The new development at Cannon and El Camino Real in NE Carlsbad is taking shape, though the first move-ins won't be until mid-2016 - and the high-enders won't be until 2017. But in the meantime, these houses will occupy the minds of buyers, so any sellers nearby will...
Year: 2015
Sentiment Index
Only 1,003 people surveyed but they were asked 100 questions. From MND: http://www.mortgagenewsdaily.com/10082015_national_housing_survey.asp In case you missed it, last month Fannie Mae began to transition the multi-graph and narrative report detailing results of...
Eric Clapton
A favorite from the 8-track days!
Agents Switching Firms
The grass always looks greener somewhere else. From wsj.com: http://www.wsj.com/articles/the-rise-of-the-mercenary-real-estate-agent-1444225224 The hottest free agents this season are real-estate agents. In pursuit of more deals and commissions, real-estate...
Scapegoat
Hat tip to daytrip for sending in this story: http://www.bloomberg.com/news/articles/2015-10-02/mortgage-executive-who-took-rap-for-crisis-prepares-her-appeal Rebecca Mairone scarcely deserves a mention in the annals of finance, except for this: She’s the only...
Sandbagging
The blog post linked below points out the percentages of total realtor listings on Zillow. The Z Group didn't take too kindly to such exposure, and they issued a cease-and-desist order, so I'm not sure how long this link will be working:...
Now You Step Up
Now that he is has left the Fed and has written his book, Bernanke says more individuals should have gone to prison: http://www.usatoday.com/story/news/politics/2015/10/04/ben-bernanke-execs-jail-great-recession-federal-reserve/72959402/ With publication of his...
Latest Real Estate Scam
A sophisticated scam by fraudsters hacking into realtor accounts: http://www.turnto10.com/story/30190372/real-estate-scam-costs-ri-couple-13k There’s a consumer alert about an apparent scam targeting families in Rhode Island after a local couple lost $13,000. Experts...
Inventory Watch
Here are the new actives/new pendings for the first week of October: Year New Listings New Pendings 2013 80 61 2014 78 54 2015 83 53 Until we see some disruption, it looks like the market is all ahead full! Click on the link below for the complete NSDCC...
Ultra-Low Rates to Continue?
These guys are confident the Fed won't be raising rates for a while - one says it won't be until 2020. In the meantime, 30-year jumbo fixed rates are back into the mid-3s (WFB advertising 3.625%, APR 3.641%), creating an ideal selling season when you'd least expect it!