From HW: Although the drop in default rates shows promise, the amount of shadow inventory still creates a dark loom over the future of housing prices, according to latest results from Standard & Poor's U.S. Residential Performance Index. The shadow inventory of...
Here are the detached closings for Del Mar, 92014, between Jan 1 and July 22: Year # of sales Avg $/sf 2009 59 $692/sf 2010 51 $632/sf 2011 90 $638/sf Last month there were 17 sales, averaging $607/sf. There are 138 detached homes for sale currently, and those list...
Hat tip to daytrip for sending this along, from the wsj.com: The Obama administration is examining ways to pull foreclosed properties off the market and rent them to help stabilize the housing market, according to people familiar with the matter. While the plans may...
Our old friend Will Carless has completed an investigative report on building affordable housing in SD. Click here for the full report, and an excerpt: In Barrio Logan, in the shadow of the Coronado Bridge and under the watchful eyes of the Chicano Park murals, bright...
Remember the guy who bought the new-home foreclosure in Leucadia for $810,000 in January, 2010? He found out later that the house he bought was tied up with the Barratt bankruptcy, due to the low-income housing required by the City of Encinitas. The City wouldn't...
Remember how some thought that rates would skyrocket after QE2 ended in June? From the AP: WASHINGTON (AP) -- Fixed mortgage rates were mostly unchanged this week, inching up from their yearly lows. The average rate on the 30-year fixed loan ticked up to 4.52 percent...
Opening Day at Del Mar:
This guy has experience in the mortgage industry, so that makes him an expert about housing demand. Here's the link: http://www.pimco.com/EN/Insights/Pages/Are-There-Any-Rungs-Left-on-the-Housing-Ladder.aspx My takeaways: 1. He ignores the fact that tough underwriting...
Instead of checking every MLS system in the country (or perhaps just monitoring their own realtor.com), the NAR approximates the annual sales pace every month. From the AP: WASHINGTON (AP) -- Fewer people bought previously occupied homes in June, putting this year on...
Mozart has staked his reputation on North SD County Coastal home prices going up 10% in two years. If there were rumblings of increased pricing, would buyers get off the fence? Yes, I think they would, but being off the fence and actively looking for a home, is...
