The total number of pendings dropped 6% this week - escrows are closing! It also means that the market took the normal break for graduations, though we haven't had fewer than 54 new pendings since Super Bowl week. The number of pendings over the last four weeks is...
Twenty-one years ago - time flies!
A somewhat-remodeled single-level home in La Jolla's gated Windemere community with virtually no yard, an interesting pool, and virtually right on the tennis courts. This closed for $1,110,000 in April:
Here we saw how the NSDCC sales have been down 9% this year - how have sales been county-wide? The closed sales between January and May this year are also down 8% compared to last year, in spite of there being 20% MORE houses listed for sale than in 2017! The...
I was listening the night that John Lennon was assassinated, and Jim Ladd got me through the next few hours by playing an incredible blend of JL tunes to ease the pain. He is one of a kind:
This might be the greatest sucker play in the history of housing. The I-news featured a story about the first five Zillow buys in Phoenix, and as you can see above, they are planning to lose money on all of them. The reporter also interviewed one of the homeowners...
The diverting of money being wired into escrow accounts to close real estate transactions is a real problem, but the authorities are on it - they have recovered $350 million! Unfortunately, they also mention here that $3.7 billion in losses have been reported:...
The Fed raised their federal-funds rate by 1/4% as expected today, and mortgage rates showed their usual indifference: Fannie/Freddie 30-year mortgage rate with no points, yesterday: 4.70% Fannie/Freddie 30-year mortgage rate with no points, today: 4.73% From MND: In...
The cheerleaders have been saying that the fewer sales this year are being caused by less inventory. Is that the case? Looking at the detached-homes between La Jolla and Carlsbad, the number of houses being listed in 2018 looks about the same as in previous years. ...
When buying a home, the opinion of children matter. If you also add what the parents think the kids want and need, and include those variables into the home-buying decision, it would be even higher - probably close to 100%. Centrally-located homes with big yards and...
