The non-seasonally-adjusted San Diego Case-Shiller Index had another strong reading for May, setting a new all-time high of 257.46! “Home prices continue to rack up gains two to three times greater than the inflation rate,” says David M. Blitzer, Managing Director...
Giorgio got a big publicity boost for the documentary film last week when he was featured on the Chris Hayes podcast. I hate to tease the crap out of it - the film will be released at some point, I promise. But in this 50-min podcast he lays the whole...
Need just one statistic to indicate a slowdown? It was just three months ago (April 23rd) that we had 59 houses for sale, priced under $1,000,000. Today there are 116 houses listed under $1,000,000. Here are the NSDCC inventory counts from the last week in July: Year...
Hat tip to Eddie89 for sending in this article on the prospects of Zillow's ibuyer program, which looked a little sketchy to me too until it was divulged that these ibuyers are primarily in it to make the fee income, and if they can make a profit by selling the houses...
His have been the best real estate films, but this may be pushing it:
H/T daytrip! If you rent out your entire home or even a room in your home (or your vacation property) for at least 15 days in a given year, you can get a surprising tax break under Trump’s new federal tax law! How it works: As a short-term landlord, you can get around...
When I first saw this graph, I thought it was the perfect way to sum up the changes in the marketplace since the 2000-2009 era. Back then, people were younger, there were plenty of homes for sale, and prices were relatively affordable, so we always had a very fluid...
Hat tip to JT who sent in this doomy article about home sales: Southern California home sales hit the brakes in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses and condominiums dropped 11.8 percent year over...
We might be seeing some whipsaw effect with today's buyers being overly cautious. Either that, or we've ran out of the buyers who jump in too fast or too high, and just the deliberate ones are left: Millennials aren’t exactly jumping for joy after purchasing their...
Like most of the videos seen here, this was a home tour for a potential buyer. It also includes my basic intro to the village too. The home sold for $2,350,000 in February:
