This house first listed for sale on November 1st for $1,650,000, and got all the extras; one Coming Soon, two Holds, four price changes, two Pendings, and finally closed today for $1,397,500. The listing agent gave it a good go, but it just looked like too much work...
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...
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...
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:
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...
Sweeping 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...
Move to Nevada?
I've designated Saturday as my day to feature videos on where to move:
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...
Encinitas Perfection
This had everything going for it - old-spanish, one-story, 1br guest house, and the dream workshop all on an acre-plus in the middle of town:
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...