There has been a tectonic shift in how people view their real estate. Advancement and ego raged through the last boom, but now the mindset has turned conservative, and many are paring down.
Long-Term Thinking
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Month: April 2014
The Clash
At the band's induction into the Rock and Roll Hall of Fame, the Clash was said to be "considered one of the most overtly political, explosive and exciting bands in rock and roll history." Their songs tackled social decay, unemployment, racism, police brutality,...
Underwaters Not Causing Low Inventory
We've been witnessing Zillow's ascension to power over the last couple of years, and their CEO continues to get mainstream-media attention every week. He's not a realtor, his company doesn't sell real estate, and frankly, he is just spewing guesses disguised as facts,...
Encinitas Over $1.6M
Here's a bidding war I got tangled up in but lost to a cash offer who paid over list to get it. The LA marked the sales price as $1.65 million in the MLS, but the tax rolls show different. The property is similar to those on Crest nearby, with over an acre and a...
SD Case-Shiller Index, Feb
San Diego's Case-Shiller Index continued its steady rise, but according to David Blitzer, we might be the lucky ones: “Prices remained steady from January to February for the two Composite indices,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow...
NSDCC Recent Sales vs Pricing
The year-over-year comparisons will continue to expose how hot the frenzy was last year. Most of the reports and opinions jump to the conclusion that housing is lagging this year, but when you compare it to the previous period it looks pretty good - at least around...
Oceanfront Bluff
The edge of the continent is a fascinating place for many reasons. From a real-estate perspective, it is fascinating how much people will pay to have a front-row view - a position that comes with a somewhat-uncertain future when you are on the cliff in Encinitas....
Inventory Watch – Soft Pricing
There was a pop in the lower-end inventory this week - 20 more listings were added to the Under-$800,000 category. Compare today's inventory to early-February, and not only are there more homes for sale (to be expected), but the average list pricing is lower in every...
Single Story Succulent Summary
This area - near CSU San Marcos - isn't pure residential. Not only does the Sprinter go through, but it also has several commercial and industrial businesses along Barham. So there isn't a bunch of organic residential traffic to help boost the open-house attendance....
Open House Report
Richard and I split the open house today - I took the second half and had a steady stream of folks until 4pm, an hour after the scheduled closing time. He had the same flow, which means there had to be 60-70 visitors. It's one thing to have a big open-house crowd in...
