Rich's latest data is up at www.piggington.com. He mentioned the slightly-negative turn in pricing last month, but I like these two graphs above. The pricing trend is going to bounce around - as long as we have sales counts close to previous years, we'll be fine.
Here are graphs from one of the more bullish real estate prognosticators: Steve is a residential real estate expert who specializes in market trends. He has been in the industry for over 25 years, first as an agent and then developing his own 500-agent real estate...
Rich's latest report - we need to get used to bloated higher inventory counts: Read the full article here - with 13 more graphs! Link to...
Rich's latest report is out! The worrisome spike last month did flatten out, but it does make you wonder if we should adjust our sights. I agree with Rich that the months of active inventory will probably be rising from now on. But if the coastal market had 3 or...
How can sales and prices keep going? With more people arriving. SANDAG projects 1,000,000 more people will be living in the county by 2050, and this graph shows a surging wave of humans going through middle age: [OC] US Population Projections by age through 2060 from...
This is the Deputy Chief Economist at Freddie Mac: It is incredible to see the trend change in every category around 2016 - as if there was a societal shift that gave permission to get back in the game. Maybe that's when the Bank of Mom and Dad kicked in, and their...
We have dispatched the lightweights around the Bay Area and have now passed those pesky VenCo guys, so only one more town in our way - Los Angeles! We can do this! Keep being less-affordable San Diego! The NAR didn't list the criteria they used to create this...
Our favorite doomer is predicting 15% to 20% drops in pricing net year (link in twitter feed in right-hand column). Mark has been making these dire predictions for years now, and eventually he might be right. But it would take surge in supply to start a...
When there are so few companies doing any exhaustive research about the market - especially at the local level - realtors will take whatever they can get and pass it along to clients. In this case, that message will be positive. The full presentation here:...
Recently we've wondered how many first-timers are participating, but actual data has been scant. D.R. Horton says that 41% of their buyers are first-timers, which is probably similar to the resale market and sounds fairly healthy: Here are the current market...
