The 1+ acre lot was probably what sold this one. Part of a nice flurry of July sales that are inline with the monthly sales counts in March-June. But the median sales price has a month-over-month change of -17%, which will cause the doomers to flip out. But it's only...
More plain talk from Steve about home prices and future appreciation rates. He is talking to realtors. What I sent to Steve: Hi Steve, I enjoyed your deep dive today and also put it on my blog where local realtors are known to hang out. You mentioned that you are...
My friend Steve did a nice job here comparing the forecasts to the national statistics (he's talking to agents):
San Diego is the #1 area that homeowners don't want to leave! Don't you get the feeling that we are going to out-perform every other real estate market in America for a long time to come? Today we have 2,293 active listings of attached and detached homes in the county...
Powell's goal was to crush the real estate market..... In June 2022, Powell told reporters that spiked mortgage rates would help to "reset" the U.S. housing market, and that "we need to get back to a place where supply and demand are back together and where inflation...
My thoughts below on how this year should wrap up. Buyers don't have any reason to rush anything because rates and prices don't seem to be going anywhere over the next few months. It will cause them to be extra picky which will tempt everyone to look ahead to the next...
The number of active (unsold) listings has been on the rise, and is now 13% higher than it was a month ago - though I would still characterize the current market conditions as steady. Compare your stats from this month to last June and July when higher rates had begun...
Here are expert opinions on the market. I disagree with all of them: The year started out with signs showing that the Federal Reserve’s inflation-fighting tactic was effective in cooling down the hot pandemic housing market. For the first time in 11 years, home prices...
The experts are saying that real estate has recovered and everything will be fine now, in spite of high rates. They are quick to add that nobody can predict the future! Well, it looks fairly predictable to me. The previous three years plotted above were the hottest...
Above is a sampling of the 163 NSDCC detached-home sales in May! Some details here:
