Here's a visual comparison of last year's counts of NSDCC weekly active and pending listings, and how we are doing this year. Mortgage rates had bumped up from 4.47% in April to 4.83% in October, but the inventory kept growing too, which didn't help. The pendings are...
This reminds me of the time of when we were at the Rosarita Beach Hotel back in the '80s and somehow my credit card got on the loose and I ended up paying for drinks for everyone all night!
There was a good summary of the ibuyer business published yesterday: https://www.curbed.com/2019/3/21/18252048/real-estate-house-flipping-zillow-ibuyer-opendoor An excerpt: But as more players jump into the space and markets are saturated with various competing...
Doesn't it feel like we're in another bubble? Home prices have been on a tear for ten years straight, and are at their highest levels ever. Is this bubble going to pop too? Let's look at the statistics first. I took the most recent 45 days to get the latest scoop,...
We can probably say that affluent people are coming, and those who are priced out, or cashing out, are leaving. There were 31,354 houses and condos sold in San Diego County in the last 12 months, so those migrating are only part of our real estate market. Millennials...
We had 132 new listings hit the MLS in the last week, which is the highest weekly total in over a year. Hopefully more listings will mean more sales! Last year, it was during this time that the momentum picked up nicely, and the only time we had 400+ pendings in...
Don't realtors all look the same? Everybody does flashy photos and big spreads - what could be different? It's the attention to the fine details that makes the difference - and determines your fate on whether your sale will close smoothly. Here's an example: Thinking...
It looks easy, doesn't it? With the internet, how hard can it be to buy or sell a home? There are no shortage of options. Buyers see thousands of homes for sale, and sellers find thousands of agents happy to list a home for fees ranging from $100 to 6%. Yet the...
My general rule-of-thumb is that if two people send me the same article, then I should blog it. Not only did two people send this in, but Henry Fung also mentioned to the article's author on twitter that she should read my blog, and as a result, she followed me. Now I...
Rob Dawg's neighborhood! Hat tip to Eddie89 for sending this in: Surf, sun and year-round moderate temperatures can sometimes come at a cost. With a reputation as one of the most expensive states in the U.S., California (thankfully) still has some economically sound...
