There are more people leaving the San Diego metro area than are moving into the area, and it's incredible to see how both lists have virtually all the same towns. No Nashville, no Florida, and no Carolinas either! It's interesting that no one wants to move to Ventura,...
We are going to hear more about making home ownership more affordable. An op-ed: https://www.cnbc.com/2024/08/20/op-ed-the-case-for-a-40-year-mortgage.html An excerpt: Homeownership has long symbolized the American Dream, embodying stability, wealth creation, and...
This is a real possibility now: Bill Colson, who is preparing to sell his Maryland home next year and purchase a retirement home outside Blue Ridge, Georgia, believes the changes will create more costs. Colson, who is 57 years old and retired from the Navy, said a...
Whenever I have a buyer who loses out on a bidding war, I try to get them right back on the horse. Thankfully, there are several houses sitting around that aren't not selling in the $3 million range, so we made another offer yesterday. First, I went to the open house...
An interesting uptick in the pendings count. It was probably from a few longer negotiations during the wild two-day drop in mortgage rates to around 6%. By the time the Fed gets around to lowering their rate, it will all be priced in and there probably won't be much...
It's going to be tough on the newer agents going forward. The commission lawsuit stuff isn't the big concern. Sales are likely to keep dropping, and at the same time the better agents are picking up market share. There aren't enough sales to go around for every...
On Thursday, we closed escrow on our latest listing in Terramar. Other than the new roof and furnace, the house hasn't been touched in 30 years - and it looked rough. As it has been happening more and more, we only received one offer in spite of the intense interest...
Last month we went to Madrid to see the last of the 62 sold-out shows of the Karol G worldwide tour. On the way back, we stopped in Lisbon for a look around. It has been touted as having weather most similar to San Diego's, and it was true. Through the Golden Visa...
This will probably be the day that the real estate world changes forever. It will end up being the day that more paperwork buried the participants, which we'll get through but it will take a few months before consumers get comfortable with it. I'd like to memorialize...
Compared to last year, there are 25% more sellers not willing to get realistic about the value of their home. It's fine, as long as they don't mind waiting for all the other better buys to clear out - and it might be a loonnnggggg wait. The median days on market for...
