The local Case-Shiller Index slowed its ascent in October, but you won't see many current homeowners complaining about a 19.72% increase for the last 12 months: Month M-O-M Y-O-Y March ’13 +2.0% +12.1% April ’13 +2.8% +14.7% May ’13 +3.2% +17.3% June ’13 +2.8% +19.3%...
Back on October 22nd, I said that I thought we'd be seeing zero appreciation in 2014, mostly due to overly optimistic sellers rushing to market with their over-priced turkeys. The resulting glut, combined with rising rates, would cause buyers to cool off, and regain...
There have been 145 new listings inputted this month, 171 that have gone pending, and 178 that expired, cancelled, or withdrew. It leaves us with 703 active listings (there is some overlap below in the active-listings counts due to the value-range pricing), of which...
Housing foreclosure authorities LoanSafe.org and YouWalkAway.com have created a new website to help people re-enter the housing market after having been through a previous foreclosure. The website is called AfterForeclosure.com and helps those most affected by the...
Price reductions should be done in smaller increments until offers start coming in - or if you do a big dump, the agent should be suited up and ready to conduct an effective bidding process. P.S. The agent has since raised the price on this one to $649,000:
Richard just uploaded his new La Costa listing this morning at 8:45am, and three offers are already in hand. It's going to be a wild 2014!
There are areas where you can sell your house today for the most money ever - higher than the last peak. Yet look how few sellers have been hitting the market lately: The frenzy that erupted at the end of 2012 was boosted by ultra-low rates, but the lack of inventory...
Here's an example of how sales momentum can catch fire when a few remodeled homes hit the market about the same time (addresses are links): 1019 Genie 4br/2ba, 1,613sf LP = $749,000 SP = $800,000 closed on 6/7/13 1002 Genie 3br/2ba, 1,550sf LP = $799,000 SP =...
Our Christmas-dinner conversation last night included a few thoughts about real estate, and reflecting back on the frenzy conditions in spring. The Frenzy of 2013 was slowed somewhat by higher rates & prices. But it doesn't mean it won't kick up again - because...
From our family (Donna, Natalie, Kayla, & Jim) to yours, Merry Christmas! This photo is from the biggest event of the year for our family, Kayla's graduation from college - which propelled her into the family business!
