I was going to ignore one more forecast by a financial services company (what do they know about selling homes?), but this is from the squid, plus Derek mentioned it in the comment section. None of these forecasts provide any evidence or reasons for their conclusions....
It's impressive to see so many high-enders go into escrow this quickly - these are the NSDCC homes listed over $4,000,000 than have gone pending since the first of the year: Not mentioned above is the listing that hit the MLS on January 3rd, went pending on the fifth,...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. We have considered a 2:1 ratio of actives-to-pendings to be a healthy market. When there were more pendings than actives, the...
The number of December sales has been hanging right at 100 and ten closed above list, or 10%! Percentage Of Sales Closed Above the List Price, by Price Range If the over-list sales start to increase this spring and get above 20%, then the frenzy feelings are slipping...
Yesterday, we saw that there has been a flurry of new pendings this month. Could it be a result of brave buyers who have lowballed the sellers? We won't know until they close escrow. But there is a direct correlation between how long a home has been on the market, and...
The doomers living in mom's basement want you to believe that the sky is falling. They've never owned a house before, let alone sell real estate for years. Yet, their voice is loud enough that they are winning the battle of opinions about where the market is going -...
This is the easier part - charting the next six months. Either the Fed will pause and delight us all, or their threat of higher rates will make buyers antsy and ready to pounce. The best-looking inventory usually happens in springtime, so all the necessary the...
Here is the summary of 2022 predictions from November, 2021: https://www.bubbleinfo.com/2021/11/02/2022-forecasts/ My guess was that the NSDCC annual sales would be +5%, and pricing +15% in 2022. It was a tough year for prognostications! NSDCC YoY Statistics Year...
There will be one overwhelming factor in selling real estate this year: Buyers Will Want To Pay Less. They are coming into every situation with that mindset. Whether it's online or in person, they will be looking for ANY reason to NOT buy this house. If they can't...
Optimistically, what are positive things that could happen this year? The Fed pauses in March. They meet twice in the first quarter of 2023 - February 1 and March 16th. I'll live through another 1/2% hike a month from now, but then a surprising Fed pause in March...
