An article published yesterday included some guesses about the future of the real estate market over the next five years. For those who thought it would be the usual expert opinions touting 3% appreciation per year, you won't be disappointed, though Larry did throw in...
This is what it feels like in Plateau City. It's a little bumpy but the pricing looks range-bound. Sales cool off towards the end of the year - even during the frenzy. Surprisingly, last month might end up being the best of the year for sales, and the market should...
Higher mortgage rates caused the San Diego Case-Shiller index to take a tumble last summer. The decline moderated towards the end of the year and bottomed in January. Since then, it went up 9.3%, which is pretty good appreciation for five months! July and August will...
From jbrec.com: We now monitor domestic migration trends in near real time, using postal address change forms that are current within a few months. This data has given us far more conviction in expressing a positive demand outlook on 15 markets and a more cautious...
My thoughts: Sales are holding up nicely here at the end of August - a time when the buyer pool could have, and should have been completely exhausted. With five business days to go plus late-reporters, we should see this month's closed sales get up to 160 or so and be...
From Leonard Steinberg at Compass: If you thought the $7 trillion Covid-linked stimulus was big, think again. It is pittance compared to the biggest stimulus that has started and will continue for the next 2 decades amounting to over $80 trillion! Reduced - and...
It's good to see that last month had more sales (159 vs 147) than in June - which also had two more business days! Let's combine the two months to soften the July drop median sales price and compare to previous years. The plunge in sales has to be discouraging to...
Of all the higher-end metros, San Diego is doing the best this year! To see the rest of the Top 100 markets, click here: https://twitter.com/NewsLambert/status/1686805363557888023
The average and median sales prices last month were similar to what they were in December, even though the same percentage of buyers paid over the list price. It might make you think that this market is retreating quickly! But look at the difference of the number of...
The San Diego Case-Shiller Index has bounced back nicely this year! Percentage Change Between January and May 2019: +3.5% 2020: +3.6% 2021: +13.0% 2022: +11.6% 2023: +8.2% Even if it flatlines the rest of the year, are there any local homeowners that will be...
