Yuma beat out every town in San Diego County? Less expensive cities with strong local economies climbed The Wall Street Journal/Realtor.com Emerging Housing Markets Index in the first quarter, another sign that many home buyers are giving priority to affordability....
Month: May 2022
Top Gun 2 Premiere
? We're close now! We are still planning to host a Top Gun 2 private screening. I have two different guys attending who were stationed at Miramar NAS when the first film was shot, and their commentary promises to be worth it!
Inventory Surging?
This is an example of the hysteria being whipped up by the pseudo-experts. They tend to grab fake data, jump to conclusions, and then spread it everywhere. Here is the tweet with comments - he says the +31% is the change between March and April:...
Can’t Buy What’s Not For Sale
The talking heads are saying that higher rates are slowing sales, and I say it's the lack of inventory. If higher rates were the cause, we would see more active listings piling up. This chart shows how the pendings have dropped off from last year - especially those in...
JD in Church
We attended the Adams Avenue Unplugged last weekend in Normal Heights, and it was a great time. We walked down to the A/C Lounge to see Chickenbone Slim & the Biscuits: and then back to the Normal Heights Methodist Church in time to see John Doe play solo. Tony Hawk...
NSDCC Sales & Pricing, April
Last year's frenzy was crazy because of the volume - there were enough listings to drive sales higher than usual. This year we don't have as many listings, and it is driving the pricing to astonishing heights: NSDCC Sales and Pricing, April Year NSDCC Detached-Home...
Dirt
This house is on a 1.06-acre lot and fixers in this area have been hot, so I guess that's enough reason to pay over list. I'm sure they will get the last laugh when they build 2-3 houses and sell them for $8 million each.
Minimizing the Capital-Gains Tax on Home Sale
The big concern for long-time homeowners today is having to pay capital-gains tax on the net profit that's ABOVE the exempted $500,000 for married couples. While the 2-out-of-5-year rule that was passed in 1997 is due for some adjusting, there haven't been any...
NSDCC Number of Listings, First 1/3
Yesterday we saw how the NSDCC active listings shot up from 224 to 256 in one week! The count was at 190 just a month ago. But to keep it in perspective, let's compare it to previous years: NSDCC Active & Pending Listings, First Week of May Year NSDCC # of Active...
Mortgage Rates Over 5.5%
Rates are getting so far ahead of where they should be that there should be some relief once the Fed bumps their fed-funds rate by one-half percent this week. But we'll probably end up touching 6% in the next 1-3 months. From the MND: The hits keep coming for mortgage...