Month: November 2015
Thank You Vietnam Vets
Veteran’s Day
San Diego 2015 Home Pricing
http://journal.firsttuesday.us/california-tiered-home-pricing-2/1592/ The San Diego lower-end market has been red hot this year! No big surprise - when mortgage rates are in the 3s, houses priced under $500,000 have monthly payments that are similar to their rents....
Mortgage Rates Higher
Interest rates have been moving higher for the last six days, and have priced in the 1/4% increase that the Fed is expected to do next month. If the Fed does finally bump the Fed Funds rate, there should be some relief that's it's over, but don't expect that lenders...
Inventory Watch
We are wrapping up two full years of tracking the inventory each Monday. The three lower-priced categories are looking like they did in 2013 - about 10% lower than last year. The exception is the high-enders, which is a mess. There are 391 houses listed for sale...
Sunday Sunset
Dangers of Overpricing Your Home
If you don't have to sell and just want to test the market, is there any harm in listing high? Just because there is no urgency doesn't mean some nice young family with 2.2 kids won't come along and love it like you do. Around 60% to 65% of the listings sell each...
Grand Opening
Today is the first day of sales at this new tract next to Black Mountain Park - take your favorite realtor with you! The middle plan:
PQ Follow Up Part 2
The process of selling a house has many variables - let's keep examining. What were the comps used to determine the price? The most important thing about evaluating the comps is to see them through the eyes of the buyers. I cannot stress enough how critical this is...
