Klinge Realty Group

Check out all our active listings this weekend at our open houses!

In Carlsbad we have 1011-13 Knowles Ave & 1027-29 Knowles Ave, two properties each with two homes, perfect for multigenerational-living or rental opportunities! Each listed for $2,250,000. Open 12-2pm Saturday and Sunday.

Also in Carlsbad is 1846 Cliff Swallow, a beautiful townhome located near the Dove Library, various restaurants, shops, salons, Cinepolis, and more! Features a spectacular community pool. Newly priced at $1,195,000! Open 12-2pm Sunday.

In Marina Del Rey, 4748 La Villa Marina Unit D is a move-in ready townhome with all the renovations done - just bring your toothbrush! Newly updated pool area was complete last month with a sauna, outdoor shower, grill, fridge, and more! Open 1-3pm Sunday.

Klinge Realty Grouo
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On Monday, I published the article by Mike Simonsen about the practice of refreshing a listing, and how 1.4 million listings will be refreshed this year throughout the country. It’s a practice that intends to deceive buyers.

How popular is it locally? Today there are 452 NSDCC active listings:

20% of them have been on the market for 100+ days.
24% of them have been on the market for 14 days or less.

Of the 109 listings (24%) that were inputted over the last 14 days, TWENTY percent of them have been on the market previously in 2026. It is a deliberate attempt by listing agents to deceive the public, yet nobody talks about it (except Mike).

Here's why I think this is worse than pocket listings:

Refreshed Listings Are Worse - bubbleinfo.com Even though pocket listings allowed within the NAR rules and every brokerage does them, the industry has been enbroiled with the topic and pointing fingers at Compass for pushing the idea. But nobody cares about agents cancelling a listing, and then "refreshing" them by re-inputting the listing on t...

Geez – we’re doing pretty good! Let’s help your kids buy a home! An excerpt from a recent Realtor.com article:

"In San Diego, CA, Gen Z and millennials have seen their housing wealth grow by an impressive 269.50%, according the 2025 Realtor.com® Generational Wealth report.

This highlights a broader trend where purchasing a home earlier can lead to substantial wealth accumulation. The median age for first-time homebuyers has risen from 30 in 1990 to a projected 40 in 2025, largely because home prices have increased nearly twice as fast as incomes. This also means the time needed to save for a down payment has stretched from 3 years to almost 10 years.

But for those who managed to land in a desirable metro like San Diego, the hefty amount of funds needed to purchase a home more than came back to the youngest generation of buyers."

Read more: https://www.bubbleinfo.com/2026/06/10/san-diego-gwt/

The generational wealth transfer (GWT) has swamped the ways to measure the local real estate market. I asked Bill about it on Sunday’s podcast, and he said he didn’t have any way to measure the GWT.

But we know it’s happening because the market has become totally detached from the previous standards - see this post: https://www.bubbleinfo.com/2026/06/05/gwt/

The pertinent evidence is that there should have been a resulting downdraft in home pricing to compensate for mortgage rates doubling in 2022. But as we’ve seen, pricing has not only held up, but it has increased somewhat since then!

With all other variables the same (primarily the tough mortgage-underwriting guidelines combined with the limited supply of homes for sale), something has to be supplementing the demand side.

GWT - bubbleinfo.com The generational wealth transfer (GWT) has swamped the ways to measure the local real estate market. I asked Bill about it on Sunday's podcast, and he said he didn't have any way to measure the GWT. But we know it's happening because the market has become totally detached from the previous standards...

We may think that boomers are wealthy and will be showering cash all over the real estate market for decades to come. But that won’t impact the supply – especially if they just age-in-place for the next 20-30 years! We need them to move – and soon, before they get too old.

This article describes some of the complications – an excerpt:

"The reason boomers don’t move isn’t just sentiment: Most boomer homeowners (about 54%) have no mortgage at all, so there’s little financial pressure to sell. A Redfin analysis of 2024 Census data found that empty-nest baby boomers (one- to two-adult households) own 28% of U.S. homes with three or more bedrooms, compared with 16% for millennial households with kids.

At one end is the anxious, under-saved retiree doing everything possible to stretch limited assets. At the other is the California homeowner who bought for just over $1 million and now sits on a home worth more than $4 million—but worries that selling would trigger close to $1 million in combined federal and state taxes. In the middle is a broad group that describes itself as “fine, but not secure” and treats staying in place—physically and professionally—as the only rational option."

What would it take for you to move? We have bridge financing so you can buy before you sell. You can also get a 5-year mortgage for 5.5% for those who are confident about paying it off in the next few years.

Is it just because you are reluctant to leave town? Or pay the taxes? If I moved, would you? I’m thinking about it!

Read more: https://www.bubbleinfo.com/2026/06/09/not-golden-for-all/

There was a big drop-off in sales last month, compared to April. But those April sales were the highest monthly total on the chart, and probably the most since rates started to rise.

There were 28% of the May sales that closed for more than their list price!

Only ten of the 160 sales had zero days-on-market, which makes me think that the topic of off-market sales is a novelty and not likely to move the overall market. They are lucky sales.

The NSDCC market is now tracking slightly better than it was in 2024! Take a look at the specific numbers in the second photo.

Incredible! Mortgage rates are still high, the Iran war isn’t over, and chaos is everywhere.

Are buyers feeling the need to hunker down, and that’s what keeps them interested? I looked it up - see here: https://www.bubbleinfo.com/2026/06/08/inventory-watch-561/