We should be hitting our highest inventory count for the year right about now. The last two years saw the San Diego inventory top out towards the end of summer, as unsuccessful sellers packed it in for the off-season: Asking prices today are quite a bit higher than...
I was looking for some Guess Who and came across this classic with their lead singer Burton Cummings joining with Ringo Starr, Timothy B. Schmit, Dave Edmunds, Nils Lofgren, Todd Rundgren, and Joe Walsh: Speaking of Dave Edmunds, here is Rockpile in 1980 with Nick...
While we are at it, here's another plug for my social-media outlets: Facebook - Every bubbleinfo.com post gets uploaded here, but that's about it. If facebook is your thing, it might be easier to follow the blog here, but no comments though:...
Hat tip to Richard who sent in this article from msn.com: http://realestate.msn.com/blogs/post--are-real-estate-agents-an-endangered-species It documents the usual positions on technology eliminating the need for realtors - with the outsiders expecting our certain...
The active inventory of houses for sale under $800,000 has risen 20% in the last month - yet the other categories are fairly steady. 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...
Hat tip to daytrip for sending this in: http://www.mercurynews.com/business/ci_26159482/homebuilder-adds-sweet-pet-suites-entice-buyers Standard Pacific Homes is building and selling homes in 27 developments from Florida to California and is believed to be the first...
Last June we had the big panic due to the Fed suggesting they were thinking about possibly raising rates. Within a month, the conforming-mortgage rates jumped from the mid-3%s to the mid-4%s. We noted here on how the 30-year-fixed jumbo rates dropped below conforming...
A good description of the new normal, without asking too many questions, like: Why did foreclosures dry up? Shouldn't we accept 640 credit scores as a minimum standard? Wouldn't there be more sales if sellers were more reasonable on price?...
The realtor sex scandal isn't over yet. The homeowners were unsatisfied with the response from CB, so they are publicizing their story on their own website: http://www.coldwellbankerstinks.com/ CB is claiming that now they are the victims, and accused the homeowners...
Rich does a great job every month documenting our local market trends: http://piggington.com/june_2014_housing_data_rodeo Here is one of his 16 graphs for June, showing how the San Diego active inventory is 55% above last year's pace: He also noted that...
