For those homeowners who have lived in their residence for less than five years and are thinking of selling, now is the time! Some home sellers would need a sale contract inked before the end of 2017 in order to avoid a big tax bill that would be imposed if the GOP...
I'm not sure how the C.A.R prognosticators can look at these Y-o-Y numbers and still forecast higher sales for next year - unless they think the supply will inflate with thousands of desperate realtors having to sell their own homes? LINK The North County Coastal...
The Sundance Film Festival released their official selections for the 2018 event in January, and we didn't make the cut. I'm sure Giorgio was bummed after putting in four years of effort, but he is still optimistic about getting into Tribeca and SXSW: We had the most...
Let's also include the forecast from realtor.com, which is different than N.A.R. - the Murdoch forecast? If their mortgage rate forecast comes true, and the tax reform sends buyers scurrying, it could be be a tumultuous year! Home shoppers may have it easier in...
Some snips from the recent C.A.R. Housing Market Forecast. Our median sales price is close to the record set in May, 2006. But we know that around San Diego's North County Coastal region, most prices are well above their previous peak by at least 10% to 20%: Not...
A tour of the model!
Our index showed the smallest monthly gain of the year in September, and it seals our fate - we're not going to have double-digit appreciation this year. But the 8.2% gain we are tracking year-over-year still looks pretty good! "Most economic indicators suggest that...
Our friend Rich Toscano has his latest San Diego housing analysis here: https://piggington.com/october_2017_housing_data In spite of record prices, the inventory has been setting recent lows: Yet, sales have been mostly better than every year since the Frenzy of 2013!...
A quiet Thanksgiving week - I hope you had a great one! We only had 23 new listings this week, but we had 37 new pendings! In an interesting note in the Under-$800,000 category. Three weeks ago we had 21 listings left, with an average days-on-market of 38 days. Today...
If you look at the new homes being built around here, you'd think multi-generational living was the builders' primary target! LINK Donna Butts remembers one of the moments that sold her on the idea that there was a sustained rise in the number of multigenerational...
