A title rep came by the open house yesterday. She said it has been so quiet over the last couple of weeks that she has had people call her cell phone just to make sure it was working! http://www.housingwire.com/articles/37125-pending-home-sales-surge-to-10-year-high...
A pullback in Silicon Valley? It could happen anywhere! http://www.bloomberg.com/news/articles/2016-05-17/silicon-valley-mansions-linger-on-market-in-real-estate-slowdown Excerpts: A custom-built home in the heart of California’s Silicon Valley had its price cut by...
For the vast majority of Americans who just skim the real estate headlines, a quote from Warren Buffett should keep the party rolling. But does he qualify as a cheerleader now that he owns one of the biggest realtor companies? And this photo they used - is that a...
The hustle to move up the housing ladder is something people did when they were younger - and prices cheaper. Those move-ups have gotten you here, and hey, it's not so bad - especially if it means that to replace your home, it costs two or three times more than you...
The crew over at CL came out with their year-end report today, which included their forecast for 2016. They consider the San Diego-Carlsbad metro area to be undervalued.....just like San Francisco and Boston(?). They also expect that prices in our area will rise 7.8%...
Zillow came out with their Hottest Housing Markets of 2016, and San Diego didn't make the list: http://www.zillow.com/blog/hottest-markets-2016-190331/ They based their 'hotness' on a combination of employment, recent income growth, and the expected increase in the...
A forecast of 2% to 3% price appreciation for SD in 2016. From HW: http://www.housingwire.com/articles/35996-is-the-west-coast-about-to-finally-witness-a-slowdown An excerpt: “The West, which has largely outpaced the rest of the nation in terms of growth in the last...
There will still be late-reporters, but let's review the annual NSDCC sales. Year NSDCC Annual Sales Median Sales Price 2012 3,154 $830,000 2013 3,218 $952,250 2014 2,849 $1,025,000 2015 3,011 $1,095,000 What can we expect for sales this year? Rates have dropped back...
This year will be over in hours! How did we do? The San Diego Case-Shiller Index is 6.2% higher than it was 12 months ago (October to October readings), which beats just about everyone's expectations. But the tony north-coastal region (La Jolla to Carlsbad) had...
Most national forecasts are predicting a 3% to 4% appreciation rate for 2016, which has to be a safe bet. If it comes in anywhere from -2% to +8%, you can say that you were close. Zillow has enough algorithms that they are willing to make predictions for each local...
