Yesterday, Derrick discussed the macro-economic forces that will affect real estate for years to come:
Housing Demand To Continue
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Forecasts
Home-Price Forecasts for 2022
The YoY change in the San Diego Case-Shiller Index in June was 31% higher than the national 10-city index. If we apply the same 31% to next year's national forecast of roughly +5%, the San Diego home-appreciation rate in 2022 should be around 6.55% - though, if you...
San Diego Home Prices To Keep Rising
Hat tip to Rob Dawg for sending in the second forecast that is predicting our home prices will continue to rise: While home price changes on the local level vary, July gains across all of the top 10 metros surpassed their 2020 levels. However, metro areas where...
Rising Home Prices to Continue
These guys are predicting a very similar market in 2022, and it will depend on the inventory. If we have the same number of listings (or fewer, which I think is probable), their 24.7% increase is in the bag. From the U-T: San Diego home prices will maintain their...
Zillow Local Forecasts
What's your prediction on local home-price appreciation over the next year? Here's what Zillow thinks - they sent these to me over the last three weeks: La Jolla: Del Mar: Carmel Valley: Rancho Santa Fe: Encinitas: SE Carlsbad: SW Carlsbad: NW Carlsbad: NE Carlsbad:...
TV Teaser
This is a partial clip of my appearance on the Derrick Evens show today. His full 14-minute version will be here on Monday - without the pregame banter. Hopefully his camera angle is more forgiving:
Post-Frenzy Forecast
The prognostications are coming in about the direction of home prices. It's easy to predict that the market won't be as hot as it's been (or will it?). The Burns forecast will be as good any of the guesses, and don't be surprised if all of them end up predicting a...
San Diego Home Pricing By Tier
https://journal.firsttuesday.us/san-diego-housing-indicators-2/29246/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The last paragraph (above) might be the worst misread in the history of forecasting. I'm not sure why they are sticking with it. Mortgage servicers...
NSDCC Monthly Listings & Sales
The Covid Frenzy has had remarkable shift in market efficiency like we have never seen. Historically, we have had so many listings that 35% to 40% of them didn't sell. This year we had 977 listings hit the market in 1Q21, and 80% of them have already closed escrow! ...
Second-Half Predictions
As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months...
