While the real estate market has been bubbling, Robert J. Shiller doesn't think we are in a real estate bubble. At least not yet. Shiller who, along with Karl Case, developed the S&P/Case-Shiller Composite Home Price Index, wrote a column for the this Sunday's...
Month: September 2013
Old Spanish-Style
Usually these oldies from the 1930s have plenty wrong with them - multiple funky updates that need to be re-done, small rooms, small yards, etc. They also tend to be in the original neighborhoods of San Diego County, some of which haven't fared too well. But this one...
Inventory Watch – Healthy Week
September, 2013 is wrapping up, and currently this month's closings of NSDCC detached-homes are averaging $468/sf, which is 7% above last month's $436/sf, and 25% higher than last September's $373/sf. But there have only been 220 closed sales, with one day left plus...
Contemporary Cabin
Perched on the shores of beautiful Lake Okanagan, this Naramata vacation home is a family’s “dream-come-true.” Inspired by client sketches and the surrounding geography, the project was designed from the ground up. The result is a modern home that remains true to the...
CV & Chevy
The new homes being sold in Carmel Valley are about the best thing that could happen for the resale market. Buyers get to secure their place on 'the list', and use it as a marker for resale comparisons over the next 3-6 months while waiting for their number to come...
La Jolla Case Study
Those familar with the mid-century modern homes have probably heard of the Case Study houses, which wiki calls 'experiments in American residential architecture'. Unfortunately this video is of the corner house which is two doors down, and then only drives by the...
Double Bubble?
Two excerpts, the first from: http://www.businessinsider.com/shiller-starting-to-worry-about-a-bubble-2013-9 In general, real estate markets are hot right now and I know I’ve never seen so much building and activity in the San Diego area as I do today. And if you ...
HUD and Short-Sale Dual Agency
Received today from the National Association of Realtors: NAR members recently received word that the U.S. Department of Housing & Urban Development would be implementing a new policy on Oct. 1, 2013, that would prevent dual agency agreements in FHA...
Why Slowdown Is Good
We keep hearing that inventory is growing, but what does that mean? In the traditional way that the media reports it, a growing inventory means that there are more active listings of homes for sale. The assumption is made that this is 'good' and 'getting back to...
Encinitas Santa Fe
This was a good deal - it went pending this afternoon: