Sell your house with Jim, and go on a world adventure! LINK An excerpt: The "van life" movement has been gaining momentum for years, but it seemed like 2017 really saw a variety of intriguing new vans (and van build-outs) to inspire would-be road-dwellers to get out...
Year: 2017
Fed Hikes, Mortgage Rates Drop
With the new Fed transparency, these rate hikes are telegraphed well in advance now and priced in by the market. Free enterprise is working - the competition between Chase, Wells Fargo, and Bank of America is keeping rates in check. BofA is quoting 3.875% and no...
One-Story On Golf Course
Here's a video tour of my new listing with golf course frontage! Only $829,000!
Methane in Chula Vista
Hat tip to Richard for sending this in: Methane and volatile chemicals such as benzene have been discovered underground at a yet-to-be completed Otay Ranch project that is marketed as one of the largest planned housing developments in the U.S. Homebuyers in the Chula...
NSDCC November Sales
Much like in the last presidential election cycle of 2012, the November, 2016 sales were high, and led to a frenzied selling season the following spring (we had 4% more NSDCC sales in 1H17 than in 1H16). But sales were solid last month too, which hopefully means...
Leaving Town
As home prices continue to escalate, the less-affluent folks are considering other options. Will the imbalance catch up with us eventually? If so, when? Hat tip to daytrip for sending this in: LINK An excerpt: Jonas Peterson enjoyed the California lifestyle and...
Inventory Watch
In an area of 300,000+ people, we only have TEN houses for sale priced under $800,000 - and there are only 118 priced between $800,000 and $1,400,000! Is it greed, or just supply and demand? It would take something to disrupt the market to find out. Buyers are...
Appraisers’ Opinion of Appreciation
Appraisers in Southern California get together and evaluate the same 300 homes every six months - here's how their values compare to those of CoreLogic (San Diego has the closest gap): LINK An excerpt: Elsewhere in the region, here’s how the battle-of-the-index gaps...
More Inventory!
Above are the three new-home tracts (in order) discussed in this video. The new homes by Shea are replicating the homes they built down by the freeway:
Homeless Tour
While Congress deliberates the winners of their tax reform, the number of havenots seems to be growing. An article in the U-T today showed nearly 10,000 homeless people in SD County, and 55,000+ in L.A. County. Here's an up-close view of the growing tent cities...