The doomers are hoping to drive the real estate market into hysterics, just for fun. It's easy for buyers and sellers to get caught up in it too, and think the sky is falling. Let's identify the terms, what doomers want you to believe, and the truth: Inventory Surge...
The latimes continued their assault on the truth today. The number of homes for sale has a major impact on the number of sales. What we've had is an inventory problem, yet they make no mention of it here: Southern California home prices and sales edged lower in June...
Rob H. noted that home prices have simply followed the flood of money. The M2 definition: US M2 Money Stock refers to the measure of money supply that includes financial assets held mainly by households such as savings deposits, time deposits, and balances in retail...
Today, there are 160 pending listings between La Jolla and Carlsbad, and 36 sales have closed this month so far - and currently, there are 470 active listings with a median list price of $2,997,000. It means that the July sales will be under 200 for the second month...
We keep hearing about price reductions, but it's a miracle that the list pricing isn't worse! Consider: We've had a strong seller's market for 10-12 years - would we recognize anything else, let alone know what to do with it? There is no guidance or formula for...
There are many who insist that real estate will follow its historical trend, and I like to say ‘it’s different now’ just to irritate them. What are the things that are different? Every buyer has had to qualify for their mortgage and use a sizable down payment, the...
These are excerpts from Scott G's newsletter yesterday: The most recent migration headlines concern Silicon Valley. The narrative: It sucks and everyone is leaving. Venture capitalists who built their fortunes in the Valley say they’re "over" it. The Bay Area is...
Hat tip to long-time reader Todd who we saw at the game last night - we did bug out early, but it was only to pick up Kayla at the airport. The Padres walked it off in the 11th inning! Meanwhile, people are wondering where the local real estate market is going to end...
Realtors are saying that the market is slowing, and Marc D. suggested that we define what that means: A slowing market is when fewer active listings are priced to sell. It is a result of..... Fewer buyers - Higher mortgage rates priced out some or most of the buyers...
This is the only other sale located on the Encinitas Ranch golf course that might be considered a comparable sale, but it's a completely different offering. The house has 5,200sf with pool on a half-acre lot - with no threat of golf balls hitting you while in the...
