The San Diego Case-Shiller Index for April showed a higher reading, as expected. The February/March/April period was the hottest of the year, and hopefully the index will start moderating in the coming months. San Diego Case-Shiller Index, Seasoanlly-Adjusted Month...
Year: 2013
Beach Cottage
A nice day at the beach today - a clear view after a good breeze:
Historic Move in Rates
http://www.mortgagenewsdaily.com/consumer_rates/314072.aspx Mortgage rates finally lost less ground than they have over the past few business days. The problem is that this still left room for rates to go higher at a much faster pace than normal. Some borrowers will...
Inventory Watch – Rates
The last period had 73 new listings, and 66 new pendings. In the last week we had a 100:69 mix of new and pending listings, which should begin a trend that's closer to the more-normal 2:1 ratio, as more sellers sense the opportunity: The UNDER-$1,200,000 Market: Date...
PA Sale
The SD Public Administrator's sale is scheduled for July 18th. One of the properties being sold is near La Jolla, next to Kate Sessions Park - the opening bid is $585,000: From their website: http://www.sdcounty.ca.gov/hhsa/programs/papg/terms_and_conditions.html The...
Not Pocket Listings
Enough people have sent this in that I guess it needs to be addressed, but this is what every agent does. The rest of us call it "getting listings", because we do what's best for the seller:...
Inland Modern
Prof Hoff is selling her inland digs, and what a house! She and Tom have created an incredible modern contemporary with epic views of the mountains and hills - and centrally located less than an hour from Laguna Beach, Newport Beach, South Coast Plaza, John Wayne...
Double Whammy
The folks at cnbc debate the effects of higher mortgage rates here: http://video.cnbc.com/gallery/?play=1&video=3000177704 Diana said, "I'm not so sure that interest rates are worse than rising home prices. We have seen a spike in home prices because of low...
Mortgage-Rate Report 4.625%
http://www.mortgagenewsdaily.com/consumer_rates/313878.aspx Mortgage rates have had a far worse week than than you've been told anywhere else, and today was even more freakishly destructive than the previous two days. Taken together, this is the worst week for...
Squatters Rule
NORTH SACRAMENTO (CBS13) — Real-estate agents are trying find new ways to combat squatters they say are devaluing their properties. Our CBS13 crew got a firsthand look as they discovered squatters staying in an empty home. Re/Max real-estate agent Zack Alber toured...