Here are four tepid responses to the question on whether home prices will drop this summer: https://www.cbsnews.com/news/will-home-prices-finally-drop-this-summer-heres-what-experts-say/ The lame last paragraph sums it up: The bottom line The real estate market seems...
San Diego is already an affluent market, and with the extreme weather conditions now affecting the rest of the country year-round, we have to look like a fantastic upgrade to people who just came into some big money. From Leonard Steinberg, the Compass chief...
We know that the current DOJ wants to de-couple commissions, and have buyers pay for their own help. How does Team Trump feel about real estate commissions? I checked with Project 2025: Project 2025 proposes significant changes to the traditional real estate...
It's considered normal for a market to have six months' worth of inventory, where the number of homes for sale this month equals 6x the number of sales last month. Our market has done better over the last few years, and three months' worth seems normal now: Here are...
Above is what's coming for the next six months, and it's going to be a slugfest as buyers and sellers grapple with price. The relation of sales price to the days on market will be exact. How much should buyers offer as we cruise into lowball season 2H24? The price...
It's the last business day of June, and while there will be a few more sales added to this total, there will be at least 10% fewer closings than last month: The median pricing is higher this month, but I don't think that means home prices in general are rising. It's...
The last time a new season of “Million Dollar Listing Los Angeles” aired on Bravo, the show was its usual unbridled celebration of infinity pools, imported marble and luxury amenities that historians will cite if they ever have to explain the collapse of civilization...
Today, there are 488 NSDCC active listings, which is the most in almost four years! This is what it feels like when actives are stacking up. The hot new listings still sell in the first week, but more and more don't fit that description and only have to endure an...
Yesterday's blog post identified one solution for buyers which we'll call the Gunslinger Special - where you wait patiently for the perfect home and when it hits the market, call JtR and give it everything you got. What are the other options? First, let's note that...
In mid-August, the new rule takes effect that NO buyer-agent commissions will be advertised on the MLS. Technically, sellers paying commissions to the buyer-agents will still be allowed for now - they just have to be negotiated outside of the MLS. There will be...
