We've heard all the hubbub about higher mortgage rates having a negative effect on the real estate market. But the non-taper has caused rates to come back a bit - we are now down around 4.375% for 30-year conforming rates. For those who had their heart set on having...
During the frenzy, any house that was within 10% of being right on price would sell. The real evidence of a slowdown is when those houses that appear close enough aren't selling.
Shiller also said that a housing slowdown would be a good thing, and I agree. Thanks to avgjoe for sending this in!
The non-seasonally-adjusted SD index moving at a less-torrid pace: 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% July '13 +2.0% +20.4% “Home prices gains are holding their 12% annual rate of gain established...
These sellers paid $500,000 in February.
Bill at CR brought up today how the national inventory of active listings has "bottomed", and is trending upward: http://www.calculatedriskblog.com/2013/09/weekly-update-existing-home-inventory_23.html The group of "unsolds" has been growing in San Diego too - from...
To give you an example of pricing accuracy, let's compare today's list prices to the average $/sf of last month's solds. There were 227 detached homes that sold under $1,200,000 last month, and they averaged $381/sf - and today's list prices are averaging $398/sf,...
We've seen signs of slowing, but sellers are able to control their own destiny:
Here are the statistics from North SD County's Coastal region (La Jolla to Carlsbad), comparing house sales closed between June 1st and August 31. In some areas, the summer of 2007 was just as hot as the previous year, but for the majority, the highest average...
The listing on Forest, a 1,516sf house built in 1946 and in original condition, gets mentioned in the video below. It was listed for $2,089,000 when it went pending, and here's its video tour: http://youtu.be/4Wh8yDkgXfU This new house is about 1/2 mile away from...
