More of the crazy this week - here are examples: The agent reported receiving over 30 offers on this one: https://www.zillow.com/homedetails/5402-Lodi-St-San-Diego-CA-92117/17192144_zpid/ This house went live on the MLS around lunchtime on Thursday, and by Friday...
Can we just draw the line somewhere?
Nobody is giving them away! I think we can agree that list prices today are at or above the all-time highs, yet with demand overwhelming the few listings that are trickling out, buyers are forced to consider going even higher. It's working too: We usually get some...
Two offers that I made on behalf of buyers fell on deaf ears this weekend. The first listing agent pulled the usual stunt - the blackout, where he doesn't answer the phone or communicate in any way until the deal is done. Once he got the winning offer signed, he...
Long-time homeowners who can keep their taxable income lower and pay off their house don't find California that much more expensive (based on how few are moving). Excerpted from this article:...
An excerpt from this article: https://www.usatoday.com/in-depth/money/2021/02/04/homes-sale-we-housing-bubble-prices-outstrip-wages/6671282002/ For Mark Stapp, a real estate professor at Arizona State University, what's going on in the real estate market right now is...
We've had 208 closed SFR sales between La Jolla and Carlsbad this year. How crazy is it? Eighty homes sold over the list price, which is 38% of the total number of sales. Of those, most were just $10,000 to $50,000 over list, but there were some big bombers: Most %...
Historically the market has felt healthy and balanced when we've had a 2:1 ratio of actives vs. pendings. Remember when the Ranch was 10:1 for years? Now look at the market - especially on the lower-end: NSDCC Actives and Pendings Town or Area Zip Code Actives...
Showings are already 20.2% higher than they were during the first week of January, which is double what they were last year. But the NSDCC listings in January are going to be at least 20% fewer, year-over-year. Last January we had 354 NSDCC listings, and today we...
Thanks to KCM for providing this report: According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought...
