Home Price Reductions
Home Price Reductions on Active Listings
A quick look add a real estate market leading indicator, price reductions on active listings, in a couple of main Metro areas in California and Arizona.
Keep in mind when looking at the charts, the notice the trendline of today’s price reductions versus price reductions last year in 2021. Read more 
Housing Bust Inventory Surge
Housing Bust Inventory Surge
The Housing Bubble is turning into a Crash. Buyers are dropping out of the market and inventory (aka homes for sale) is surging. This is likely to get worse in the future because Mortgage Purchase Applications – a forward looking indicator of Housing Demand – keep declining.
States with massive surges in Homes for Sale include Idaho, Utah, and Arizona.
California Housing Markets 2021
California Housing Markets 2021
California’s Housing Market is in a massive bubble territory in 2021. There are signs that the current real estate market cooling, is about to turn into a major downturn. But, that is just my personal opinion & if you disagree, or for other reasons, are considering purchasing a California home, this video may shed light on the best California areas to consider. Some California cities are more at risk of a Housing Crash than others. Find out what the BEST v. WORST cities are for real estate in California!
Real estate prices across California have reached record levels relative to wages. At the same time, there is an exodus of people migrating out of California. Read more
Canadian housing bubble?
Canadian housing bubble – a reflection of the Southern California housing market?
Could the fast home appreciation occurring in Canada be a mirror reflection of our own Southern California real estate market?
Canada is experiencing a huge real estate boom over the past two decades. When I say boom…I just mean the value of someone’s house goes up a lot. This is great for current homeowners, but this is terrible for new home-buyers who now have to take out a much larger mortgage to get their first house.
Why is this a problem? Why is it bad for someone’s house to appreciate rapidly in value for decades? This is bad because it eventually gets to a point where the price of a house is beyond any accurate or rational reflection of its actual worth. A house with a value of $1,000,000…may in reality only is worth a couple hundred thousand. Read more