In my last article, I discussed the forces at work in the real estate market driving sales ratios and prices. Most notably, the three factors slowing the number of sales were low inventories, interest rate concerns and most especially, the lack of affordability. The California Association of Realtors is constantly tracking all sorts of variables…
The real estate market is in a sleepy mode, and there are lots of reasons for this. This is the first of a two-part peek at the forecast for 2016, and in this first of the series, we’ll lay out the forces that are at play, setting the stage for what is to come. In…
Real estate brokerage is a business serviced by individuals who are usually older than their clients. A recent NAR survey found that only about 3 percent of real estate agents were under 30, and 81 percent were older than 45, with 25 percent over 65. Since we know that older people have less familiarity and…
Climate change is in the news. We reported last week that most of the great cities of the world, built on trade routes, happen to be waterfront. This is not the greatest thing in our coming future of warmer temperatures, melting icebergs and rising seas. In spite of this, we just have this incredible affinity…
Change is constant, and remarkable. Climate change, a new and undeniable reality of our times, is altering our world and our plans for the future. Recent studies have suggested that sea levels around the world appear to be rising some 60 percent faster than projections made only a few years ago by the U.N. Intergovernmental…
Selling real estate is a terrific career for lots of reasons. But not everyone has the temperament for it and will excel. In every real estate office there is always a star performer, one who sells the most and walks around with a smile on his or her face. What are the qualities that are…
Real estate and mortgages are co-dependent and though other factors impact prices and sales rates, none probably more than the ability of buyers to borrow money. So this week we’re looking at whether impending increases in interest rates will do any serious damage to what is now a hot market in San Diego and other…
