My new listing in Rancho Bernardo, listed on the range $699,000-$749,999: http://www.zillow.com/homedetails/17405-Montero-Rd-San-Diego-CA-92128/16740396_zpid/
Gatewood Hills, RB
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Month: October 2014
Mortgage Rates 2015
With the Fed announcing the end of QE, the next concern is when they will start raising rates. Mortgage rates are only indirectly tied to any move the Fed might make - which usually means that mortgage rates will start inching up in advance. Here is a quote from...
Cream
We lost a great one in the past week - Jack Bruce of Cream died at age 71. Hat tip to MB for sending this in: http://www.bbc.com/news/uk-scotland-29772926
Estate Sales
We've explored a few of the alternative groups of potential sellers, but none are emerging as major contributors. In a 'normalizing' market, it means we are back to the Big 3 sources of new listings; Death, Divorce, and Job Transfer. Carmel Valley doesn't have much...
Millennial Special
Here's a tour of Richard's hot new Village Park listing in the heart of Encinitas:
SD Case-Shiller Index, Aug 2014
We've gone negative! The Case-Shiller Index for San Diego declined 0.08% in August from the previous month. The sound bites won't mention that we're still up +5.07% year-to-date, which is a good eight-month run historically. Instead, buyers will be more inclined to...
Next Group of Potential Sellers
In spite of a WFB survey showing that a third of Americans will not have enough money on which to survive during retirement - and me providing some recent sales data that might back it up - readers here were having nothing to do with the notion that we'd see an exodus...
Inventory Watch – Halloween
The inventory count dropped 24 listings this week, which isn't many, considering it's the week of Halloween. Pendings haven't dropped a lick - scroll to very bottom. The UNDER-$800,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF November 25 95 $376/sf 47...
Who’s Selling?
Yesterday we wondered if there was a possible threat of a baby-boomer liquidation sale in the coming years, and we had a load of comments - thanks for participating!. Can we get a feel for what's happening now? Here's a check of the 67 NSDCC houses that have sold...
Boomers Not Saving
Though we have reverse mortgages available, you can't help but think we'll be enduring a baby-boomer housing liquidation sales event over the next 10-20 years. I think it's already underway, and disguised as those wanting to "downsize and travel a bit". Hat tip to...
