This article adds the numbers. We need to build at least three times as many homes as we've been building to keep up with the growth - and no telling what that would do to prices, if anything:...
Build More….3x More!
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Month: September 2017
Build More!
Let's get cracking on solving the affordable housing problem, and power through the next recession! Pala, Valley Center, Ramona, etc. - here we go! Hat tip to Larry who had this on his FB account:...
Frenzy of 2017
Let's examine Rich's other charts to see how divergent our San Diego market has been lately, comparing to the last three years. In spite of much-higher pricing, the raw number of homes for sale has crossed under the paltry few we had during the Frenzy of 2013,...
Inventory Watch
The new pendings had a nice bounce back this week, but just making up some ground lost over the last couple of weeks. Last September, we averaged 90 new listings, and 66 new pendings per week: Week New Listings New Pendings Aug 7 99 71 Aug 14 76 65 Aug 21 83 62 Aug 28...
More Anniversary Videos
A couple of other old videos to commemorate today's anniversary. This was a compilation video I published on this day in 2011 (9/24/11): This is a video filmed in March, 2013 as the frenzy really got rolling. I think Bill featured it first on Calculated Risk, and then...
Happy Blog Anniversary!
September 24, 2017 is the 12th anniversary of this blog! For a little perspective on where we've been, here is my most-watched YouTube. This house originally sold for $927,500 when new in 2005. I sold it for $485,000 in April, 2009 which was the low point of the San...
The End
Oh boy, now I did it. It feels like change is in the air - just ask any agent who is paying attention. But most want to shrug it off, and pray they make enough money before the SHTF. I applaud Notorious Rob for furthering the discussion - my comments are towards the...
Hurricane Flippers
Hat tip to Richard for sending this in: LINK An excerpt: Addressing a real estate conference in flood-ravaged Houston this month, longtime investor Ray Sasser detailed his strategy: buy up to 50 flooded homes at deep discounts, then fix and flip them for a hefty...
Softer in the Off-Season
The C.A.R. released the latest sales data for August, including the graph above. The sales-price-to-list-price ratio has been dipping in the off-season lately, and we can probably expect that streak to continue this year! Buyers expect to have more negotiating power,...
New and Reasonable
These will give you a run for your money: They pay commissions - take your favorite realtor with you!
