A couple of comments were left yesterday regarding the financial stress among Carmel Valley homeowners - people who are under-employed and burning through 401k accounts to survive. How many homeowners are stressing in 92130? The data isn't readily available, so you...
The original thought behind examining the size of down payments was to get a feel for the buyers' intentions - figuring that if they put down a healthy chunk of change, that they probably planned to live there long-term. But it also helps illustrate who is buying -...
From Nick at the wsj.com: Banking regulators are pushing for mortgage-lending rules that require homeowners to make minimum 20% down payments on loans classified as lower-risk, according to people familiar with the matter. The proposal is being floated as a way to...
From the latimes.com: Cash talks. And it's speaking loudly in California real estate these days, even in the nicest parts of town. All-cash buyers grabbed a record 30.9% share of the Golden State's houses and condos in January as low prices lured investors and others,...
From the WSJ via Calculated Risk - an excerpt on cash buyers: Residential real estate has been slower to bounce back than stocks, but the presence of apparent bargains is luring in newly confident buyers. Richard Stoker, a retired sales executive, recently plunked...
It gets mentioned regularly how the demographics don't support the housing prices around here. It makes you wonder, how can so many expensive homes keep selling when the San Diego median income is around $60,000 - doesn't something have to give? We've seen it...
More review of the 101 SFR sales between June 1st and August 17, 2010, in 92130. These are from the tax rolls, and include new-home sales, FSBOs, and deals not on the MLS: 1. There were 28 of the 101 that sold for less than they paid, at an average drop of 12%. 2....
The Spring Kick statistics for North SD County's Coastal region are likely to be tepid, at best, over the next few months, just because of the low inventory - the quality buys are hard to come by. But if there was an area that could continue to beat the odds, it's...
The type and method of financing should indicate something about the buyers' intentions - if they are putting down a boatload of money, they're probably planning to stay a while. As we've seen all year, the big down payments are the preference in North SD County...
