As the national leader of real estate, Zillow is attempting to guide people with data, thankfully. Their Home-Value Index has been decent, and I'll take the -7% for San Diego....which means our premium areas haven't felt much decline at all. Their comment on current...
The 2023 real estate forecasts keep coming in. With the radical change in market conditions, the annual statistics are going to look dramatically different from the more recent activity - look at these differences in home sales between La Jolla and Carlsbad. NSDCC...
WASHINGTON (December 13, 2022) – Lawrence Yun, NAR chief economist and senior vice president of research, forecasts that 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the top real estate market to watch in 2023 and beyond....
Ivy covers all the topics in this recent interview. The most interesting was her graph above that shows how much quicker sales have declined this year, compared to the last downturn. She is expecting -12% in national pricing, and -20% in sales next year. The different...
Realtor.com is forecasting that the San Diego-Carlsbad metro area will have prices dropping 27% in 2023, but also conclude that fewer sales (-23.7%) will make our area more affordable. They combine the two and call it +3.6% combined growth. They base their forecast on...
Guesses of the percentage change in the 2023 national home pricing from today's free WSJ article: NAR: +1.2% NAHB: +0.7% Fannie Mae: -1.5% Goldman Sachs: -7.5% Ivy Zelman: -12% (peak-to-trough in late 2024) John Burns: -20% (peak-to-trough in late 2024) KPMG: -20% The...
Yesterday, I offered my take on pricing for the San Diego 2023 real estate market. For those who don't watch videos, I said the overall median sales price will be down 3% next year, with the superior-home sales causing a +5% median sales price among themselves. Where...
Let's get used to reading more 2023 predictions that give vague reasons why the national stats will be negative, with an extra thumping on the west: https://www.fixr.com/resources/housing-market-predictions
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Rick Palacios Jr., Director of Research and a Managing Principal at John Burns Real Estate Consulting, to talk about what to expect in the real estate market in 2023. Rick discusses the company’s...
Every once in a while, a sliver of truth slips into the mainstream media articles. After the usual negativity spewed throughout the front-page UT article about the local Case-Shiller Index declining at one of the worst rates of any town in America, this quote appears...
