The media has begun its assault on the weakening real estate market, but is it weak? Not really, at least not around here. Over the last nine years, NSDCC detached-home sales have averaged 223 closings per month, and up until last year, there was only one month that...
Diana: The enormous drop in July new home sales really shocked the market and today the bears are taking on the bulls in force. Let's recap for a second. July new home sales dropped over 13% month to month. existing home sales actually bumped up a healthy 6 .5%. why...
The mid-range market isn't getting much help from defaulted properties - here's a look at last month's foreclosure notices sorted by home size and their estimated value:
Another view from flipperville, plus a prognostication at the end about the baby-boomer generation:
Mortgage rates jumped into the mid-4% at the end of June, and most of us thought that would put a damper on sales by the end of summer. Buyers who had locked their rate for 30 days were able to close in July. By August, you'd think that we'd be seeing some evidence...
Santana brought the Latin Rock Fusion to Woodstock. They started at 2:00 pm on Saturday, the 16th of August, 1969. Relatively unknown for the audience, Santana hit the nerve of the party crowd quite well. Their debut album Santana was released in the same month. The...
Reprinted with permission from the SD Daily Transcript: The California Coastal Commission will consider an appeal of a permit granting Mitt and Ann Romney the right to demolish their existing 3,900sf La Jolla house and build a more-than 11,000sf mansion on Sept. 11....
Headlines everywhere are touting how rising rates are slowing down the real estate market. The experts jump to conclusions, and the media loves bad news. One of our favorites is front and center today - Lawrence Yun. From cnbc.com: "The modest decline in sales is...
Now that rates have gone up (30YF conforming is 4.53% today) and summer is over, we're wondering if buyers are still in the hunt....and if so, how many?
An excerpt from cnbc.com's interview with Robert Shiller: CNBC: We have the twenty-city up double-digits for the fourth straight month. what do you make of that? RS: Well, obviously, we are in a housing recovery, at least for the short term. I have always been less...
