The doomers living in mom's basement want you to believe that the sky is falling. They've never owned a house before, let alone sell real estate for years. Yet, their voice is loud enough that they are winning the battle of opinions about where the market is going -...
Our friends at JB have been on the forefront of market tracking for years now. They have staff that travels around the country to gather data from builders in particular, and have built a tremendous network. I don't mind being labeled as 'slowing' because.....well, I...
Yesterday I was delivering pies throughout North County, and visiting with our great supporters - who were mostly past clients. Predictably, the conversation turns to real estate, and observations about what's going on in the market, now and in the future. In case...
I'm back in Carmel Valley, 92130! Historically, we have identified healthy markets by those that have a 2:1 ratio of actives to pending listings. On October 20th, there were 57 actives, and 17 pendings in Carmel Valley. Today, there are 42 actives, and 21 pendings in...
Could we have a decent spring selling season next year? Is there any precedent of our market settling down that quickly? Home sales had been struggling for months, and then the Lehman Brothers collapse in September, 2008 helped to trigger the Great Recession, and...
Of course the current conditions look worse when comparing to the hottest real estate market ever. Having bidding wars on 21% of homes for sale sounds great to me. The discouraging part about Bill's post today is how the realtors have bought into the negativity. This...
I've been hoping for 100+ sales per month the rest of the way this year. Currently, the October count is 108, so it should get up to around 120 sales by mid-November. Here are the monthly sales and pricing for 2022: NSDCC Detached-Home Monthly Sales & Pricing,...
Bill has been following the inventory in different markets, and San Diego is faring much better than other areas. He is showing a 23.8% drop in new listings YoY, but last year was the record low. Look at the previous years: September New Listings, San Diego County...
I tell potential home buyers to keep looking because you never know when you will find the right house - which is the most important part of the equation. Most will convince themselves that it will be easier to find the right house if prices came down, and besides,...
The number of NSDCC detached-home sales in September is up to 133 today, which is pretty good. There are only 138 pendings currently, but 34 sales have already closed in October so there is a decent chance that we'll have 100+ sales this month too! The...
