Yesterday, I had two similar occurrences take place so it must mean I should address it! This comment was left here on the blog: I just wanted to thank you for your bidding war info. I have followed your blog for many years. We listed our house in Ramona last week and...
A remarkable achievement considering that Compass has only been a nationwide company for 3-4 years. It will matter more later too. CoStar is going to change the search-portal landscape, and if they spend enough advertising money to get all the eyeballs, the...
The Mortgage Bankers Association (MBA) released its latest mortgage application numbers this morning and the modest movement belies the drama unfolding in the world of mortgage rates. As usual, the MBA does a good job of capturing average rate movement week to week...
Let's see which areas are picking up steam early in the selling season: We used to think that a normal and healthy market has a ratio of 2:1 actives to pendings, so it's stunning to see five areas that have 3x the number of pendings as actives! And SE Carlsbad has...
I spoke with Jordan at the San Diego County Tax Assessor's office about their Prop 19 processing. He said they have received about 1,000 requests since Prop 19 went into effect last April 1st, and have completed about half of them. He said there is a backlog of 6-9...
Currently, the entry level for Carlsbad houses is around $1,200,000, so when this one first hit the market at $1,119,000 you can bet it stirred up the frenzy! They raised the list price to $1,199,000, but it didn't slow anyone down. The agent received 28 offers, and...
Rates matter. We gave credit to the ultra-low rates when they were in the 2%-range for helping to create the frenzy. Likewise, higher rates will have something to do with the way the market turns out in 2022. It's not because the payment are so much different. When...
Bill is reporting a 3.1% increase in inventory nationally, which sounds hopeful and we can only pray that it happens here. But we were really far behind after the holidays and we're still struggling to catch up: NSDCC Inventory: March 15, 2021 - 332 Actives, 333...
There wasn't an obvious winner at the TinyFest - everyone is asking full retail for their product, and it makes you think that going custom is a better choice. And they all do custom! https://www.tinyfest.events
