Sales has been robust over the last couple of months, and the national pending-home-sales index above shows how we're just making up for lost time. We don't have a local PHSI, so let's look at how the NSDCC closed sales for 2020 have compared to last couple of years:...
We know that covid, and it's impact on schooling in particular, is causing some people to want more space around them. Bigger houses, with bigger yards, are becoming more desirable.....and buyers are scrambling to get situated and comfortable before school starts -...
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...
Next year will be here before you know it - could it get any crazier? Oh yeah! In the video below, you'll hear my list of buyers and sellers who we can expect to be extremely active next year. Then add in the Big Three (death, divorce, and job transfer), and we could...
The idea of people fleeing to the suburbs isn't what we thought - an excerpt: For the week ending on May 10 — which was around the height of the pandemic in New York City — the percentage of search traffic from the New York metro area to out of market areas rose 5.4...
Mortgage rates hit an all-time low yesterday! Combine the improved purchasing power with the covid-delayed selling season and the lowest inventory in recent history, and we have full-blown frenzy conditions. Look at how July wound up: NSDCC July Sales & Pricing -...
July 20th: https://www.sandiegouniontribune.com/tracking-coronavirus-cases-san-diego-county
Did sheltering in place have any effect on home improvement rates? Our data says yes. Over half of American homeowners (55%) said the pandemic and associated disruptions gave them time to improve their homes, while 59% admitted that spending more time inside due to...
Will our local market survive the coronavirus? Let's look at the bigger picture and compare the first half of 2020 to previous years: NSDCC 1H Listings & Sales Year # Listings Median List Price # Sales Median Sales Price 2016 2,999 $1,425,000 1,526 $1,150,000 2017...
