Kayla returned from Manhattan for the long Thanksgiving weekend, and we were talking about the sluggishness in New York City market, which has been going on for 2+ years. By now agents have learned that there's no use fighting it - you have to learn to adapt. It was...
The local birdcage liner has an article on price reductions, and mentions that San Diego leads the nation this year. This is how they introduced it: This isn’t a sign that the bottom is falling out of the market. Instead, after years of rapid price increases, experts...
Home sellers and agents will conveniently write off today's market sluggishness as typical year-end slowdown, and in 2019 they will simply do what they've always done - put a bloated list price on their real estate. You can't blame them - it's their chance to win...
This is the fifth major project that Mark Morris has completed for our different clients over the years, and he went all out on this one! This video tour is over ten minutes long, but feel free to use the pause button liberally:
A year ago, I guessed our NSDCC sales would be down at least 5% in 2018, and it looks like it will be closer to -10%. While I'm confident that sellers will refuse to lower their price expectations much in 2019, I doubt that home buyers will just go along as they have...
Below is the evidence put forth by a Bay Area realtor to show two things: Redfin home-value estimates are tied to the list price, and their estimates are increased as they gauge the traffic. Buyers are assuming the Redfin estimates to be accurate, and rely on them...
This was listed on the range $13,888,000 to $14,888,000, and had been on the market since summer of 2016 (and refreshed several times). Then somebody came along and paid $15,000,000 cash:
Things that blow out deals are usually avoidable, and are easy to identify in hindsight. In this case, the agent let the buyers pick a roofer out of the book, which is a terrible way to do business. He gets paid the same whether he blows the deal or not, so of course...
Should buyers wait a while to see what happens to the housing market? Are we just seeing the usual end-of-selling-season malaise when where all of the motivated sellers have succeeded, and just the OPTs are stacking up? Or has the market shifted.....for good? Is this...
We might be seeing some whipsaw effect with today's buyers being overly cautious. Either that, or we've ran out of the buyers who jump in too fast or too high, and just the deliberate ones are left: Millennials aren’t exactly jumping for joy after purchasing their...
