More talking while driving....safely:
Car Ramble
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Month: May 2016
NSDCC May Sales & Pricing – Prelim.
We're wrapping up the month of May today, and the spring selling season. Oh yes, there will still be plenty of blue sky ahead....until there isn't. The NSDCC closed sales this month are looking like they will exceed last year's total for May - which was 287 sales....
San Diego Case-Shiller, March
The March reading of the local Case-Shiller Index rose 1% month-over-month. As the index starts reflecting the 'season', it will probably show higher velocity over the next few months. Even the high-tier was cooking - it also rose 1% month-over-month! But it has been...
Memorial Day
All gave some, some gave all - THANK YOU!
Inventory Watch
We had 83 new pendings this week, which is the highest weekly total in a year. This is the peak of the season! Click on the 'Read More' link below for the NSDCC active-inventory data: The UNDER-$800,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF November...
Miami Condo Market
Here is a hyper-example of how a boom unravels - first there is an extended stagnation because sellers don't believe it, and besides, they're not going to give it away. But their unwillingness to sell for what the market will bear only emboldens the buyers to wait...
Along the Trail
1000-aire
The other (real) side of the glamorous real estate business: https://www.dnainfo.com/new-york/20160513/park-slope/real-estate-agents-web-series-mocks-bravo-tvs-million-dollar-listing
Retirees and Housing
From our friends at John Burns Real Estate Consulting: http://realestateconsulting.com/the-retiree-surge-is-here/ Only 10 years ago, 2.2 million people were turning 65 each year. That number has surged to 3.5 million this year and will grow to 4.2 million in 2025!...
RSF-Adjacent
Here's an original-looking house from 1974 on three acres which look mostly unusable. But this is a decent deal for those who would rebuild - just tear the house down and build a new one 30 feet back from the slope and create an instant backyard!
