The Super Bowl is complete, and the spring selling season begins today! Judging by the quick jump in the total number of pendings, homebuyers aren't waiting around. Mortgage rates have risen faster than any time in the last dozen years, and the number of homes for...
Homebuyers got crushed last year as home prices soared at their highest clip on record. Housing economists saw that price growth—which peaked at a year-over-year rate of 20% last year—as simply unsustainable. Their economic models agreed: Among the seven forecast...
Casual observers might think this graph is saying that home prices will drop, but instead it is just the YoY change that is moderating. The MoM changes will become more interesting than the YoY changes over the next 12 months. Home prices averaged year-over-year gains...
This is how Plateau City looks on paper when the YoY change nears zero in 2024-25 (above). From Fannie Mae - which, like most forecasts, is guessing that price increases will slow to about half of what they were last year: When it comes to housing, the report says,...
The Zillow 1-Year Forecasted Values are down 1-2 points from their previous guesses last month, but still very strong. This is their third consecutive month with similar forecasts: NW Carlsbad, 92008: SE Carlsbad, 92009: NE Carlsbad, 92010: SW Carlsbad, 92011: Carmel...
Brian and Yunnie got together for a preview of 2022. Yun touted his usual vagueness and Brian touched on a sensitive subject that long-time blog reader Chris and I discussed yesterday. The shuffle of older agents leaving the business and being replaced by new-age...
The folks at realtor.com think the San Diego-Carlsbad market will appreciate 4.8% next year. We'll do that much in the first quarter! They expect inventory to rebound, and our sales to increase 0.2%. The run on home prices is almost over. At least that’s what...
Real estate has been challenging for many buyers this year, with home prices up sharply and inventory at record low levels. Some buyers may get a break in 2022, but it's not likely to be in some of the nation's smaller cities that have seen strong housing demand due...
More ivory-tower musings here, and it's hard to believe that they could be so blind. How can analysts read these statistics and decide that the frenzy will come to a complete halt, which is what a 2.5% YoY gain will feel like if it were to happen? Because of a break...
Yunnie was in town this week, forecasting the safest bets like everyone else: Is the economy back to normal? It’s the question everyone wants answered as we navigate through a semi-return to normalcy amid the pandemic, and it’s the question Dr. Lawrence Yun, chief...
