Predicting anything correctly in this frenzied, government-supported marketplace takes some luck. My recent predictions were conservative - on July 1st, I guessed that sales would taper off during the second half of 2012, and then after a robust 3rd quarter, I still...
Homesellers should consider the pricing resurgence as a temporary opportunity, and not think that we're back on track and expect big gains every year. By looking at this graph, it appears that the recent gains are almost entirely attributed to lower mortgage rates....
We're not done yet with December, but it looks like we will surpass the monthly sales count of the last two years. Last year we had 28 NSDCC closings over the last two days of 2011, and we also will still have the stragglers too - let's estimate around 230 closings...
The open-bidding sale closed this week without a hitch. https://www.bubbleinfo.com/2012/11/30/open-biddingtransparency-live/ Reader Sebastian asked about how appraisals were coming in these days, and this house was a good example. In the previous three months, there...
Here is an indicator to measure how the market gets started in 2013 - count the new listings. We have seen how the inventory impacts the buyer mentality. When homes-for-sale are plentiful, buyers are more relaxed and deliberate. When there is a shortage of...
We saw economist Dean Baker comment about the California real estate market from his perch in Washington: “The speculators likely have pushed prices above where the market would put them in some markets,” he said. Have prices risen too much already? It doesn't look...
Kingside left this comment regarding the Norris seminar: http://www.thenorrisgroup.com/blog/news/real-estate-analyst-predicts-a-20-percent-increase-in-median-home-prices-in-california-during-the-next-year/ I attended Norris’s presentation at SDCIA on Tuesday. Well...
A blog reader asks: I wanted to get your thoughts on pricing. As you mentioned we are up 17%, though wages are not increasing. Low rates, foreign buyers, and lack of inventory (whether artificially created or organic) are keeping things afloat. Do you see any kind...
Hat tip to Kingside for sending this along: Remember the days when residential real estate gained equity each year? It’s happening again in California, and a year from now homeowners could see as much as a 20 percent increase in the median price of homes across the...
Home sellers located in many Western metro areas are in a good position to benefit from locally strong demand and will likely hold the advantage in real estate negotiations, Zillow reported Wednesday. Interestingly enough, six of the top 10 sellers’ markets listed by...
