On the Road with Dave – Literally
To some this post might seem random, however I think it effectively illustrates how consumers are changing their behavior when it comes to real estate, housing and lifestyle choices. If you are not familiar with the RV world and interested in learning more, read on....
Explaining Stock Market Volatility and Lower Interest Rates
The stock market has exhibited a great deal of volatility for most of 2018, especially since the beginning of October when it fell almost 20% to 21,972 on Christmas Eve. And since 12/24, the DOW is up 5% to 24,000. Fears of a slowdown in the economy due to rising...
Home Prices – Still Up but at a Slower Pace (Case-Shiller, CA & OC Latest Results)
At the national, state (CA), county (Orange) and in many neighborhoods, prices have continued to appreciate but at a slower pace. At the national level, the results for the S&P CoreLogicCase-Shiller National Home Price Index released on 10/30/18 showed that home...
Dave’s Top 10 (Economic Factors You Should Be Following) – Q3
I had the pleasure of presenting the Q3 "Dave's Top 10" to a group of local Realtors® this morning. The presentation is attached here. The Q3 Top 10 Factors are: Headline Du Jour Housing Demand Housing Supply Interest Rates Home Values Relative Value Analysis Rent...
On The Road With Dave – Huntington Harbour
Relative Value: The market value of one property when compared to the market value of a similar property. I was exploring Huntington Harbour a few weeks ago, and was struck with what I thought was excellent relative value when compared to similar properties in...
Real Estate Factoids for Your Reading Pleasure
The Real Estate Market is in transition. A few more months of data & activity will give us a better idea as to what the market will look like in 2019. Below are 6 "fact / takeaways" for you to digest and share with your clients. Also, I am working on the Q3 "Dave's...
Newport Beach Projects and Initiatives
The residential real estate market is in what I am calling a transitional period. Many of the economic indicators such as home sales and inventory levels are starting to send different signals. Interest rates continue to trend higher, the supply and demand dynamics...
Dave’s Top 10 (Economic Factors You Should Be Following)
I had the honor and pleasure of presenting the latest "Dave's Top 10" to members of the Newport Beach Association of Realtors ("NBAOR"). The presentation is attached here. The Top 10 Factors are: Interest Rates Rent vs. Buy Purchasing Power Alternative Asset Classes...
Eastside Costa Mesa – A Very Hot Market!
Eastside Costa Mesa has been a very "hot" market the past few years. The chart below shows how home values have performed. The average sales price in Q2 2018 for a single family detached home was $959,660, 8.52% above the previous peak in Q3 of 2006 of $884,316. ...
Orange County Home Price Index (OC HPI) – Q2 Results
The Q2 results for the Orange County Home Price Index (OCHPI) are in! Created by Girling REIG, the OCHPI examines home prices in Orange County for a "standard" home. A standard home is defined by the following criteria: Cities: Anaheim, Costa Mesa, Fullerton,...
And the Higher Prices Just Keep on Comin’ (Case-Shiller, CA & OC median home prices and the Q2 BIPI results)
With the beginning of each quarter, new home price data is released that is used to update monthly and quarterly home price indices. At the national, state, county (Orange) and in most local neighborhoods, prices now exceed peak 2006/2007 levels. At the national...
On the Road with Dave #1
One of my favorite excursions is a visit to another city or state to explore the real estate markets and to identify values, trends and opportunities. In fact, I will periodically post my real estate-related travels ("On the Road with Dave") going forward. Recently...