Anyone surprised to hear there are agents soliciting consumers based on their political beliefs? At first, Stephanie Morris was nervous about leaving Modesto. She’d lived in the Central Valley her whole life, but her family couldn’t keep paying $850-a-month for her...
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...
There was additional distribution of my moving survey after the previous report last week. Of the 2,872 visitors who have looked at the survey, 130 (or about 5%), at least answered a question, which is typical. Here are the final results: Q1. I liked that 28% of the...
While the 2020 is winding down and we look forward to next year, I'll occasionally repost the unique factors that will have impact on the 2021 selling season. Let me know of any others: Ultra-Low Mortgage Rates - Rates around 3% are expected to continue through 2021,...
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:
This chart shows the generational changes among non-homeowners about their interest in owning a home. Being interested doesn't mean they are buying, necessarily, but it's a step in the right direction - especially for the millennials, who picked up the largest net...
Here's a sexy headline: Red-hot home prices have more consumers saying now is a bad time to buy Anyone out hunting for a house knows that bidding wars are no longer the exception, but the rule. Demand for housing has been unusually strong, due to the coronavirus...
They say that everyone is fleeing the urban markets for the country, and this is a good example of how much further your money will go. It is fairly close to town too - you wouldn't really need to change doctors, etc. and for those who need a top-notch granny flat,...
Today's coronavirus news adds a new dimension to our real estate market, doesn't it? Or does it? We can probably count on one thing to happen. This will be the last straw for those home sellers who have been languishing on the open market for more than 30 days. They...
After another weekend of multiple-offer situations where the listing agents made no attempt whatsoever to create a bidding war, and instead just shut down the showings, it's hard to believe there is any downturn coming our way. When you can get a mortgage rate in the...
