Reports On Housing started in 2004 by Steven Thomas w/ a Quantitative Economics and Decision Sciences degree, an expert analysis of real estate housing trends.

Ladera Ranch
Joined October 2011
馃尨 Ventura County Closed Sales: September 2026 Sales improved 4% year over year, with 495 closings compared to 477 last September. Even with the annual gain, activity remains 32% below the pre-COVID average, showing how restrained sales still are. #HousingMarket #RealEstate
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馃寠 San Diego County Closed Sales: September 2026 Sales fell 7% year over year, with 1,852 closings compared to 2,002 last September. Even more striking, activity remains 38% below the pre-COVID average, underscoring just how subdued sales remain. #HousingMarket #RealEstate
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馃搳 Mortgage rates dipped from 7.37% to 7.33% this week, extending last week鈥檚 decline as concerns about tech-company debt continued to support bonds and weigh on Treasury yields. 馃搮 Next week: Fed rate decision and PCE inflation data. #MortgageRates
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馃彙 Ventura County sellers remain relatively scarce. Through September, 6,974 new listings came to market, 2% fewer than last year and 24% below the pre-COVID average. Even as the market slows, homeowners are still listing at a much lower pace than before the pandemic. #Housing
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馃彙 Median Days on Market varied widely across the regions we track in September. The Bay Area remained the fastest at just 16 days, while Phoenix was the slowest at 56 days. DOM is useful, but Expected Market Time provides a clearer picture of overall market speed. 馃搳 #Housing
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馃幀 Los Angeles County Closed Sales: September 2026 Sales declined 4% year over year, with 3,769 closings compared to 3,923 last September. Activity also remains 30% below the pre-COVID average, showing how subdued transaction volume remains. #HousingMarket #RealEstate
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馃崐 Orange County Closed Sales: September 2026 Sales fell 4% year over year, with 1,729 closings compared to 1,805 last September. Activity remains 30% below the pre-COVID average, and higher mortgage rates could put additional pressure on sales moving forward. #Housing #RE
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馃搳 Mortgage rates fell to 7.37% this week. Concerns about tech company debt drove a stock selloff, sending investors toward bonds and helping push Treasury yields lower. 馃搮 PMI is up next week. #MortgageRates #HousingMarket
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馃寠 San Diego homeowners remain reluctant to sell. Through September, 30,439 new listings hit the market, 4% fewer than last year and 29% below the pre-COVID average. Even in a slower market, the number of owners choosing to list remains historically low. #HousingMarket #RE
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馃搲 Price cuts are becoming harder to avoid as the fall market slows. In October, more than 40% of active listings had reduced their asking price in 7 of the 9 markets we track, led by Phoenix at 53.7%. Sellers are competing harder for a smaller pool of buyers. #HousingMarket
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馃彙 Los Angeles homeowners are still sitting tight. Through September, new listings totaled 62,242, just 2% behind last year but still 16% below the pre-COVID average. The bigger story remains the same: fewer owners are choosing to sell than before the pandemic. #HousingMarket
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馃彙 Orange County new listings remain close to last year. Through September, 23,808 homes entered the market, just 1% fewer than in 2025 and 27% below the pre-COVID average. Seller activity remains constrained despite today鈥檚 slower market. #HousingMarket #RealEstate
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馃搳 Mortgage rates fell to 7.48% this week, moving back below 7.5% as Treasury yields eased. Inflation concerns and bond market movements continue to shape rates. 馃搮 CPI and PPI are up next week. #MortgageRates #HousingMarket
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馃挼 Cash purchases declined across the markets we track in August. There were 5,641 cash sales, down 11% from last year and 8% from 2024. Despite higher borrowing costs, even cash activity has softened alongside the broader slowdown in sales. #HousingMarket #RealEstate
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Very, very few households we just surveyed are interested in buying a home at 7.5% mortgage rates. Only time will tell if/when this housing logjam starts to break.
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馃挼 Southern California cash purchases declined in August. There were 2,675 cash sales, down 9% from last year and 11% from 2024. Cash buyers remain an important part of the market, but activity has clearly softened alongside overall sales. #HousingMarket #RealEstate
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馃搲 More homes closed below asking price in August across the markets we track. Higher mortgage rates and the seasonal shift toward a slower market likely gave buyers more negotiating power, making it tougher for sellers to achieve full price. #HousingMarket #RealEstate
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馃搱 Homes still sold above asking in August, but conditions softened across all the areas we track. Higher mortgage rates and the seasonal shift toward a slower market appeared to weigh on pricing, leading to fewer successful above-asking sales. #HousingMarket #RealEstate
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馃搳 Mortgage rates rose to 7.57% this week (up from 7.49%) as Treasury yields climbed on inflation fears, high oil, and debt worries. Softer PCE and jobs data offered brief relief, but couldn't stop the bond selloff. 馃搮 PMI is up next Monday. #MortgageRates #HousingMarket
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馃彟 The Fed outlook could shift tomorrow. Markets currently price in a 66.2% chance of no change at the next meeting versus a 33.8% chance of another rate hike. The September jobs report arrives tomorrow morning and could quickly move those odds. 馃憖 #FederalReserve #JobsReport
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