Mortgage rates have come down 1% in the last few weeks, and the casual observers are hoping it means that the Big Turnaround will commence in the Spring of 2024. But for a full-fledged frenzy to break out, home prices would have to drop too. We'll never learn much...
To hear more stories like this and a wide array of opinions, click here: https://twitter.com/SullyCNBC/status/1649240769658605570 Remember when I was on CNBC with Sully in 2011? He used to live in Carmel Valley!
In this graph from two weeks ago we saw that there were 28% of the NSDCC detached-home sales in March that closed over their list price. Because it's one of my favorite ways to judge the market conditions, I did a check on the numbers for April so far: NSDCC April...
We are in the middle of the home-selling season, which means this will be as good as it gets for 2023. The balance of buyers and sellers has been remarkably steady. Over the last 90 days, the number of active listings has been in a tight 10% range, and the pendings...
The recent bounce-back has been impressive with 183 NSDCC closings in March, which is better than the sluggish start that I expected. The 101% looks like a good sign too. Was it an overall market improvement that will keep growing? Or just a lucky stretch of...
I know that season of spring just started this week, but our home-selling season has been underway since the Super Bowl. It usually lasts until the graduation season starts in mid-May, then Memorial Day is the first long weekend in a couple of months. After that,...
This is the type of premium offering that has enough going for it that they should get their money. The non-pool buyers probably won't like it at any price, but those who want turnkey with big view on a culdesac will find it hard to pass up - here's a minute of it:
The critical point in this video is when the second seller dropped 7% to make the sale after just three weeks on the market......even though that was 10% under the last sale that backed to power lines. This is what can happen. Did they have bills to pay? Did the agent...
This is the house that received THIRTY offers last month. My thoughts: The supply of houses priced under $700,000 is scarce, with overwhelming demand. This is all you're going to get from now on, and it won't get better. I feel sorry for the kids. My buyers offered...
When mortgage rates started going up last year, I said all we have to do is survive until springtime - and it looks like we've made it! Not only did our local market not crash and burn, it held up pretty well - and that's in spite of the higher rates and blistering...
