San Diego didn't make the NAR list of vacation-home areas (counties where 20% of the housing stock is for seasonal use), but our market should be enjoying some additional second-home purchases: Vacation home sales are outperforming total existing-home sales. Sales of...
In April, I thought we would see a big cooldown in October fueled by uncertainty leading into Election Day. Instead, we had the most NSDCC closings as we've had in any month this year (374 so far), and we have almost as many pending listings as active (541/470)! The...
The results are in! We reached 1,692 people, of which 89 participated in the survey, which is about right. Let's go through each question. Q1. Most of the participants (2/3) already live in San Diego County. The question was passive in nature, but it was interesting...
Let's get some intel on how people feel about moving next year! Take this survey, and when completed, you can share it on social media. I'll publish the results on Tuesday:
The 2021 market is shaping up to be a humdinger! Will ultra-low rates and more inventory cause it to be the Frenzy of All-Time? Or will a surge of home sellers - namely the baby-boomers - bring about a flood of homes for sale that swamp the market? Frenzy, or Glut?...
Did you hear Dr. Fauci last night? It's likely US health officials will know whether a Covid-19 vaccine is safe and effective as early as next month, Fauci said Monday. "I think comfortably around November or December, we'll know whether or not the vaccine is safe and...
It was on April 15th that I drew up the calendar above, and then I added the additional red box around June when it was becoming obvious by the end of May that the market was taking off. June, July, and August were all dead-red-full-tilt-boogie, then we had a blip...
If the Big Three reasons why people move (death,divorce, & job transfers) start to increase, we'll have more inventory next year - how much is too much? If absence makes the heart grow fonder, what happens when you're stuck at home all day with your spouse? Some...
My video on Monday touched on the different groups of buyers and sellers that should be very active in the 2021 selling season. Let's break it down further, shall we? SELLERS Boomer liquidations - When we first started talking about boomer liquidations, people in...
When the coronavirus shut down the economy coast to coast, it was natural to assume that the real estate market would take a hit. Being in quarantine would certainly cause sales to plummet, and with 20% to 30% unemployment, prices would follow, right? All that was...
