Zillow sent out this email today regarding the uploading of listings: We wanted to let you know that Zillow Group will no longer accept manually entered listings from agents and brokers as of May 1, 2017. We are taking this step to provide buyers and sellers with the...
Month: February 2017
Homebuyer Torture
You've been thinking about moving for a while, and are sensing that 2017 is going to be your year. What can you expect from the sales process? We already know that to buy a house, you need four things: Right house Right price Right seller Right listing agent How...
Janet Says Three Hikes in 2017
Home sellers should get on their horse. Janet Yellen just gave the markets a wake-up call — the Federal Reserve does intend to raise rates three times this year, and possibly even in March. Bonds sold off and their yields jumped as traders reacted to the Fed chair's...
SD is 8th Hottest in America
Hat tip to Richard! http://www.businessinsider.com/top-10-housing-markets-for-sellers-in-2017-2017-2/ Housing markets in the western part of the United States remain hot. Data released on Tuesday by brokerage firm Zillow showed eight of the 10 hottest US markets are...
Zestimate Accuracy
Have the zestimates gotten any better? We were surprised how bad they were last year. Let's see if they've improved once a custom house has been sold for a while: This was the zestimate before the listing was inputted - way off:...
Pets and Real Estate
Animal Owners: Ninety-nine percent of pet owners feel that their animal is part of the family. Eighty-nine percent of those surveyed said they would not give up their animal because of housing restrictions or limitations. When finding a home, 95 percent of animal...
Inventory Watch
Oops, we only had 89 new listings this week, down 12% from last week. But we had the same number of new pendings - 55! They are forecasting rain for the next two weekends - will the weather be an excuse? It hasn't been so far. Here is the action for the first seven...
Traffic Report
Would you let traffic dictate where you live? And the freeway bridges are just the beginning. The $700 million Phase 1 work will include: ? Adding a single carpool lane in each direction by cutting into the freeway median from Lomas Santa Fe Drive in Solana Beach to...
Pop the Bubble?
Oh boy! https://www.nytimes.com/2017/02/10/upshot/popping-the-housing-bubbles-in-the-american-mind.html Suppose there were a way to pump up the economy, reduce inequality and put an end to destructive housing bubbles like the one that contributed to the Great...
C.A.R. Economist is Positive
Leslie Appleton-Young, vice president and chief economist, California Association of REALTORS® (C.A.R.), recently delivered her annual “2017 Housing Market Perspectives” presentation to a group of local REALTOR® members. “It may be a bumpy ride, but I believe there...