C.A.R. released their 2015 forecast: http://www.car.org/newsstand/newsreleases/2014releases/859066?view=Standard The California median home price is forecast to increase 5.2 percent to $478,700 in 2015, following a projected 11.8 percent increase in 2014 to $455,000. ...
Year: 2014
The James Harman Band
James Harman and Those Dangerous Gentlemen were red hot in the early 1980s when Hollywood Fats and Kid Ramos were playing guitar. Unfortunately, Fats died of a heroin overdose in 1986, but the band carries on! (he starts around the 1:50-min. mark):
No Shills…..Almost
Just had to hedge it a little....from CAR: This law, on and after July 1, 2015, with respect to an auction that includes the sale of real property, prohibits a person from causing or allowing any person to bid at a sale for the sole purpose of increasing the bid on...
September Sales
Here's an excerpt from the Dataquick sales release for September: http://www.dqnews.com/Articles/2014/News/California/Southern-CA/RRSCA141013.aspx Irvine, CA---Southern California home sales hit a five-year high for a September, rising slightly above a year earlier...
‘Best Rates Since June 2013’
We should see a resurgence in buyer interest now that rates are under 4%. They probably won't pay a lot more, but if sellers can live with the same price as the last comp, they should be able to sell. From MND:...
Compare the Cost of Living
San Diego ranks high on every list of the most expensive places to live. Are you thinking about leaving town? Here is a website that compares the cost of living between cities around the world: http://www.expatistan.com/cost-of-living
New Homes = Larger Premium
The higher-priced new homes help to accelerate the values of existing homes. All sellers have to do is undercut the price of new tracts nearby - if there are any! HT to daytrip for sending this in from the latimes.com:...
Inventory Watch – Steady More Steady
Figuring that not many readers make it all the way to the bottom of this weekly inventory report, I clipped the bottom category and brought it to the top. This is the last 2.5 months of weekly counts of new listings, and new pendings: It is remarkable how steady...
Open House Report – October
Of the people who came to the open house today, only one was a neighbor, and none were agents. Yeah sure Jim, but how serious were they? There are plenty of drivebys; anyone who is willing to park, get out of their car and trudge up to another open house knowing they...
REO Listings Skyrocket
I hope the headline porn grabbed you! 😆 REO listings have increased lately around NSDCC, though they are still a small fraction of the overall marketplace (there have been 2,238 detached-home sales closed this year between Carlsbad and La Jolla). The short-sale...