I am running short on videos - there are fewer homes for sale, and the list of homes worthy of a video is even shorter. We saw this one a couple of months ago, and it just closed on September 16th for $3,600,000, which was $100,000 over list. Knowing that, the video...
If mortgage rates around 7% weren't bad enough, today we are experiencing another major setback to the San Diego real estate market. Florida has been one of the main destination points for those moving away from here. How many people who were planning to leave San...
Hat tip to Garry and Rob Dawg who predicted that we'd hit 7% this year, for the first time in over 20 years! It was in April, 2002 that rates were over 7%, back when the NSDCC median sales price was $635,000. This month it's $2,075,000! Rates have never doubled this...
I mentioned in my very first blog post seventeen years ago that all it takes to achieve 20% to 25% annual appreciation is for everyone to pay a little more than the last guy. The same principle works in reverse too. San Diego Non-Seasonally-Adjusted CSI changes...
The 250-agent brokerage where Kayla hangs her license has been acquired by the Agency, and they will have more TV shows available for their agents! Hopefully her hair flip will land her a role: View this post on Instagram A post shared by Kayla Klinge...
Graph from JBREC: Only 36% of current homeowners said they would move if rates were 5%+, Only 15% said they would move if rates were 6% or higher, and ONLY 7% OF CURRENT HOMEOWNERS WOULD MOVE IF RATES WERE 7% OR HIGHER. If the market of move-up and move-down buyers...
Pete has been trying to disrupt the real-estate-selling business for years, but here it seems like he is giving up on replacing realtors and is acknowledging the American tradition: This type of “classic” residential home ownership is likely not dying. 65% of families...
The NSDCC September sales are right at 100 with a week to go (last year's count was 283), so this month's final count should get up to about half of last year's. Those hoping for a crushing decline in coastal pricing have to be disappointed so far: By this time...
Thanks to JBREC for the chart, and article! https://www.realestateconsulting.com/speedy-escape-from-housing-market-slump-unlikely/ An excerpt: In the mid-1990s when 30-year fixed mortgage rates climbed over 9%, ARM usage jumped to 35% of all mortgages. In 1999-2000 as...
This blog started on September 24, 2005. It was a Saturday morning, and literally I thought I better get into this blogging thing before every other realtor started doing it. This was my first blog post that talked about 20% to 25% appreciation per year:...
