Mike has now teamed up with another guy and both are believing that when (if) mortgage rates come down, it will spur more demand and sales. They are basing this belief on historical trends:...
Lower Rates = Lower Inventory?
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Market Conditions
National Outlook
Mike mentions that the current unsold inventory is +37% YoY in California. But sales and pricing are holding up so we're just getting used to having more active inventory laying around not selling.
Compass Intelligence
The first take by our new chief economist, Mike Simonsen. He doesn't pull any punches either:
Accidental Landlords
A local investor told me on Friday that he has a beach apartment for rent that is already priced 10% below the previous rent - and there has been no interest. Home sellers should be cautious about thinking they "can just rent it out if I have to". A power struggle is...
Over List, June
The market may seem a little soft but 24% of the buyers are still paying over the list price. About half of those were under $2,000,000 which is understandable. If some segment of the market is still competitive enough to warrant an over-list offer, it would be the...
The Rest of 2025
Based on the current market conditions, it's going to be a long cold winter. I can go on and on about the sluggish market, but it doesn't matter. Over the next three months, all that matters is whether sellers are motivated enough to move that they surrender. Give up...
Just Wait?
This agent is expressing the same thoughts being told to sellers all across the country today. The vast majority of realtors have only known a raging seller's market over the last 15 years, and they don't know any different. But what if the buyers don't come? It's why...
Current Market Conditions
More on the market conditions being observed around the country: JtR: I don't see many buyer-agents showing properties at all. Open-house traffic is spotty at best and mostly lookers with casual interest. Homes are still selling but sales will likely slow the rest of...
When Will Prices Decline?
These ivory-tower guys have explored the topic of rising inventory and it's relationship with declining home prices - and backed up their conclusions with math that every rocket scientist should love!...
Market Hotness
The San Diego metro area is considered 'Warm' by realtor.com, but only because of the fantastic start we had this year. Our ranking among other metros is plummeting: Jan: #65 Feb: #72 Mar: #96 Apr: #132 My green arrow above points out how if it weren't for the hot...
