The most susceptible to home thievery are those properties that are paid off, and all you need is a crooked notary. This was more of a vengeful act by an ex-boyfriend that could be unwound a little easier because it had a mortgage and harder to re-sell. Hat tip to SM...
Year: 2019
More 2020 Forecast
Above you can see how our market compares to others, and below is the history of our 'months of supply'. I said in the video yesterday that I thought the NSDCC sales in 2020 will be down 10% year-over-year mostly because there aren't enough reasonably-priced homes to...
Yun 2020 Forecast
New-home sales probably will jump 11% to 750,000, according to Yun’s new forecast, which would be the highest reading since 2007. Sales of existing homes likely will increase 3.7% to 5.56 million in 2020, the highest tally since 2017, Yun said. “Some loosening in...
More Wrap-Up & Forecast
These guys don't release their local forecasts: Home prices increased on an annual basis by 3.5 percent in October according to CoreLogic's Home Price Index (HPI). The index rose 0.2 percent from the previous month. The rate of increase in home prices appears to...
2019 Wrap-Up & 2020 Forecast
Last December, I had guessed NSDCC sales would drop by 20% this year, but that was back when mortgage rates were touching 5%. With rates back in the 3s for most of 2019, our sales exceeded my expectations - here are the NSDCC detached-home listings and sales for the...
Buy Shirt, Get Condo
Hat tip to Rob Wile! Developers of high-end luxury condos come up with all kinds of gimmicks to set themselves apart from their well-heeled competitors: a private Alicia Keys concert, dinner with Andrea Bocelli — even a free Aston Martin Vulcan racer worth more than...
RSF Farms
This just closed for $2,050,000, which is a nice value for golf course frontage - under $400/sf!
Del Mar Airport
We were scheduled to fly out of JFK last night at 7:35pm, which seemed reasonable because it was barely snowing and the temperature was in the low-30s. Certainly the airport and Delta Airlines can handle that! We left at 4:45am eastern time! I think we spent more time...
Kayla at Work
How was your Thanksgiving? We spent ours in Manhattan, and got to see Kayla at work. Here she is showing us her top-floor rental listing on the Upper West Side: If you or someone you know is moving in or out of New York City, have Kayla help! She can be reached at...
Inventory Watch
Yunnie and others mention the lack of inventory as a big problem, but it is relative to price point - the higher end has plenty of choices available! But the number of houses for sale between La Jolla and Carlsbad priced under $1,500,000 is down 33% year-over-year, in...