It looks like we had 18% more net migration in the previous period. We need more people leaving, not less. We need to get into the Top 5 here. We can do it - let's go San Diego!...
Net Migration
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Market Conditions
Swim On By
Let's pay attention to current events: View this post on Instagram A post shared by Klinge Realty Group @ Compass (@klingerealtygroup)
California Migration
As recently as last year there was concern about people leaving the state. But now we are begging you to leave....please! And we'll shower you with money! The future migration trends - starting in 2023 - should show a remarkable pivot and either everyone who was going...
Prices Expected to Bottom
Price-wise, we are back to where we were at the end of 2021, so the data above should still be in the ballpark. Glad to see that San Diego isn't considered as wildly overvalued - it's expensive here and people can afford it, apparently. I like that the J.P. Morgan...
Inventory Is Bleak!
For the buyers who want to live in a master-planned community with good schools, how bleak is it? No one will be surprised to see the newer tracts hunkered down for another decade or longer, so let's look at the older communities - those that are 20-25 years old....
Up or Down?
We know that 80% of readers don't go past the headlines, so the UT is challenging their customers lately to figure out the direction of the real estate market. These are their headlines from the past two days: I have reached out to the author previously, but no...
Inventories Soaring Elsewhere
It looks like the San Diego market is surviving the current conditions quite well, while the rest of the country is being crushed by soaring inventory. The Californians must be staying home, and those feeder towns are suffering! Any town that has a +50% increase...
SD Cash Sales
Wondering how the local market can survive higher mortgage rates? It starts with the cash buyers laying the foundation of comparable sales, and financed buyers deciding if they can keep up. Thanks to Julie Chang for posting this data - her thread of comments here:
Inventory Watch – Under $3,000,000
Actives = green, Pendings = blue Last week, a reader suggested that we highlight the Under-$3,000,000 market. It is astonishing that in an area of 300,000 people, there are fewer than 100 houses for sale priced under $3,000,000 (and none under $1,195,000). Our...
NSDCC Feb Sales & Pricing, Prelim
It was the most insane frenzy ever, and it was the most intense at the beginning of last year as inventory started to thin out. Compared to that environment, I think these stats look pretty good: NSDCC Monthly Sales and Pricing Down 5% to 10% YoY, and on the rise? ...
