I wonder if the rest of America looks at the homes in the bottom half of this photo above and correctly guesses that they are selling in the mid-millions.....Excerpts from article linked at bottom (hat tip Ray!): Would-be home sellers have numerous reasons for staying...
California is known for being a tenant-friendly state, and now the eviction moratoriums make it feel like it's Free Rent For All! It is particularly hard on the mom-and-pop landlords who live on their rental income and who are conflict-adverse, which puts them in a...
We know that the ultra-low mortgage rates and tight inventory have been driving the market wild. But here's an extra boost - the strict mortgage underwriting that began in April is being relaxed: Credit Loosening: According to the NFCI credit index, a composite...
If there was going to be a day when buyers might have had a chance to sneak in an offer to purchase without competition, it was today. Yeah, right. Meanwhile, after 'upgrading' the MLS for four days, here were the results:
After another weekend of multiple-offer situations where the listing agents made no attempt whatsoever to create a bidding war, and instead just shut down the showings, it's hard to believe there is any downturn coming our way. When you can get a mortgage rate in the...
It was on April 15th that I drew up the calendar above, and then I added the additional red box around June when it was becoming obvious by the end of May that the market was taking off. June, July, and August were all dead-red-full-tilt-boogie, then we had a blip...
For the second month in a row, 100% of the agents surveyed around San Diego County reported increased pricing, month-over-month. Sales are likely to slow over the next few months due to fewer homes for sale (see the 16.7 drop in Home Listings index) which is...
We are hitting peak performance when the median sales price is going up around 2% per month. With the wicked combination of low inventory and rates, it could continue - and after a year we could be up +24%! It reminds me of my first blog post from 2005, which was the...
Are you thinking of a move out of California? Cashing in your home-equity lottery ticket and escape the tract homes of SoCal? Move to a quieter, more laid-back area and get yourself a smaller yet comfortable home with an ADU on some land, all for $300,000 to $400,000...
