The WSJ recently highlighted the fire-insurance problems in California - excerpts: Worried about wildfire exposure and frustrated by state regulations, insurers in California have been cutting back on their homeowner businesses. Now, affluent homeowners are feeling...
Last week, we played the 2007 Super Bowl halftime show by Prince. Here is the press conference three days earlier - which is another all-timer: The best article on the whole event - it was wild:...
One sign isn't going to change the world, but it's an example of how home sales will be changing in the future. If/when homes are sold in-house (not exposed to outside brokers and buyers) like commercial properties, Compass should extend its dominance in San Diego...
This is the house I featured here when it went on the market on January 12th. It was a little early for the usual selling season but the market has been so hot over the last three months that we dove right in. The numbers: Model-match sale across the street in May:...
This guy has been drunk on the doom juice for so long that he must never get out of his bunker! If he did, he would see the overwhelming demand for every new listing, even though underwriting standards are strict and rates are going up. Of the 140 NSDCC sales last...
We can work the pricing expectations backwards too. If this is what they are selling for in San Marcos, then anything similar along the coast will be $2,000,000+.
Last Friday was an interesting day for mortgage rates and the broader bond market. Rates began the day roughly in line with Thursday's latest levels, but bonds lost ground throughout the morning. Multiple lenders adjusted rates higher before 1:30pm. After that,...
Even with the list prices reflecting massively-inflated values, nearly half of the homebuyers felt the need to pay over the list price lately: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59%...
The Super Bowl is complete, and the spring selling season begins today! Judging by the quick jump in the total number of pendings, homebuyers aren't waiting around. Mortgage rates have risen faster than any time in the last dozen years, and the number of homes for...
The number of NSDCC active listings has been in a tight range of 167-179 over the last six weeks - which means there is a strong surge of new pendings, evidenced by the purple line racing upward. The number of homes in escrow has grown from 142 on January 10th to 193...
