San Diego Case-Shiller Index, April The first few months of 2025 are logging about half the gains as last year. It means next month will be flat at best, and hopefully the rest of the year is the same as last year? “The housing market continued its gradual...
Jim the Realtor
Lower Rates Soon?
The mortgage rates usually drop before the Fed does their cut - then mortgage rates rise. Buy the rumor and sell the news! If we could just get down to 6.5% it would be a relief. https://www.mortgagenewsdaily.com/markets/mortgage-rates-06232025
Inventory Watch
Wow - the stack of unsold listings keeps rising, and now up to 612! Comparing to recent years: 2022: There were 15 weeks when the number of actives was between 400-500. 2023: Only three weeks when the standing inventory was just over 400. 2024: There were 28 weeks...
Compass vs. Zillow
Zillow is scheduled to start their ban this week, but this lawsuit should pause everything. Wouldn't it make sense for the DOJ to step in and voice their opinion right about now to help guide us to the eventual conclusion? Or will they continue to stand by and just...
Selling Parents’ Home
Are you preparing to sell a parent’s home? How should one approach an elderly parent who is reluctant to sell their home? What are the common mistakes people make when trying to sell a parent’s home, and how can they avoid them? Here’s what experts and sellers...
Prescott
We have sent a few people to Prescott and Prescott Valley recently and they have loved it! The 2020 population of Prescott was 45,000 and the elevation is 5,300 ft. so you are out of the searing desert heat and get some snow occasionally....
More on May Sales
Bill is showing a 9.4% decrease in SD May sales, year-over-year. But around the north coastal area, sales have been holding up. The NSDCC sales in May were +7% YoY, and for the first five months, it's +6%! We can live with those! The number of off-market sales (which...
Flat For Awhile
JB is predicting that the local appreciation will be positive for the next few years, though not by much. Zillow thinks the same thing, and if it bounces around in a tight range for the next 3-5 years, it probably won't surprise many. It means there won't be much, if...
Terramar Oceanfront
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Sly Stone, RIP
I know that Brian Wilson died but Sly had a bigger influence on my musical upbringing. Not only was his greatest hits cassette was the first one I ever bought, but later I met Rich Romanello who was their first manager and one of my favorite clients of all time. He...