Like most real estate talk, half of this is horsepucky: Don’t Let FOMO Drive You Just because everyone is buying a house, doesn’t mean you should be too, said Donald Olhausen Jr., owner of We Buy Houses in San Diego. “I have seen many people force bad decisions...
I suggested that mortgage rates should settle into the 4.75% to 5.50% range, and Bill at CR thinks the range will be 5.0% to 5.7%. Today's rates are in the low 5s, so we have arrived and buyers should not feel the need to hurry up - but it will be bumpy over the next...
Development proposals have been requested by the City of Carlsbad and the NCTD for the properties adjacent to the train tracks. A brief review: Click here for more info: [button...
https://journal.firsttuesday.us/sales-and-broker-population-2/61530/ More people continue to get their real estate license. It looks like there have been around 8,000 new licensees in each of the last 2-3 quarters! There are somewhere between 15,000 and 20,000...
Sally's former home in Los Altos closed yesterday for what seems to be the obligatory $500,000 over the list price (LP was $3,195,000): https://www.zillow.com/homedetails/1200-Brucito-Ave-Los-Altos-CA-94024/19620416_zpid/ The bump over the list price is so customary...
In the last 24 months, there were two sales of $1,670,000 and $1,725,000 in the Ranch of Carlsbad. In the last 12 months, there have been three sales in the $2,500,000s. Now there are two sales closed over $4,000,000!
I think we can say that the statistics are starting to reflect the current environment, which is being muddled by a few factors: There are so few listings that sellers (and listing agents) are pushing the list prices....but buyers have had enough, and the inferior...
A fantastic spin on higher mortgage rates by two economists - an excerpt: Mark Fleming - That's a great question, Odeta. And when we subtract the core CPI inflation rate from the 30-year, fixed mortgage rate, we find that, with air quotes here, mortgage rates are...
The percentages of sales closed over the list price are higher than in 2021, but will it continue? NSDCC Monthly Detached-Home Sales, % Closed Over List Price ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC Average...
There were foundation repairs here too:
