Your home's value is improving! According to Zillow, the value of virtually every San Diego property is going up: US Homes Increasing In ValueUS real estate info It doesn't do much good unless you're selling, or planning to sell. Speaking of sellers, in April, there...
The last time the market took off, it was for different reasons (easy money, shorter-term thinking, and more move-ups), but the market psychology should be similar this time around - because buyer exhaustion is inevitable. Here is how it looked then - during the first...
An example of how the market is moving - more higher-end sales: Sellers are enjoying the party.
The recent frenzy has been frustrating for buyers - should you wait-and-see? The history of the median sales price shows that there is usually some softening around Dec/Jan - that is, up until this year: US Median Sale Price US real estate info The demand feels...
How are we doing, compared to the 'peak' years? To capture the latest frenzy, let's use the March 1st to April 30th period, and reflect back to see how the numbers stack up compared to previous years: Today, both sales and pricing are increasing at the same time...
An excerpt from HW: Any homebuyer on the market right now will tell you the crowd of buyers and multiple offers are creating a challenge. Those in search of distressed homes owned by the U.S. Department of Housing and Urban Development are not immune to this...
Rich is the king of graphs, and here are two from his latest at Piggington: The median-price-per-square-foot since the 2009 trough: OK, you can probably ignore the huge spike in the condo psf, as the condo series tends to be all over the map. But how about that (much...
Many of the ivory-tower types are hoping to make sense of the now nationwide housing-inventory shortage, and predict the next tsunami. http://www.businessinsider.com/us-housing-inventory-shortage-2013-2 The housing inventory is at, or below, where it was in 2003-2005,...
Homesellers should consider the pricing resurgence as a temporary opportunity, and not think that we're back on track and expect big gains every year. By looking at this graph, it appears that the recent gains are almost entirely attributed to lower mortgage rates....
Here is an indicator to measure how the market gets started in 2013 - count the new listings. We have seen how the inventory impacts the buyer mentality. When homes-for-sale are plentiful, buyers are more relaxed and deliberate. When there is a shortage of...
