Statistically it was a fairly quiet week (data gathered yesterday morning): North SD County's Coastal Region (La Jolla-to-Carlsbad) The UNDER-$800,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF November 25 95 $376/sf 47 1,988sf December 2 79 $371/sf 50...
Month: May 2014
Memorial Day
Remembering those who have given all.
Only Non-Recourse
From CAR: After receiving comments from California tax practitioners and its own review of California law, the IRS has issued a clarification to its September 19, 2013 letter to Senator Barbara Boxer concerning short sales and taxes on the forgiven debt. The new IRS...
Second Least Affordable
From the UT: http://www.utsandiego.com/news/2014/may/22/hsh-home-affordability-median-income-mortgage/ An excerpt: A San Diegan has to earn nearly double the county’s median income to afford a median-priced home here, says a study released this week by mortgage...
Sunset Premiums
Check your directions and view corridors!
SD Appreciation Predictions
With more homes not selling - otherwise known as growing inventory - buyers can finally exert some influence on pricing (they've had virtually none over the last 18 months). This should cause the pricing trend to stay fairly flat, with sellers being reluctant to...
The Jam
The Jam were an English punk rock/new wave/mod revival band active during the late 1970s and early 1980s. They were formed in Woking, Surrey. While they shared the "angry young men" outlook and fast tempos of their punk rock contemporaries, The Jam wore smartly...
Dealing With A Global Market
From the WaPo: http://www.washingtonpost.com/blogs/wonkblog/wp/2014/05/20/foreign-home-buyers-are-making-housing-more-expensive-should-cities-tax-them-for-it/?wprss=rss_business&clsrd The globalization of real estate upends some of our basic assumptions about...
Whale Surfing
An incredible photo snapped Saturday (April 5) at the iconic Pipeline on Oahu's North Shore is going viral. A mother humpback whale and her calf were cruising just offshore when a set rolled in. J.T. Gray of North Shore Surf Photos grabbed his camera and the shot of a...
La Jolla Fixers?
Here's a sweep through the hills of La Jolla, where there are still plenty of original-looking homes. I can help you buy one - remember the sale last summer? The remodel tour is coming!