Hat tip to Rob Dawg for sending in the second forecast that is predicting our home prices will continue to rise: While home price changes on the local level vary, July gains across all of the top 10 metros surpassed their 2020 levels. However, metro areas where...
This blog post was added here in 2018, and has gotten many views and comments since: https://www.bubbleinfo.com/2018/05/11/gagosian-mansion-in-la-jolla/ Wayne Gagosian, son of the owners, came across it last week, and was very generous to send in some of his personal...
On one hand, it looks like the national Case-Shiller Index is up about 40% since the previous peak (above). But after adjusting for inflation, Bill shows how home prices are about the same as before:...
The number of pendings has increased in each of the last four weeks, and by next week could exceed the number of active listings again. The rest of the year should be exciting! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC (La Jolla to Carlsbad) Under...
Last year, 16-year old Jack Munday was tragically killed in a car accident in Carlsbad. Between June and August 2021, Carlsbad based artist Bryan Snyder worked with the Munday family to design and create a public art memorial bench for Jack Munday. The bench was...
Another update on the forbearance exits. Nobody is going to get foreclosed in North San Diego County's coastal region, mostly because of the ample equity position every homeowner has in place - but those positions could cause them to sell. Won't the homeowners be...
Over the last six months in Encinitas: There were 183 sales of two-story homes, and they averaged $744/sf. The 98 sales of one-story homes averaged $952/sf, or a 28% premium! Let's also note the price discovery here. The sellers and agent were smart to lower the price...
Let's also mention Carlsbad's efforts to meet state requirements for low-income housing: https://thecoastnews.com/carlsbad-city-council-approves-70-affordable-housing-units/ CARLSBAD — Affordable housing is a challenge for many cities as the housing crisis rages...
There were 158 two-story detached-home sales in the last 12 months in the 92011 (SW Carlsbad). They averaged $543/sf. There were 43 one-story sales. They averaged $685/sf. The premium? About 26%!
Our daughter Kayla was planning to be here anyway, and was due to arrive yesterday. Thankfully, she was able to catch a flight on Tuesday, and missed all the excitement in the Big Apple! I'm hoping to get her on video before she goes home.
