While we're talking about the median sales price of detached-homes in San Diego County, let's review the last ten years. There usually is some dropoff towards the end of the year: The last frenzy in 2013 saw the median sales price increase 26% between January and...
One factor that will slow down the exodus is the increased difficulty of moving out of state - it's not easy, or cheap, to buy a home outside of California any more. But fewer people leaving will mean less inventory - and could ramp up the frenzy in 2022. The...
Hat tip to GW and AK who sent me an article by Fortune, that references this article: https://www.zillow.com/research/forbearance-exits-inventory-2021-29931/ An excerpt: With expiration of a broad federal foreclosure moratorium on July 31, hundreds of thousands of...
School is back in session and the holidays are right around the corner - it's the time of year that potential home sellers start looking forward to the next selling season, instead of moving in September/October. Are you thinking of waiting until 2022? Here are my...
Why you should Get Good Help! Kim Rohrer was looking forward to leaving the leaky windows in the two-bedroom Berkeley rental duplex that she shared with her husband and two small children. The couple recently found a three-bedroom, two-bathroom chalet-style house in...
On one hand, it looks like the national Case-Shiller Index is up about 40% since the previous peak (above). But after adjusting for inflation, Bill shows how home prices are about the same as before:...
This year, we are ahead of both of the previous years in total sales, in spite of having 14% fewer listings - and prices being 30% to 40% higher! NSDCC Listings & Sales, Jan 1 to Aug 31 Year # of Listings Between Jan 1 - Aug 31 # of Sales S/L % Median SP 2019 3,585...
Our local home prices have been rapidly escalating over the last year. First, we ran out of NSDCC houses for sale under $1,000,000, and today there are only 6 for sale priced under $1,100,000! What are the alternatives for those buyers who want to spend less? Buy a...
This is a repeat of the 2br house featured on my tour a few weeks ago, with the resulting sales price. The agent admitted they priced this 2br house low on purpose to attract a crowd, and it worked. The list price was $699,000, and it sold for $1,100,000 cash....
San Francisco leads the 50 largest U.S. metros in the share of homes sold for 30% over their list price or higher at 7.4%. It’s followed by the hot market of Buffalo, NY, where 6.2% of homes sold for more than 30% over list, and Austin (5.3%). All shares in these...
