I doubt we'll ever see this again. Even though we've had healthy gains in 2023, the YoY declines makes it look like we're going backwards because the index was rising so quickly last year. Hard to imagine any more MoM gains of 3.8% or 4.6%! April's index is about the...
While the PPP fraud was rampant across the country, the ultra-low mortgage rates and lack of inventory were more to blame for inflating home values recently - at least around here: Anecdotal evidence suggests that many recipients of fraudulent PPP loans used the funds...
The experts say that the majority of homeowners are locked into their homes by their low mortgage rate, and if/when today's high rates come down, then the inventory of homes for sale will bounce back. Boy, are they going to be disappointed. For the last 10-12 years,...
Yoohoo - home sellers? You may want to adjust your price expectations! What does the practically-vertical trend in active listings mean? It means home buyers are getting pickier. They are emboldened when they pass on a house, and then see everyone else passed on it...
We get to see so many unique properties at the coast - I hope I appreciate all of them fully. I'll never forget this one:
From realtor.com: To find the most affordable beach towns for homebuyers in 2023, we started by using a federal listing of beaches and their locations. We aggregated Realtor.com listing data for every home put on the market in the past year located within a one-mile...
A home should be a visual expression of the person who lives there, right? While this may be true most of the time, the advice could change when it comes to selling your house. According to a new study by Zillow, certain paint colors can make your house sell for...
San Diego is the #1 area that homeowners don't want to leave! Don't you get the feeling that we are going to out-perform every other real estate market in America for a long time to come? Today we have 2,293 active listings of attached and detached homes in the county...
Hat tip to listing agent Ben who is always gracious about me doing videos of his properties for sale! This is a custom home built for an Ecke family member as part of the deal when they sold part of their farm, which was then developed into the Encinitas Ranch golf...
Powell's goal was to crush the real estate market..... In June 2022, Powell told reporters that spiked mortgage rates would help to "reset" the U.S. housing market, and that "we need to get back to a place where supply and demand are back together and where inflation...
