Month: March 2023

Now What?

There has been plenty of buffer built into mortgage rates lately, so more declines are possible. But a hot CPI tomorrow will give mortgage lenders a great reason to raise their rates in advance of the Fed meeting next week. From MND: Speaking of big things, the bigger...

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Inventory Watch

The 10-year yield has dropped 0.5% since Thursday, which means today's mortgage rates will probably be the low point of the rest of the year. If the CPI comes out hot tomorrow, the mortgage-rate market will shrug off the banking collapse and get back to rising. Call...

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Tiny Fest 2023

I still think that there would be high demand for decent-quality tiny homes around $50,000. Of course, all of these guys have options at $100,000+, but I caught a few lower-priced models today:

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SW Carlsbad Big Ocean View

The minute I saw this address I knew that it would have a big ocean view because I sold one in here before. It turns out, I sold this very home in 2001 for $257,000 when it was all-original (I rep'd the seller then). It has since sold for $461,000 in 2005, $429,000 in...

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Bond Rally

Mortgage rates improving 0.24% in one day is extremely unusual! In a matter of 48 hours, Silicon Valley Bank has gone from being a company that we've never heard about or discussed to the highest profile bank failure since the Great Financial Crisis. Such developments...

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Compass Local Stats

For a company that has been in San Diego for barely five years, Compass has done pretty well. We've been #1 since 2019, and in 2020 the volume was $2.13B with 2,372 units - big improvement since! The agent productivity is around 3-4 annual sales per agent for all...

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