It looks like we are beyond the worst of it, and we're on our way.....as long as rates stay in the low-3s and nothing really bad happens for the next 2-3 months. The active and pendings counts have been rising steadily for four weeks, so we can say that the bottom was...
