The Case-Shiller Index is such old news that I forgot all about it yesterday. It looks like "pricing" started to flatten out earlier last year, which sets up the 1Q25 for small-ish gains: In more-relevant news.....this date, February 26th, fell on a Monday in 2024. It...
Jim the Realtor
Professional Sales
Have you ever attended an open house and the realtor asked if you wanted to buy it? Probably not. Yet, isn’t that our job? I am a salesman and this is what I do. I make a simple statement when you arrive that sets the tone - AND can’t help but put a smile on your...
Around the Country
Lance does an incredible job of covering the real estate market. Follow him on twitter: https://x.com/NewsLambert
Compass is #1 in San Diego
Last year, Compass was #1 again in total volume and number of homes sold. We have the most agents too - you can see why going it alone looks more and more feasible. I'm not sure what I did to get a mention, but, man, Donna is going to wonder what happened!
Inventory Watch
I counted 32 NSDCC houses for sale on the Compass private exclusives list that aren't on the MLS. They aren't well-organized - just a one-liner list for the whole county - and they are mostly homes being prepared for market, or tenant-occupied, or old listings that...
Today’s Open House Report
Airplanes flying over the house every 5-10 minutes wasn’t the only complaint. “The kitchen is too small, can you get fire insurance, it’s single-zone air conditioning, the bathrooms are original, you don’t have a pantry” - it just never ends, even at a house with...
More Compass and the Future
This is the type of name-calling I'm willing to endure: IMHO, RE industry has descended right into the gutter alongside slimy used car salesmen. License to screw over consumers using information hiding and deceptive practices. Elimination of pre-sale inspections and...
Where Inventory is Growing
If you are thinking about moving out of state, here are places where the inventory is growing and you might have some negotiating power. Not one of these is in California!
Compass PEs – The Reality
The Compass CEO, Robert Reffkin, is a vocal opponent of the Clear Cooperation Policy. Those in the business call him names and say his only motivation for opposing the CCP is to promote in-house sales. The point that gets trampled over is that consumers and agents...
Zestimate Fraud
This morning: This afternoon: It is sad how much faith and confidence people put into the zestimates when they are so manufactured and phony. But now that everyone trusts everything they see on the internet, we deserve what we get.