This week we had 70 new pendings, the highest weekly total of the year and the most since September 4th. While we have had weekly new-pending counts in the 80s and 90s during previous selling seasons, 70 is probably as good as we will see this year. Last year, we...
Sellers will be reluctant to lower their prices just because rates went up, so what do higher rates mean for home buyers? Let's take a minute and a half and logically review the actual differences in payments when rates go higher:
Mortgage rates settled down the last two days, but the damage was done - we're above 4.50% (no points) now for 30-year loans. You'd think that some day the higher rates will have an impact on the demand for housing, but for now, sellers are confident that the prime...
Jim the Realtor on cnbc - does the advice sound familiar? Hope for Housing? from CNBC.
The local NSA Case-Shiller set a new record this week too. From the U-T: The San Diego County median home price soared to its highest point ever, $550,000, in March, said real estate tracker CoreLogic. Home prices increased 6.8 percent in a year, which experts...
Freddie Mac's underwriting also allows self-employed buyers to submit tax returns for one year only, instead of the customary two years' tax returns. I'm not sure if they will do that on this new program? It’s been more than three years since Freddie...
Carmel Valley's One Paseo will have 60 affordable units among the 608 apartments being built (no prices announced yet). The processing of the development began in 2009, and the final project ended up being roughly one-third the size of the original proposal. The...
From Realtor Magazine: Real estate shopping requires a buyer’s imagination. As a real estate professional, you want open-house guests to be able to picture the household as if they’ve already moved into the property. That’s why staging can make all the difference in...
John and Exene are playing the Belly Up next Wednesday, and will probably be playing this song. If you're a fan, you should probably get a hold of me!
Though the number of pendings has been lower recently, the closed sales are about the same as last year. Buyers are probably more reluctant to cancel a sale once in escrow? NSDCC Action Between Jan 1st and April 10th Year # of Closed Sales # of New Listings CS/NL % of...
