Buyers and sellers will be tempted to sit out the rest of the year, and the resulting environment could actually get quite boring as we're all standing around watching sales drop. We just need to survive until the 2023 Selling Season, because the market will really...
“A father doesn’t tell you that he loves you. He shows you.” —Dimitri the Stoneheart “A good father is one of the most unsung, unpraised, unnoticed, and yet one of the most valuable assets in our society." - Billy Graham “Dads are most ordinary men turned by love into...
Over the last few decades, the 30-yr fixed mortgage rate has run at 1.75% over the 10-yr yield - which if true today, it would put us at 5.0%, instead of 6.0%. Here's what the MND thinks about the bond yields: As for Treasuries, yields are now high enough as to be...
The California Association of Realtors said that the number of pendings has been falling. They don't give any other details or interpretations, so what will casual readers conclude? The market must be coming apart! Thanks C.A.R.! But because pendings and sales are...
Try out the moving-cost calculator - input the start and end locations and it will give you an estimate: https://www.movebuddha.com/moving-cost-calculator/
This is our third look this year at a house in the Ranch of Carlsbad - the other two closed over $4,000,000 (one famously at $1,000,000 over list). This property didn't sell in the first month, probably due to the interior looking somewhat original and in the Ranch -...
Seeing how the government got us into this, let's note that they are willing to carry some of the burden of higher mortgage rates. At today's rates, buyers can write off twice as much mortgage interest! Signed in 2017, the Tax Cuts and Jobs Act (TCJA) changed...
Now he's done it. Chairman Powell's remarks yesterday (and my comments at bottom): Rates were very low. A good place to start is rates were very very low for quite a while because of the pandemic and you know the need to do everything we could to support the economy...
https://twitter.com/SamuelWigness/status/1537135625953955841
This 1998 tract house sold for $2,440,000, or +$144,000 over list price (+6%). The +6% should be about the maximum from now on. Heck, these are selling for the same money as they were getting next door in the Ranch of Carlsbad last summer!
