The lower rates must have kicked in this week! The new pendings were evenly distributed across our four price categories too. The UNDER-$1,000,000 Market: Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of Pendings Jan 1 36 $477/sf 51 58 Jan 8 35 $479/sf 42 56 Jan 15...
Early history of Carlsbad:
This sold for $1,778,000 in November - man, those one-story homes are hot:
Mortgage rates are are extremely favorable, and should slide a bit further next week. How much lower could they go? Below is a link to an article that compares today to 2011/2012 - an excerpt: If we merely match 2011's performance, the current rally could last almost...
A typical home built in the 1980s that has had work done in the past, but needs more now:
Rich has done a fantastic summary on the San Diego real estate bubble - read more here: https://www.piggington.com/shambling_tiny_halting_step_towards_affordability
If Ivy said it, it must be so! P.S. 10-yr bond yield down to 1.54%: While Wall Street panics about falling rates, Main Street is benefiting, especially in the housing market, according to housing guru Ivy Zelman. She says every quarter-point cut in mortgage rates is...
Aisling Swindell was paying so much for rent last year—$2,100 per month to live in a studio in Downtown LA—she figured she might as well buy a place. “The house I ended up buying was $440,000, which is insane, right?” says Swindell, who works for an online fashion...
Though there has been a lot of noise and commotion in the real estate business lately, our local market has been relatively solid, given how unaffordable homes are for the masses: NSDCC Between June 1 - July 31 Year Number of Listings Number of Closings...
Virtual staging has reached another level with the partnering of these two companies: 3D and 360° Virtual Tour developers GeoCV are proud to announce a partnership with photo editing professionals BoxBrownie.com in their latest business venture. New York Based...
