Last year, the showings in early December ended up about where they were during the previous January. But this year we had a huge post-Thanksgiving bounce, and are now 175% above the same time last year! Next year is going to go nuts!
Month: December 2020
FHFA Extends Moratoriums
It's costing the taxpayers more than $7 billion, but nobody in government wants to be the one who foreclosed or evicted people during a pandemic. I'd guess that a Covid loan-modification program is coming next: Today, to help borrowers at risk of losing their home due...
Upscale Modern in Village
Check out our new listing! 725 Grand Ave., Carlsbad 2 br/2 ba, 1,206sf LP = $1,199,000 Unique Luxury opportunity in the Heart of Carlsbad Village! Whether you want to live near the beach or are seeking a second home, this seaside condominium offers all the comforts...
Top 20 Real Estate Markets in 2021
The experts at realtor.com think our pricing will go up 5.5% next year, and the folks at Zillow have predicted around 8% for areas...
Prop 19 – Will Trust Protect Reassessment?
Prop. 19 will reduce or eliminate some generous tax breaks that families get when property is transferred between parents and children. But it won’t change the rules for trusts themselves. Some transfers are exempt from reassessment. Transfers between spouses are...
Inventory Watch Dec 7
There were 37 new SFR listings between La Jolla and Carlsbad since last Monday (and 58 new pendings!). Only one of the new listings went pending though - mine on Sitio Corazon where we had 25 showings and three offers. We're opening escrow today at well over list...
Rates & Millennials To Fuel Market
2020 was a truly unprecedented year. With it behind us, let’s look ahead at three housing market trends that are likely during the next three years. First, exceptionally low mortgage rates are likely to be around for an extended period. We expect 30-year fixed-rate...
Sitio Corazon – Sold
Attention multi-gen buyers! Our new listing in La Costa Oaks has the master suite on the first level plus the perfect granny flat too! The flex space upstairs includes two regular bedrooms, two full baths, a massive bonus room, plus library/gaming loft too, all...
Forbearances Being Extended
Lenders learned their lesson last time - instead of foreclosing on non-payers and risk losing money, it's better to extend and pretend. There won't be a time coming where we are flooded with REOs....ever again: Mortgage forbearances for homeowners affected financially...
Friday Update
Friday Wrap-Up! Thursday Showings: 5 Friday Showings: 11 (+one no-show) Total Showings: 16 in first 1.5 days on market. Two offers. After the first offer, I suggested to the sellers that we raise the list price which I don't remember ever doing before - and remember...