We have known Jim & Donna Klinge for over a dozen years, having met them in Carlsbad where our children went to the same school. As long time North County residents, it was a no- brainer for us to have the Klinges be our eyes and ears for San Diego real estate in general and North County in particular. As my military career caused our family to move all over the country and overseas to Asia, Europe and the Pacific, we trusted Jim and Donna to help keep our house in Carlsbad rented with reliable and respectful tenants for over 10 years.
Naturally, when the time came to sell our beloved Carlsbad home to pursue a rural lifestyle in retirement out of California, we could think of no better team to represent us than Jim and Donna. They immediately went to work to update our house built in 2004 to current-day standards and trends — in 2 short months they transformed it into a literal modern-day masterpiece. We trusted their judgement implicitly and followed 100% of their recommended changes. When our house finally came on the market, there was a blizzard of serious interest, we had multiple offers by the third day and it sold in just 5 days after a frenzied bidding war for 20% above our asking price! The investment we made in upgrades recommended by Jim and Donna yielded a 4-fold return, in the process setting a new high water mark for a house sold in our community.
In our view, there are no better real estate professionals in all of San Diego than Jim and Donna Klinge. Buying or selling, you must run and beg Jim and Donna Klinge to represent you! Our family will never forget Jim, Donna, and their whole team at Compass — we are forever grateful to them.
CS was on CNBC just now talking about negative price action/slowing in SD and elsewhere,
Of course they were trying to get him to say then next crash is nigh, but he was having nothing to do with it.
If there is a move down I think it has to come from the builders, there is not enough must sell now!! Inventory to do much damage in used homes IMO.
Also I think the stock market spooked the housing market last month IMO.
I guess we will see.
To Robert Shiller, the co-founder of the Case-Shiller index and a professor of economics at Yale University, the latest data is open to interpretation.
“I’ve learned over the years forecasting home prices that the latest month is very important, but the trend is also important … so what we’ve seen nationally is big increases a few months ago and now a softening,” Shiller said Tuesday on CNBC’s “Squawk on the Street.” “So what that means, the latest month suggests price declines might be coming, but if you mix that in, it’s kind of an ambiguous situation. Maybe they won’t do much of anything.”
http://www.cnbc.com/id/102126693
If you look at San Diego County as a whole, and not specific regions its giving back at a fair pace right now.
No the floor isn’t dropping out but you’ll see negative drops continue until spring in my opinion.
Every email alert on a listing right now is a reduction, this August data is already old news.