This is not autobiographical:
John Prine, RIP
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Month: April 2020
Coronavirus Peak in California
Hat tip to Hank for sending in this research - they have California peaking next week: The Institute for Health Metrics and Evaluation (IHME) is an independent population health research center at UW Medicine, part of the University of Washington, that provides...
Market-Comeback Challenges
We noted last week how the jumbo mortgage market is back-pedaling in two ways. Banks stopped funding jumbo loans with 10% down payments, and the program that qualified the self-employed borrowers by using their last 24 monthly bank statements was also terminated. The...
San Diego’s Coronavirus Curve
Hopefully we are starting to flatten? https://www.latimes.com/projects/california-coronavirus-cases-tracking-outbreak/
Sellers Get A Vote
Any worry about a real estate collapse has to take into account whether the individual home sellers are willing to dump on price to make a sale. The first sign of such would be a scramble to the exits. How does today's NSDCC inventory of houses for sale compare to...
Inventory Watch
This graph (above) should be a good indicator for predicting the future. There are more escrows closing than opening (34 vs 21 this week), and once that curve flattens out, we'll know where the bottom is - and it might get down to 100 pendings. We are already back to...
Corona Floaters
We let these boats pull into our dock and allow passengers to disembark and roll into our community. Then it turns out they each have several cases of coronavirus. Shouldn't we object to this? Crew members employed on the Disney Wonder reportedly tested positive for...
When Will Real Estate Come Back?
Home sales are likely to plummet, and take a while to come back. When will the market start up again? It will depend on which channel you watch. Excerpted from this article from Fox Business - hat tip GW:...
California Showings
The governor's stay-at-home order was issued on March 19th (red line), but showings had already been dropping steadily. Realtors were changed to essential workers on March 28th, but it doesn't look like agents rushed back to work. The weekly average improved from...
North Park On Canyon
Two houses on a 11,814sf lot in North Park. The smaller house facing Nutmeg Place was built by the Sellers' parents in 1942. They built the larger house at 3115 Olive Street in 1956. This sale just closed at $1,550,000:
