Do buyers need to wait until 2025, or are there some deals to be had now? I have some unfinished business left in La Costa that buyers in search of a project should consider. It's a home that needs major updating to become a modern custom golf estate, but we have it...
Oh geez, did Jim say something about prices going down? Yes, and isn't it inevitable in areas where there is more supply than demand? Sure, we can always reflect on Rancho Santa Fe where having your home languish on the market every year is a rite of passage. Somebody...
If there is a surge of inventory in early 2025, what will happen? Here are the choices: Frenzy - With rates stubbornly high, the best case is a mini-frenzy where buyers engage in bidding wars for only the top-quality listings. Some of the insanity bleeds over to the...
Kayla is in town so we were trying to do the more-professional looking videos, which for me means doing a more-formal introduction of myself for those new to our Instagram channel. On the same day, Robert Reffkin appeared on CNBC and said that research shows that...
Here's an example of how additional inventory causes commotion in the marketplace. Over the last couple of years, you could put a home up for sale and not have any competing listings around you - and few, if any, recent closed sales either. Buyers and their agents had...
Here's our new listing in Starboard by Davidson Communities - San Diego's best builder! 7618 Circulo Sequoia, Carlsbad 5 br/3.5 ba, 4,000sf 15,314sf private corner lot LP = $2,500,000 Davidson's Starboard neighborhood is known to be among the finest in Carlsbad, and...
For two months we've been settling in with the new arrangements for paying the buyer-agents. I haven't heard of any buyers yet who got stuck having to pay their buyer-agent because the seller refused to pay. Undoubtably, there are buyer-agents who were paid a partial...
I was in Orange County yesterday and saw this in a local publication: The off-market craze is just getting started. We've already been hearing the hucksters at open houses who lead with their only pitch: "I operate in the off-market space." "Does your agent offer you...
We just had it happen. A potential seller who had decided to wait until next year had not one but TWO competing new listings hit the market nearby. Both listings were priced $100,000+ LOWER than what we were thinking. Ouch. When is the best time to sell your home? It...
Hat tip to Jorge who sent in this interview with Jeffrey Gundlach, the prominent bond trader who speculates with confidence on the Fed's half-point cut and what it means for the markets. He speaks quite knowledgeably about everything except the future of the housing...
