National inventory in green on left - it looks like they expect another 50% drop next year! On the right, they are predicting that there will be less than 1 foreclosure filing per 1,000 households by the end of next year. The banks figured it out - just stop...
Demand for new mortgages is finally revving up—among big spenders, anyway. Home sales using a jumbo mortgage had year-over-year growth of 7.9% through September, compared with 2.7% for nonjumbo sales, according to an analysis for The Wall Street Journal by...
Happy Thanksgiving to you and yours, JtR - and many thanks to our troops!
If you are looking for a horse facility that is closer to town than most, yet has plenty of hills and trails for riding, check out this property:
Can we predict what sellers will do next year? Let's look at what they are doing now - certainly today's sellers have heard that market is hot due to the low inventory, and they are hoping to capitalize. Can they keep their optimism under control? This should be a...
There are probably those who are formulating their predictions about the 2013 market, and now that the comments are on, are getting ready to share with us what they see coming down the road. Lately the media has been unabashed in their fondness for the apparent...
What do you do when a house falls out of escrow when there was a load of interest and/or offers? Usually you'll see the listing agent immediately throw the property back into the MLS's active category, subject to cancellation of the previous escrow. If previously...
Terramar is my favorite neighborhood in Carlsbad. It is about 300 houses within two blocks of the beach near Cannon and Carlsbad Blvd. where you find older houses on 7,000sf to 11,000sf lots with no fees and just a bunch of great neighbors. It's also where the...
It's the week of Thanksgiving - thanks for being here! On September 27th when the comments went off, I thought we'd lose a third of the audience. Over the last thirty days we've had only 13% fewer unique visitors than during the 30 days prior to September 27th. The...
They try to sell this house every year between tenants, which is a smart move. They did lower the price this year, from the $1,985,000 they've been asking over the last 3 years. They paid $1,625,000 in 2004:
