It's been impressive how strong the pricing has looked towards the end of the year. But if we're looking at the median list prices, then all we know is that these are the medians of what's not working.....but at least they aren't going the other way! The limited...
The gradual phasing out of buyer-agents is underway, and it shouldn't be long now. Zillow's new format features the listing agent's phone number under the main photo! The three-headed agent display was removed and now when a reader clicks on the right side for Request...
If there was going to be a time when the local market might soften up a bit, it would be around November/December, wouldn't it? If the majority of the recent sales closed at 10% discounts or more, then it would be nervous time, but most buyers are still paying fairly...
As the real estate market continues to 'normalize' and we get used to a perpetually low-inventory environment, these are factors that will greet the players in 2024: The NSDCC median list price today is $4,250,000, the highest ever. There are 19 homes for sale under...
The big difference between last year and now is that the 2023 pricing has been on a slow steady climb, instead of the tumult caused last year by the sudden upward shift in mortgage rates. San Diego is leading all the higher-end luxury markets for YTD pricing! Another...
A former federal regulator who served when the 2006 housing bubble burst is concerned that today’s housing market is on an unsustainable path. The housing market’s affordability is worse than it’s been in decades as mortgage rates toy with 8%. The median price of a...
Mortgage rates have come down 1% in the last few weeks, and the casual observers are hoping it means that the Big Turnaround will commence in the Spring of 2024. But for a full-fledged frenzy to break out, home prices would have to drop too. We'll never learn much...
We're in the forecasting time of year! The chart above is from Realtor.com. We are used to the ivory-tower types who don't bother to get out of their office or even pick up a phone. They just shine up their previous guess with some current events, like lower mortgage...
In 2024, Zillow economists predict home buyers will have more options and a bit more affordability breathing room — but only a bit — after the inventory crunch and mortgage rates rising to 20-year highs were this year’s headline news items. Buying a home will remain...
