From the SD Union-Tribune:
Klinge Realty Group
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024
- (858) 997-3801 call or text
CA DRE #01527365, CA DRE #00873197
I can't overstate how strong the new home market is - this is not like 2006-2007 at all. That was good, but the peak froth was concentrated in 10 or so "exceptionally hot" markets...
Now - the ENTIRE country from LA to ND, or from WA to SC is on 🔥 like Vegas in 2006 https://twitter.com/AliWolfEcon/status/1364963372832276491
Today's housing wow: on a call with builders in the South and one just shared that they've raised prices at a community by $250,000 since....... January!!!!!! "All California money"
The best frenzy sale for February so far (+29% over list price), especially considering it's higher-end, but the month isn't over: https://www.bubbleinfo.com/2021/02/25/frenzy-of-the-month/
Have Mr. Fitch come talk to me.....California was downgraded to “overvalued” after a 7.1% price gain in a year — an increase that was only No. 30 among the states. A year earlier, Fitch graded California’s market as “sustainable” (properly priced). https://www.ocregister.com/2021/02/25/bubble-watch-are-california-home-prices-5-9-too-high/