It's incredible to see how far we have come. While there are still plenty of buyers waiting for more inventory/lower prices/lower rates, this month's sales and pricing combination will rival those at the previous peak. Let's estimate this month's sales and pricing....
Hat tip to Ken for sending in this article from Forbes: http://www.forbes.com/sites/morganbrennan/2013/06/24/3-reasons-the-bubble-like-surge-in-home-prices-wont-last/ An excerpt that suggests one reason why prices are going up: In some cases banks are choosing to hold...
The San Diego Case-Shiller Index for April showed a higher reading, as expected. The February/March/April period was the hottest of the year, and hopefully the index will start moderating in the coming months. San Diego Case-Shiller Index, Seasoanlly-Adjusted Month...
A nice day at the beach today - a clear view after a good breeze:
http://www.mortgagenewsdaily.com/consumer_rates/314072.aspx Mortgage rates finally lost less ground than they have over the past few business days. The problem is that this still left room for rates to go higher at a much faster pace than normal. Some borrowers will...
The last period had 73 new listings, and 66 new pendings. In the last week we had a 100:69 mix of new and pending listings, which should begin a trend that's closer to the more-normal 2:1 ratio, as more sellers sense the opportunity: The UNDER-$1,200,000 Market: Date...
The SD Public Administrator's sale is scheduled for July 18th. One of the properties being sold is near La Jolla, next to Kate Sessions Park - the opening bid is $585,000: From their website: http://www.sdcounty.ca.gov/hhsa/programs/papg/terms_and_conditions.html The...
Enough people have sent this in that I guess it needs to be addressed, but this is what every agent does. The rest of us call it "getting listings", because we do what's best for the seller:...
Prof Hoff is selling her inland digs, and what a house! She and Tom have created an incredible modern contemporary with epic views of the mountains and hills - and centrally located less than an hour from Laguna Beach, Newport Beach, South Coast Plaza, John Wayne...
The folks at cnbc debate the effects of higher mortgage rates here: http://video.cnbc.com/gallery/?play=1&video=3000177704 Diana said, "I'm not so sure that interest rates are worse than rising home prices. We have seen a spike in home prices because of low...
