Given that it's still early in the season, this was a fairly normal week. There still has to be some wait-and-see in both buyers and sellers - when that turns into action, it should cause a couple of big weeks in the next 2-3 months: Week New Listings New Pendings Feb...
Month: March 2017
Food for Thought
Everyone loves Tony, and he is prolific at using social media to inspire people. I respect what all three guys said below, and I'll add: Do something! LINK For generations past, home ownership was a significant rite of passage that signaled stability, commitment,...
Home Buyers – Prepare for Battle
An article from cbsnews.com - get good help! http://www.cbsnews.com/news/buying-a-home-in-2017-prepare-for-battle/ An excerpt: “Home buying is about substantive economics, but it’s also got an element of ‘animal spirits,’” said its President Steve Udelson. “In some of...
Footy McFooty Face
The potential "SoccerCity" development on the site of Qualcomm Stadium has ignited a storm of renderings and fan discussion on whether an MLS team in San Diego can work as a replacement to the departed Chargers football team. The development by the group promises to...
Scarcity Club
People ask, "Are we in a bubble?" If you mean a market where prices have escalated rapidly, then yes! The SD Case-Shiller Index is +59% in the last eight years - an average of 7% per year! We've seen 7% appreciation per year before - what's remarkable is how long...
Bidding-War Strategies for Sellers
These are the best choices to help sellers achieve top dollar in a bidding war, and, at the same time, be fair to all parties:
BRE on Realtor Teams
Broker supervision is a nice idea but rarely practiced. We need perp walks! In September 2015, the California Bureau of Real Estate (CalBRE) issued an advisory which was captioned “Disciplinary Warning to Real Estate Salespersons Who Act, Conduct Themselves, and/or...
Frenzy Fever
Here's an example of vinyl flooring available that has the appearance of real wood floors. For comparison, 'vinyl plank' sells for around $2/sf, engineered hardwoods sell for around $4/sf, and real hardwoods go for $5/sf to $8/sf:
“Severe Housing Drought”
We are used to headline porn, but this one sounds startling - are we having a Severe Housing Drought? http://www.cnbc.com/2017/03/23/this-is-whats-behind-the-severe-housing-drought.html In the article, she says that nationally we have the fewest homes for sale than at...
Nice Chevy Truck
Not bad for a guy who went to Cal State Fullerton! From wsj.com: Scuttling plans to build an elaborate new home, actor Kevin Costner is putting a Santa Barbara County beachfront property on the market for $60 million, according to co-listing agent Tim Hoctor. The...