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Most recent articles

1927 Beach Bungalow

The classic beach bungalow has special appeal to those who remember growing up near the ocean and living in one just like this – and there aren’t many left! You’ll be paying close to a million or more to be this close to the sand anywhere else in North SD County – and this can be yours for $649,000!

Posted by on May 21, 2015 in Bubbleinfo TV, Jim's Take on the Market | 1 comment

Effect of Rates on Prices

We saw yesterday that the number of sales in the first four months of 2015 was only exceeded by those in 2013 – which was the only other time mortgage rates were in the mid-3s.

Let’s compare the mortgage-rate history of those two years:

2013 vs 2015

In 2015, the spring kick got a early boost as rates dropped close to the enticing 3.5% range.  But now rates are on the upswing.

This graph from the shows how prices jumped substantially in the first half of 2013, but stalled as soon as rates began rising:

price trend so cal

The lower rates haven’t boosted prices as much this year – of course, we started at a higher point. Rising rates now should cause at least the same effect that they did in the second half of 2013 – flatsville.

rates apr19

Posted by on May 20, 2015 in Jim's Take on the Market, Sales and Price Check | 1 comment