It's Halloween - and going to the Dead Man's Party! (hat tip JT):
Happy Halloween!
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Month: October 2018
Doom-Doom?
Corelogic reported September sales yesterday, and Doom-Doom Diana rejoiced. She wrote an article with the headline 'Southern California suffers its worst housing slump in over a decade', and reported that sales were down 18%. Then she tweeted the article with the...
San Diego Case-Shiller Index, August
The San Diego Case-Shiller Index has begun its usual flatness a little earlier this year, and we might see it drop a couple of points in the coming months. But never fear, Blitzy is here! "Following reports that home sales are flat to down, price gains are...
812 Clicks
I only put this on here because I want you to learn with me, side-by-side. I spent a couple of bucks on a Facebook ad, and got 812 clicks. Buyers are interested! There is a demand right below the surface, and a property that looks under market will get hundreds of...
Today’s Action
I'm standing way too close to the camera here. Do yourself a favor - put your device down, and stand on the other side of the room when watching this: https://www.zillow.com/homedetails/7516-Brava-St-Carlsbad-CA-92009/16677014_zpid/...
Mortgage-Rate History
For those who insist on reminding us that rates are still historically low, here's a colorful demonstration of where we've been. Today's rates are as high as we've seen this decade - which is all people remember! (Click to enlarge)
Inventory Watch
Now that the media is trumpeting a slower housing market every day, you'd think there might be more sellers hitting the panic button and listing their house for sale this year, rather than wait for the Glut of 2019. But this week, the number of new listings dropped...
NSDCC Actives/Pendings
Here are the stats for the NSDCC detached-home market (La Jolla to Carlsbad): Reading Date Actives Pendings A+P A/P Oct 28, 2015 970 358 1,328 2.71 Feb 1, 2016 788 254 1,042 3.10 Mar 23, 2016 900 399 1,299 2.26 June 21, 2016 1,052 428 1,480 2.46 Aug 17, 2016 1,060 395...
Stucco Valley
A good example of today's market conditions. At first, you would think a bank-owned house in the prime Derby Hill community in Carmel Valley would garner a lot of attention, and sell quickly. But this one isn't tricked out with extras, and it's not a canyon lot...
Redfin Estimate Drops $90,956
Another example of how the Redfin estimates aren't generated from some snazzy algorithm - they are just tied to the list prices. Above is the before-MLS-entry estimate of $823,185. Below is their estimate after the MLS listing got into their system: $732,229
