In line with the previous post, several good-looking-and-retail-priced listings were marked pending on Mother’s Day! Ninety percent of the action is under $2,000,000 though – above that is a whole different ballgame.
Click on the link below for the complete NSDCC active-inventory data:
Here are some thoughts from yesterday’s open house – in particular, two things that aren’t in favor; fixers and taxes:
This is our last year for us to spend Mother’s Day watching our kids at the big dance competition at UCSD – mom wouldn’t have it any other way!
Happy Mother’s Day to moms everywhere!
The Mid and High Tiers have been looking fairly flat over the last 18 months. We’re around 2008 pricing, and many areas are higher – sellers should embrace.
http://journal.firsttuesday.us/california-tiered-home-pricing-2/1592/
All women have concerns about peepers, real or imagined.
We have significant turbulence in the bond market this week, and most think it can’t get any worse. The jobs report tomorrow will probably dictate the next movement, but for now the 30-year mortgage rates are around 4%.
If rates go above 4%, is it nervous time?
Not really – rates were in the fours virtually all of last year. We’ve been spoiled the last few months!
Finding a worthy house to buy is the problem.
Have you noticed how most realtors pump up the positives, and hide the negatives? It is such a tradition that home buyers expect us to do it, and we don’t give it a second thought.
Here’s a second thought:
P.S. I had two doughnuts.
Les McCann and Eddie Harris at the Montreux Jazz Festival, 1969:
Mortgage rates are known to rise without much notice – if any! From MND:
http://www.mortgagenewsdaily.com/consumer_rates/469946.aspx
Mortgage rates are having a rough couple of weeks. Yesterday saw rates approach the previous 2015 highs set on March 6th. Today’s rates moved slightly higher still, setting a new 2015 high.
The average lender is now quoting conventional 30yr fixed rates of 4.0% on top tier scenarios, though 3.875% is still available in some cases. This is a substantial increase from the 3.625% rates seen just a few short weeks ago.
The last time rates spiked (June 2013), it spurred the market as buyers grabbed what they could while rates were still under 4%. But now that prices are more than 10% higher, the impact might go the other way.
Years ago when our pool was installed, I remembered holding it against one contractor who didn’t take his sunglasses off during the interview (I don’t wear sunglasses when talking to people, except in this video).
I brought that up to a client recently who was doing his own interviews of pool contractors. We spoke with four pool guys – and all of them kept their sunglasses on during their entire introductory conversation!
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
