Pardon the casual presentation. I’m used to working with this same basic graph format but it’s limited to 50 datapoints – we’d really like to take these back a few years to see the long-term trends. But in early 2023, the active listings in the $3M – $4M category were range bound between 1,170/sf and […] The post Overly Optimistic first appeared on bubbleinfo.com ..read more

This is where we lived when I went to high school in Phoenix Arizona. My parents paid around $35,000 for it in 1972, and when they sold it in 1979 and moved back to California they got around $80,000 for it. The owners have done the obligatory update, but the house itself hasn’t changed much […] The post Our Old House first appeared on bubbleinfo.com ..read more

While the benefits of buyer-agents may be obvious, will anyone stop their demise? Probably not. Will it become easier or harder to buy a home? The answer is unclear amid widespread confusion over what’s happening to real-estate agent commissions. On April 5, a federal court determined that the Justice Department can reopen its investigation into […] The post Buyer-Agents Getting Squeezed Out first appeared on bubbleinfo.com ..read more

There isn’t as much fluff as we used to have in the pre-pandemic days. In March 2019, there were 6,026 homes for sale, but only 2,554 sold, which means there were lots of sellers and agents on the open market who were in price-discovery mode – and they found out what the market wouldn’t bear. […] The post More Actives & Fewer Sales first appeared on bubbleinfo.com ..read more

The first quarter of 2024 is the only 1Q in recent history to have increases in BOTH the number of listings AND the median list price. Previously, increases in pricing had a corresponding dip in the number of listings available for buyers to consider. If you are like me, you’ve seen a noticeable surge in […] The post NSDCC First Quarter Comparisons first appeared on bubbleinfo.com ..read more

It looks like we’ve found the number. Because the inventory was so low last year, I thought the market could easily handle a 10% to 20% increase in active listings this year. But now the number of actives is +30% YoY, and the pendings aren’t increasing in a similar fashion. If sales don’t pick up, […] The post Inventory Watch first appeared on bubbleinfo.com ..read more

Attorneys for the plaintiffs claim they spent 96,500 hours and $13 million of their own money to review over 5 million documents. They retained at least 20 experts and consultants, and performed approximately 180 depositions, and suffered through three unsuccessful attempts at mediation to achieve this result. The two lawsuits have over 1,800 docket entries. […] The post Commission Lawsuit Pay Outs first appeared on bubbleinfo.com ..read more

Urban sprawl in west Phoenix is a tradition and it makes you think that eventually the desert will be paved all the way to California! We have clients who have befriended Shawn and find her personable and a believer in real estate videos. Here’s her introduction the the best 55+ homes in the west valley: The post West Phoenix 55+ first appeared on bubbleinfo.com ..read more

For the newer readers, Donna and I have two daughters. After Kayla graduated from the University of Oregon, she worked with us for five years and then moved to Manhattan where she’s been a realtor there for the last six years. Natalie has always been a dancer, and she graduated from UCLA with a degree […] The post The Succession Plan first appeared on bubbleinfo.com ..read more

We are with daughter Natalie who is on tour with Karol G. on their Latin America leg with shows in Lima, Peru this weekend. We went to Machu Picchu yesterday: The post Machu Picchu first appeared on bubbleinfo.com ..read more