Mortgage rates took a tumble yesterday: Mortgage rates were already in great shape on Friday after having fallen to the lowest levels since November 2016. Rather than draw inspiration from the week's big ticket events (Fed announcement and jobs report), the biggest...
Let's keep improving a listing as we go along! It became obvious at the open houses that people didn't feel the need to explore the backyard - they just looked out from the house to get their feel. But the hedge in the middle blocked some of the view, and to fully...
Maybe having a mortgage is going out of fashion now that the affluent have taken over real estate? Or do we just need to Get Good Help with filing taxes? (30%-40% of Americans prepare their own taxes) The mortgage-interest deduction, a beloved tax break bound tightly...
I don't think this has happened before. This week we had the exact same number of new listings AND new pendings as last week (102 & 47)! The NSDCC active inventory this year has remained in check, however. We came into summer with a bigger load, but the number of...
People almost instantly separate themselves into posers or players by their comments at open houses, and the remarks today ranged from "you're nuts" to "this will sell in a week". Those who are following the market closely will recognize that the entry-level house in...
Segovia Way is in an area of mostly long-time owners and low turnover - people love the area! It makes it harder on buyers though because the comps are few and far between. I mention in this video tour (with special guest!) that the house is worth $800,000, and the...
A tragic day at the beach - here's a geologist's description:
I had guessed that sales would drop 20% this year, but with mortgage rates being so cooperative it looks like we'll be fine. Detached-home sales in San Diego County's north coastal region for the first seven months of 2019 are only down 3% year-over-year (1,642 vs....
Pocket listings should keep the excitement level higher for now. From the Business Insider: The ultra-wealthy are known for being exclusive, and the way they handle the purchases and sales of their multimillion-dollar homes is often no exception. Now, that’s not to...
So we got the expected 1/4% from the Fed, and mortgage rates didn't move - it was priced in. What's worse is talk of another Fed cut is needed just to keep mortgage rates where they are today. From MND: That means, all other things being equal, if the Fed were to say...
