This is where delta blues meets the Caribbean lament. Deep roots music!
Delgres
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Month: April 2017
Seattle!
Yesterday it was Seattle that had the highest increase in their Case-Shiller Index, rising 12.2% Y-o-Y. You know that frenzy fever is high when the quotes barely make sense: LINK Andrea Conway's home selling story has become the norm for Seattleites. She bought her...
Zillow Commercials
Zillow has another round of high-quality commercials out. It's amazing that nobody in an industry-leadership position doesn't try to copy this format - it would seem to be very effective in building long-term loyalty:
Kemp Struck Out
I went on the auction mobile app shortly after the auction should have started today, and there wasn't a trace of any action. On the MLS listing there is no mention of any auction, and it is an active listing, priced at $11,500,000 just like it has been since...
San Diego Case-Shiller Index, February
If we stay on the same pace we've had for the first two months of 2017, our local C-S index will rise about 10% this year! Blitzy just kills it with this quote: David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, said...
Burbank!
http://www.cnbc.com/2017/04/24/spring-housing-strongest-sellers-market-ever.html Spring homebuyers are pounding the pavement at a furious pace, but the pickings are getting ever slimmer. Even as more homes come on the market for this traditionally popular sales...
Spring Fizz?
Reader Tom had this observation yesterday: I think the market turned this week. I’m seeing more inventory where I look. I’m seeing more price reductions. I’m seeing houses come on decently priced that aren’t flying off market. I think we will look back in 2 years and...
Inventory Watch
A few extra new listings this past week - and it could continue! We started a run during the last week of April, 2016 where we had 100+ listings in nine out of the next ten weeks. We averaged 70 new pendings per week during the same time frame. Week New Listings New...
Mortgage Underwriting After Tax Day
Did you file an extension for your 2016 tax returns, and are trying to buy a house? Have you released your financing contingency yet? Here's what you have to do to qualify for a mortgage: Yes, "Tax Day" has passed, and lenders and investors must consider filed taxes...
Open House Patrol
The inventory is a deserted island. Houses in SW Carlsbad that we thought were $1,000,000 just 6-9 months ago are now listed for $1,200,000-ish. What's worse for buyers is that there is no hope it will change, and now this:
