Higher prices, higher rates, slowing sales, and now easing loan guidelines? On non-owner-occupied properties? Buying a rental property with 5% down is unheard of, and even with higher rents they are likely to negative cash flow: Freddie Mac is consolidating its Home...
Month: September 2018
Record Number of Price Cuts
Though Manhattan has been a buyers' market for two years, let's take these with a grain of salt - the slowdown is due to the highlighted sentence in the last paragraph. Hat tip to GW for sending this in: New York City’s home sellers, tired of waiting for buyers,...
U-Haul Top Destination Cities
Hat tip to Rob Dawg for sending in this article on the top destination cities for U-Haul users. Because it's just one company, it isn't the comprehensive list, but we can probably assume that these towns are where people move who are more budget-conscious, and do...
New Homes in Olivenhain
Here's an update on the new homes being built at the end of the road in Olivenhain from $1,900,000 and up:
Zestimate Cooking
After using Zillow for years, consumers probably start to cozy up to the zestimates, just out of familiarity and convenience. Those who are new to the game - and believe Zillow to be an authority - are going to think the zestimate is a neutral opinion of actual...
Olde Carlsbad Charmer
Here's one of my all-time favorite houses in Olde Carlsbad. For those who want a non-tract custom home on a big lot with no HOA, you should check it out! [button link="https://www.zillow.com/homedetails/4039-Sunnyhill-Dr-Carlsbad-CA-92008/16648426_zpid/"...
JtR Expands the Market Area
Our local associations of realtors are done suing each other, and as of today, those of us in the NSDCAR are officially using the nearly-statewide CRMLS. We are going to share the other local option, SDMLS, for the next two years so consumers probably won't notice...
Stagnant City For Years?
Rich didn't sound any alarms in his most-recent post, and he is among the most neutral observers - he's not in a real-estate-related profession. He said: So, there's nothing extraordinary or panic-worthy here... the market is a good amount weaker than it was in...
Lagunita
Initially this had a lot of promise being the HGTV winner and being oceanfront for only $15 million, but as the film rolls on, you realize the high density - it is practically like a condo. It might be better enjoyed with the volume down:
Rich’s Take
More here: https://www.piggington.com/august_2018_housing_data_cooling_market