A big community gathering is exciting for our sleepy little beach town, and the protests planned for this weekend are likely to draw a crowd. Here's how merchants are preparing: More Photos of boarded-up Downtown Carlsbad Link To Instagram of Protest Organizers
Month: June 2020
Mortgage Rates Rising
Just like the price of gasoline, mortgage rates are very slow to come down, but they tend go up like a rocket - and with the surprising employment news today, we'll probably get back into the mid-3s by Monday. We'll see if the lowest rates in history were the sole...
County Recorder is Open
https://www.facebook.com/ErnieDronenburgJr/videos/287380042301225/ Ernie is like me - the mask is probably a good thing.
Prefab Office Shed
Hat tip just some guy for sending in this article on smaller but cheaper alternatives: With modern looks and efficient construction, prefab continues to be an alluring option for building a new home. But if you already have a house, adding a backyard structure made...
DT Carlsbad
Another spin around the rapidly developing downtown Carlsbad area......where everything is $900,000 and up now! Two or three more years of this and long-time locals won't recognize it!...
Power to the People
Jumbo 90% LTV
The coronavirus caused banks to pull back on lending, and one niche that was severely impacted was jumbo loans with less than 20% down payment. In early March, you could have borrowed $2,500,000 with 10% down, and by the end of March the max was down to $850,000. We...
Lower Supply = Higher Appreciation
From First American: In April, pandemic-related pressure drove the supply of homes for sale to its lowest April supply level ever. Even in the years prior to the pandemic, the lack of housing supply for sale was a significant headwind to the housing market. A major...
Paint Survey Goes Viral
Hat tip Susie! PORTLAND, Ore. — The Landreths had just pulled the vinyl siding off their house and the cedar siding underneath was in dire need of a paint job. The boards were covered in peeling white paint and needed new life. But picking out the next paint color for...
22 Offers
Not mentioned was the list price was $7,000,000 (on April 2nd), and the listing agent represented the buyer too: Even in the throes of a pandemic, the offers started coming in almost immediately. The day after an off-market opportunity in Beverly Hills was made known...