The pandemic is being blamed for people leaving town. I think it's more that Covid-19 is the last straw that is causing people to take the action they would have taken at some point anyway. The 'rona will be gone in 1-18 months - moving is a major life-changing...
Month: September 2020
NSDCC September Preview
The impending 'upgrade' of the MLS starts today at noon, and last until Monday. It will screw up my stats for usual Inventory Watch on Monday morning, so here's a mid-week preview. Today there are 491 NSDCC detached-homes in escrow, which the highest number I've...
Toots, RIP
Let's break from our early-1980s cruise around the L.A. music scene to acknowledge one of the greatest Jamaican artists of all-time, Toots Hibbert, who died on 9/11. As most of you know, my wife Donna was born and raised in Jamaica, and her father was a musician in...
Dear Homebuyer
Have you been searching for homes all summer, and still haven't bought one? Do you feel like the inventory has been mostly garbage that you wouldn't buy at any price? Then once or twice a month you see a nice buy that turns into a bidding war and you don't win it? It...
Being A Realtor in 2020
Here's what it will take to be a successful realtor from now on - hat tip WSJ! “It’s an attention game. It’s not who has the better postcards, it’s about who can attract the most eyeballs,” Mr. Serhant said. “I can walk into an appointment with a seller and say ‘there...
South Carlsbad State Beach 1965
2021 = Market Compression
The 2021 selling season should be the craziest market in the history of the world. My theory: The covid-19 pandemic has jumbled the usual timing of the elective movers, and we are experiencing a not-natural compression of reasons to move. We will have our Big Three...
Inventory Watch
I think the Labor Day heat stroke showed up in the stats this week. We only had 75 new listings between La Jolla and Carlsbad, and 70 new pendings, which is about a 20% drop from the last couple of weeks. Or was it just the usual cooling off? We'll see next week! The...
Carlsbad ADU Policy
Hat tip to Peter for sending in this article: CARLSBAD — The city finalized its policy regarding accessory dwelling units to reflect changes in state law. During its Sept. 1 meeting, the City Council approved amendments to the zoning and municipal codes, in addition...
Election & the Real Estate Market
Here are some interesting housing statistics from previous election years: