Zillow has been vilified for many reasons, but the one thing they have going for them is the viewer data for each area. If their 2022 projections are based on the number of clicks on listings, then their forecast should be a reasonable reflection of the actual demand...
https://www.calculatedriskblog.com/2021/11/2nd-look-at-local-housing-markets-in.html Our drop in inventory is the most pronounced of any area in the country. During the previous peaks in pricing, more homeowners would gladly sell for a record price.....and parlay...
This forecast suggests that prices would still be cooking in 1Q22, but once the spring selling season gets rolling, the median prices will level off? It would take a flood of inventory to pull that off. They blame rising rates, but when that happens it usually causes...
Let's gather the forecasts for 2022 - here's a start: Forecaster Existing-Home Sales Pricing Fannie Mae - USA -7.5% +7.4% Freddie Mac - USA +7.0% MBA - USA +5.3% +5.2% NAHB - USA -10% NAR - USA -3.2% +2.8% CAR - Calif -5.2% +5.2% Zillow - SD +21.3% CoreLogic - SD...
https://journal.firsttuesday.us/san-diego-housing-indicators-2/29246/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ With the supply and demand so out of balance on the lower-end, it's incredible to see that the high-end is out-performing with faster...
People are leery when the squid speaks, but they could be right about additional price gains in 4Q21. Here's why: We had a 15% increase in the NSDCC median sales price between September, 2020 and January. There will be fewer sales this year, which typically provides...
The association is predicting that home sales in California will drop next year, but has a typical guess for the statewide median sales price - expecting a 5.2% rise in 2022: 2022 Their predictions for this year were terrible - they thought pricing would go nearly...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Speaking of Zillow, they also said in this June article that San Diego home prices would rise 24.7% by May. How are we doing? There has never been a great measuring stick for home prices, but let's look at the most common ones:...
Here are the latest guesses from Zillow that they've sent me over the last month. They agree with me that next year will be rip-roaring! In parentheses are the percentage increases for the last year: NW Carlsbad 92008 (+28%) SE Carlsbad 92009 (+30%) NE Carlsbad 92010...
Home buyers don't have much - if any - control over the process, which leads to frustration and disappointment. They don't have any way to cause more homes to list for sale, and the only way to eliminate the competition is to out-bid them, which can be even more...
