None of the pricing metrics are great but at least they demonstrate the trends over time. These graphs above are showing the latest data, including last month, and it's all fairly positive....for now. With the extra inventory, buyers aren't going to pay crazy money...
They expect another 200,000 homes to be built in SD County? Where? MCAS Miramar? San Diego officials are expecting an end to the region's perpetual growth. Driving the news: San Diego's population is expected to peak in 2042, and then decline by about 100,000 people...
I think we can say that summer is over, and the off-season is here. How will the rest of 2022 play out, and what will be the effect on the 2023 Selling Season? We know that the local NSDCC sales counts will be low for the rest of 2022. Last year we had 136 closings...
The July stats have been updated on these interactive graphs of the 92009 (SE Carlsbad), 92024 (Encinitas), and 92130 (Carmel Valley) markets: We hear how the inventory has exploded, but compare it to history: Sales during the 2022 selling season have been similar to...
The California Association of Realtors said that the number of pendings has been falling. They don't give any other details or interpretations, so what will casual readers conclude? The market must be coming apart! Thanks C.A.R.! But because pendings and sales are...
Here are graphs that look generally supportive of the local market. The SP:LP is still well above 100%, though hopefully it will keep receding. Everyone should be happy with it running around 100% or a little under, like it has throughout the history of real estate:...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The average length of homeownership has been 10-12 years.....until now?!? Nearly half of Americans are considering a move to a new home Of those considering a move, more than 1 in 4 (27%) want to stay within their current...
Two interesting graphs from our friends at JBREC: Note how the black line for S. California has gone hyperbolic, relatively, and now leading the pack. Glad to see San Diego so high up the list here - for those looking for new homes, Las Vegas has plenty:...
If there is anyone left who still believes in market fundamentals, here's a graph that shows how the traditional 3:1 price-to-income ratio is still a decent measuring stick in the rest of America. But in California, it has escalated to dizzying heights! San Diego...
Ultra-low rates, record home equity, and societal needs/concerns make the perfect frenzy cocktail: The pandemic is driving a major boom in the housing market that's breaking all kinds of records and exposing a very uneven economic recovery between the haves and the...
