Gene Taylor, a renowned blues and boogie-woogie pianist in Los Angeles in the 1970s and ’80s who moved to Austin in the 1990s to play with the Fabulous Thunderbirds, died Saturday at home in North Austin. He was 68. Taylor’s housemate, filmmaker Monty McMillan, said...
Month: February 2021
Everything’s A Million
If you were already thinking that this is getting ridiculous and you better grab the next cheapie even if it was a little rough around the edges before you get priced out forever....this might push you over the edge:
Zillow Gloves Are Off
Zillow is already acting like a regular realtor and soliciting sellers - even those who are actively on the market, which is unethical. Content starts at the 38-second mark:
Prop 19 – It’s Time!
I've seen two new listings mention that their close of escrow must be after April 1st! We are within range now, so hopefully we'll see more Prop 19 sellers putting their home on the market in the coming weeks and months. The California Association of Realtors still...
NSDCC Pendings Overtake Actives
This morning we have more homes in escrow than we have for sale! NSDCC Detached-Home Listings Listing Status # of Listings Median List Price Active 352 $3,950,000 Pending 353 $1,925,000 Once upon a time I was discussing the actives/pendings relationship with local...
San Diego Case-Shiller Index, Dec
I guessed that we might have +10% in both sales and pricing this year, but so far that is way too conservative. It's not just the pricing that's on the run - the sales are cooking too: NSDCC Closed Sales Jan 1 – Feb 15 Year # of Sales Median Sales Price 2020 254...
Zillow Offers
The talk about the cost of home-selling is reaching new heights, yet if you have a zillion-dollar marketing budget and brand recognition, you can get away with charging twice as much and get away with it. All they have to do is feature advertisements like this one...
Effect of Rising Rates
Rising rates only has moderate cooling effect on housing, says Black Knight's Andy Walden from CNBC.
One Month Worth!
Tomorrow we will get the latest pricing data via the Case-Shiller Index. Last month, San Diego was #3 in the nation with a 12.3% YoY increase, and we should see a similar number tomorrow - only because we may have taken a bit of a breather (see the trend above). We...
Inventory Watch
We are getting close to a remarkable event - having more pendings than actives. Here's the current scorecard - 359 Actives, and 338 Pendings! NSDCC Actives and Pendings Price Range Active Listings Avg $$/sf Pending Listings Avg $$/sf 0-$1.0M 6 $424/sf 33 $640/sf $1.0M...