The UT polled their experts on the topic of all-cash sales. Most opined that it is investors who are screwing up the market, and international buyers taking advantage of exchange rates:...
NSDCC All-Cash Sales
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Year: 2013
Inventory Watch – Expireds
Reader TH asked about the cancelled/expired/withdrawn listings. This year there were 479 cancelled/expired/withdrawn listings in June-Aug, compared to 455 last year. Hopefully the high-enders will pack it in for the holidays, and get the 700+ active listings down...
Hang In There
Sellers have been on an incredible winning streak over the last 12 months. Here are some words of encouragement for potential home buyers: In the off-season, people get distracted by school, football, and the holidays. If the market softens up a little (meaning more...
Appreciate The Good Times
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...
Housing Double Dip Talk
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...
SD Foreclosure Notices
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:
Rats
Another view from flipperville, plus a prognostication at the end about the baby-boomer generation:
Preview of NSDCC August Sales
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
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...
Romneys’ New La Jolla House Appealed
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....
