July 12, 2024

California Real Estate – It’s Over!

Yes, I’ve seen this before in 2005. . .home prices still going up while home sales are falling!

For those of you who may not be regular readers here is the link to the first warning blog post that I put out; my first post where I called the real estate market top was June 15, 2021 (https://brokerforyou.com/brokerforyou/real-estate-market-downturn/ ) . On June 17 I had a follow-up post ( https://brokerforyou.com/brokerforyou/real-estate-market-bust/ ) where I added additional indicators, that to me showed that the market was in a topping phase right now! I put the links to each one of those prior post above, and would suggest if you’re interested, to reread those posts!

California Real Estate – It’s Over!

California Real Estate - It's Over!

It’s all bad news when it comes to real estate. Everyone is laying off their staffs in the mortgage sector. Home prices continue to go up and home sales are dropping dramatically. People cannot get loans and mortgage applications have dropped 50%. It’s Finished!

Yes, I’ve seen this before in 2005.  It’s the nature for real estate prices to be lagging indicators of the real market activity because it  can be 30 to 60 days before the property closes and the actual sales prices reported.

This is why sales prices are still going up while actual sales our  falling! Wake up people this is what a real estate market top looks like!  Now, the news is quickly spreading about the tremendous drop in mortgage loan applications, both for new purchases as well as refinancing.

California Real Estate - It's Over!
California – Vegas – Phoenix – Real Estate – It’s Over!

People should keep in mind that real estate brokers are not economist, and are trained that when anybody ask how the market is, they’re standard reply should be ‘fantastic’! Yes, the residential  real estate business is a sales business!  I would no more ask a local real estate agent what they forecast for real estate prices in the coming year, then I would ask the same question to an Amazon package delivery person!

It’s taken a while, but more and more people are finally realizing that real estate prices are about to take a huge haircut!  Now, one thing that is true in real estate, is that all local markets are different. So, even though I know we’re at the end of this unprecedented real estate boom and unrealistic home price appreciation, the price drops that we are soon going to see, are going to be quite different for each  local area.

Buckle up your seatbelt because the downward ride has just started!

Always keep in mind, that purchasing a home is a major lifestyle decision, and as such, should not be rushed into. So, by all means, if you’re considering purchasing or selling real estate in today’s market, do your own homework and draw your own conclusions! But, also consult with your legal & financial advisors prior to making your moves.

My opinions here are just that, opinions!  The fact that I’ve been in the residential real estate market for over three decades, does not mean that my opinions are going to be any more accurate then your mother-in-law’s opinion, though I sure hope they are!

California Real Estate – It’s Over!


San Diego Real Estate Website for sale

An  opportunity to purchase a two-decade old real estate site ( https://brokerforyou.com/brokerforyou/) centering on San Diego California. Besides a very unique and generic URL, the site has over a thousand pages of content which provides for easy updating and basic SEO techniques to regenerate it’s hi keyword standings for San Diego real estate.

  • www.brokerforyou.com is 24 Years old! The vast majority of search engine professionals agree that the age of a website is an important factor in the Google algorithm.

    There is also another undisputed factor in the ranking of websites. That factor, is the amount of unique specific content published on the website. So, it’s pretty hard for a two year old or a five-year-old or for that matter a 10-year-old website out rank a 24-year-old website that has 2 to 4 times the content.

    San Diego real estate opportunity  www.brokerforyou.com is for sale! if your real estate broker in San Diego California or thinking of expanding your brokerage business into San Diego, purchasing www.brokerforyou.com to give you a huge boost in becoming a player in the residential San Diego real estate market.

    Brokerforyou.com is for SALE

    Just like most major businesses, the easiest way, and the fastest way to expand your business and influence in your particular market is through strategic acquisition. Just look at Google, they are the number one search engine in the world! Google bought Youtube in November 2006 for US$1.65  billion! YouTube now operates as one of Google’s subsidiaries.

    www.brokerforyou.com is for sale and is offered with a very popular San Diego residential real estate channel with 1.16K subscribers and 114 videos!!

    What’s the approximately monthly cost to host a website?  With shared hosting, you’re hosting fee can break down to about 10 to $15 per month. To keep your url registered (that’s your site address), this is usually paid on a five to 10-year basis, which averages out to about just a dollar per month!  Naturally, if you add direct hook-up to a MLS database, that provides lead capturing, this costs can vary greatly from provider-to-provider.

    Interested, call Bob Schwartz (619) 286-5604 for additional information

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