The highlight was him mentioning that he and Michelle lived with her mother for two years before buying a starter condo:
Obama on Housing
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Year: 2013
New Normal for Foreclosures
Back in the old days there were 100-500 foreclosures per year in SD County: We've already had 1,504 properties get foreclosed in the first half of 2013, so historically we're still at elevated levels. But with the county averaging 3,000+ total sales per month, lenders...
NSDCC July Sales
Last month's stats look great compared to previous July sales, but there was quite a drop-off from June (and July had two more business days!) Month/Year # of Sales Avg $/sf Avg DOM July '09 237 $387/sf 74 July '10 223 $361/sf 63 July '11 231 $372/sf 78 July '12 258...
The Future of Real Estate Selling
The topic of disintermediation coming to the real estate industry has been bandied about for years, with no one obvious solution. This author brings it up again, whining about the usual complaints: http://techcrunch.com/2013/08/04/who-will-disrupt-real-estate/ What...
Inventory – Grinding
We've reached the highest inventory counts of the summer - which means sellers aren't adjusting their price fast enough to meet current demand: The UNDER-$1,200,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF April 29 201 $384/sf 36 2,599sf May 5 195...
Not Selling in CV
It is still very active in Carmel Valley (67 new listings and 50 new pendings in the last 30 days), but there are houses not selling. Here is an example of one that's asking $1,000,000+ for 2,556sf that backs to Carmel Mountain Rd:
San Diego 20x Rents
A rational review of the real estate market today - San Diego gets mentioned at the 4-minute mark as an area that has expensive housing, but at 20x rents doesn't seem out-of-line:
CV Canyon Homes
The primo real estate around Carmel Valley has been cooking. I counted 12 active listings, and eight pendings of canyon-front homes currently, plus the closed sales since April 1st are almost double last year's total - with average pricing nearly 20% higher too: This...
Jumbo Rates Still Better
At first, it seemed that jumbo mortgage rates just hadn't adjusted yet. But now a month later, jumbo rates are still better than conforming rates. Here are today's rates taken from their websites (BofA just has a phone number now): Bank Conforming Rate APR Jumbo Rate...
Get Smart
What was the other car that Agent 86 drove?
