While the 2020 is winding down and we look forward to next year, I'll occasionally repost the unique factors that will have impact on the 2021 selling season. Let me know of any others: Ultra-Low Mortgage Rates - Rates around 3% are expected to continue through 2021,...
How do the first three quarters of 2020 compare to last year's stats? In spite of 8% fewer listings and the pandemic, we've sold more SFRs this year between La Jolla and Carlsbad! NSDCC Listings and Sales, Jan 1 - Sept. 30 Year # of Listings # of Sales 2019 4,070...
Let's get some intel on how people feel about moving next year! Take this survey, and when completed, you can share it on social media. I'll publish the results on Tuesday:
The California Association of Realtors kicks off the 2021 forecast season! To show how far removed they are from reality, check their foreclosure forecast. Homeowners are flush with equity, and if they get in trouble, they will sell before they getting foreclosed...
Let's continue to watch how the quaint old beach town of Carlsbad is being redeveloped by big money and a laissez-faire city council - so far, it looks like a grab-bag (an assortment of miscellaneous items):
pic.twitter.com/KPFoPXbqJq — Wolf Van Halen (@WolfVanHalen) October 13, 2020
There should be some scrambling to purchase properties in the two highlighted areas below, but the cost for Mom & Pop to add an ADU is still a hurdle ($50,000 to $100,000 min). San Diego further loosened rules for granny flat construction Tuesday, eliminating all...
Another story demonstrating how free enterprise is being squeezed: California is taking steps to avoid a repeat of the conversion of thousands of single-family homes from ownership to rental properties as occurred during the Great Recession. In late September, the...
More excitement to stir up next year's selling season! Most landlords can survive a while, but faced with no rental income for months, won't a few long-time landlords say, "Screw it, I'm cashing out and I don't care about paying the taxes!" Evicting the non-payers...
Hat tip to just some guy for sending in this article: Thanks to the COVID-19 pandemic, more deep-seated, tectonic-sized questions beyond markets and interest rates are being asked this time around that no one really has the answers to yet—like will people feel safer...
