It's just one example but how about this - it's also our fifth sale since election day. An old guy once told me, "The market is as hot as you want it to be!"
Thanksgiving Checkpoint
read more
2025
San Diego Case-Shiller Index, September
The year-end slide of the local non-seasonally-adjusted Case-Shiller Index looks like it will last twice as long this year. In 2023, it was a relatively-brief three months, but this year the pricing turned in mid-summer. Expect the same result in 2025 - the prime...
More Silver Tsunami Doom
Meredith is at it again......predicting the silver tsunami. She doesn't present any evidence or data to prove it's happening or when or where it will happen. She's just getting paid for being an ivory-tower doomer: In fact, the article pretty much rebuffs the whole...
Trump and Real Estate
Realtor.com, owned by News Corporation, has thoughts on how Trump will affect the real estate market: On the campaign trail, Trump had blamed rising home prices on a surge of illegal immigration during the Biden administration. He also claimed that he would somehow...
NSDCC Listing History
Sure, there have been 15% more listings this year than in 2023, but let's keep it in perspective. We're just catching up, aren't we? Through the pandemic, there was no surprise that people would be reluctant to have strangers in their house. Some of the potential...
More on Months-Of-Supply
Bill is one of the few bloggers still around who comments daily on housing and the economy. Read his full article at his free substack here: https://open.substack.com/pub/calculatedrisk/p/watch-months-of-supply-76b He makes an interesting comparison between June and...
Fed Rate Cut
The Fed came through yesterday and lowered their rate by 1/4%. It caused mortgage rates to come all the way back to....7%. This is probably as good as it will get for the next few months. The market feels fairly balanced currently, with some tilt towards a buyer's...
More Thoughts on Trump Effect
Most home sellers are reluctant to do much, if anything, to prepare their home for sale. The covid frenzy was very forgiving when buyers were desperate to buy anything at any price - which spoiled sellers (and agents) who were still able to sell homes for retail...
Selling Season Starts Now
With all the talk about the presidential election being so close, some thought it could take weeks to determine the eventual winner - and only a powerful Trump victory could avert it. Standoff averted! No matter how you feel about it, another Trump presidency should...
NSDCC and the Political Circus
The current market conditions are fascinating. There were 141 NSDCC listings that went pending in October, and 44 of them have already closed escrow! It leaves 133 listings in the pending category so the closed sales in November and December probably won't set any...
