Here's a snapshot from C.A.R. of the current rules with tenants and landlords: More can be found at the state's website here: https://housing.ca.gov/
Covid-19 Tenant Eviction Moratorium
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2021
When Will the Frenzy End?
Let's call it the Big Confluence: Covid concerns keep diminishing over the next few months. More sellers feel safe to put their home on the market. More sellers find a way to hurry up and get their home on the market. Buyer skepticism rises. Agents get too cocky....
Working-From-Home Buyers
Those with good-paying jobs who've discovered the benefits of working from home are the ones who are most-likely fueling the ferocious demand - especially in what's now the $1,000,000-$2,000,000 starter-home range between La Jolla and Carlsbad (can't believe that I...
Number of Offers
To provide some transparency on the deal-making on the street, here's a review of properties that have gone pending this week. I didn't intend to make a blog post out of it, but I had inquired about the availability of these listings, and for my own knowledge I like...
Payment Adjusted for Rate & Inflation
Thanks to just some guy' for sending in this article comparing prices, rates, and inflation: https://awealthofcommonsense.com/2021/03/what-if-housing-prices-arent-as-high-as-they-appear/ It's a feel-good idea that inflation and lower rates can ease the pain of...
Perma-Squatters
Thanks to the many folks who sent in this article about a seller who stayed in his house after escrow closed. In this raging market, it is customary for listing agents to suggest seller rentbacks as one of the sweeteners to get an offer accepted, and will deliver a...
SD North County, February
These are eye-popping numbers for all of north county - thanks Jerry Ryan! Percentage of List Price Received Median Sales Price with Year-Over-Year Change The latest month-over-month change in median SP was 6%!
Backlog Forming?
Hat tip to Ryan for his excellent job documenting the real estate frenzy underway in the Sacramento area: http://sacramentoappraisalblog.com/ Susie says the Boise market is on fire, Noodle said that every house in North Phoenix sells in 3-4 days, home prices in Austin...
Daring You To Buy
In the last couple of weeks, you may have seen prices on new listings reflecting today's exuberance. Homes that are priced attractively will generate the crowds, and likely get bid up over list. Others are listed for a price that raises an eyebrow. In areas where...
Tinge of Nic
I'll probably see two properties around the flight path all year - might as well show them back-to-back:
