Rates have come down nicely, and may break into the 3% range again, which could ignite the market. It may already be happening - I ran into four different bidding wars in the last week! http://www.mortgagenewsdaily.com/consumer_rates/329722.aspx Mortgage rates...
The pace of the non-seasonally-adjusted SD index is still less-torrid: 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% August ’13 +1.8% +21.5% Slow deceleration is...
From businessweek.com: For anyone wanting to know if the U.S. housing market is turning into a new, speculative bubble, a good and overlooked way to tell is the price of land. A real estate professor at the University of Wisconsin has done just that—and concluded that...
This year we have had a full-fledged frenzy, with both sales and pricing on the rise. Is it still a frenzy if prices increase, but sales drop off? Because the sales counts look like they will be feeling the usual seasonal decline this year, which didn't happen last...
Remember the agent featured here last week who bemoaned that she didn't have any offers after the first weekend, when she usually has five? The house went pending two days later. The UNDER-$1,200,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF April 29...
If you are buying, look hard at what's being offered:
The basics on where the real estate market is today (no bubble). He expects the standard 5% to 6% appreciation, and says that the concern over shadow inventory has been 'overblown'. He doesn't mention that he was one of the shadow-inventory alarmists when he was...
If you are used to $1,000,000 not getting you much, then this isn't a bad buy. The yard alone will probably sell it:
Yesterday reader DaCounseler asked about value-range pricing, and how it shows up on the statistics. Using two list prices to create a 'price range' was added as an option about ten years ago as an alternative to "get the conversation started". It does provide one...
There hasn't been much hesitation around Carmel Valley, though the designated school, Ashley Falls, had to help this sale. An inferior model-match closed for $975,000 in February - but this still went pending within 7 days:
