Hat tip Bode! Neighbors of the late San Diego Padres great Tony Gwynn noticed something strange happening in their upscale Poway neighborhood about two weeks ago. Last summer, the Gwynn family lost their home to foreclosure and it’s been vacant ever since. But...
Bowie was born on January 8th, and died on January 10th - today's the 9th!
December sales were down 14% year-over-year, and 19% below the average of the last five years: Year # of Sales Median SP Avg. Cost-per-sf Avg. DOM S/BD* 2013 211 $1,075,000 $485/sf 60 10.0 2014 250 $1,052,075 $482/sf 61 11.4 2015 258 $1,094,500 $477/sf 56 11.7 2016...
Source: WalletHub California is #19, and Minnesota is #1? I'd like a recount! Being dead last in housing affordability probably sunk us. To determine the best states in which to put down family roots, WalletHub compared the 50 states across 49 key indicators of...
Yesterday we heard from Gov Hutchinson, the assistant general counsel for the California Association of Realtors. He travels around the state to inform realtors of the basic changes to forms, and helps define other aspects of the business - here's a summary of what...
It was suggested that we change the price categories again, and the start of the new year would be a good time to do it. But I'm going to leave them be, for two reasons: A) Pricing, and the market in general, has stalled - literally we have twice as many NSDCC active...
A summary of the 2019 forecasts - they say mortgage rates will be above 5% this year, and that pricing will continue to go up too. Something needs to give, and the only thing left is the number of sales: A year ago, several experts predicted the new tax law would...
What's it going to take to get the real estate market going? You could say that sales and pricing were at full speed between 2013 and 2017. What's the common denominator? Low mortgage rates. In the graph above, it's apparent there's been rate-tolerance up to the 4.2%...
This is a great list: 1. 'How do you keep alligators from coming up into the toilet?' Michael Lyons, a real estate broker with Lyons Realty Group in Hollywood, FL, has certainly heard his share of concerns about alligators lurking in yards, ponds, and swimming pools....
Let's start the new year with a tour of a 5,631sf home on the mesa - this sold for $2,725,000 in August:
