I inputted my new listing around 10:00am this morning.....and I was showing it by 1:15. We had FIVE showings today, and have SEVEN scheduled for tomorrow. And it's December! https://www.compass.com/listing/7168-sitio-corazon-carlsbad-ca-92009/664477436107162137/ Plus...
The 15% increase from the last peak 15 years ago doesn't seem bad, though both were bubblelicious thanks to stimulus (exotic financing then and ultra-low rates today). https://wolfstreet.com/2020/11/24/the-most-splendid-housing-bubbles-in-america-november-update/ The...
I agree that homes selling quicker - evidenced by the lower market times - means crazy price increases. Sellers can get away with pricing their home at 5% to 10% above comps and buyers still come running. How crazy is it? More than half of our sales are finding their...
What a difference compared to the second half of 2019: San Diego Non-Seasonally-Adjusted CSI changes: Observation Month SD CSI M-o-M chg Y-o-Y chg January ’19 251.30 -0.2% +1.3% Feb 253.69 +0.9% +1.1% Mar 256.40 +1.1% +1.2% Apr 257.63 +0.5% +0.8% May 260.08 +1.0%...
Health, unemployment, stairs, taxes, finances, politics.......selling your home is becoming the answer for everything! More than 2.5 million American homeowners have stopped paying their mortgages, taking advantage of penalty-free forbearance periods offered by...
For the third straight month the level of builder confidence in the new home market set a record high. The National Association of Home Builders (NAHB) said the Housing Market Index (HMI) it co-sponsors with Wells Fargo soared 5 points in November to 90. This is the...
San Diego didn't make the NAR list of vacation-home areas (counties where 20% of the housing stock is for seasonal use), but our market should be enjoying some additional second-home purchases: Vacation home sales are outperforming total existing-home sales. Sales of...
I thought that Prop 19 would get lumped together with Prop 15 and cause voters to consider them both to be a change/threat to the original Prop-13. Though Prop 15 is losing, it appears that Prop 19 has passed: California Proposition 19 (100% reporting) YES: 51.5% NO:...
In April, I thought we would see a big cooldown in October fueled by uncertainty leading into Election Day. Instead, we had the most NSDCC closings as we've had in any month this year (374 so far), and we have almost as many pending listings as active (541/470)! The...
Zillow's estimates of appreciation over the next year: Carmel Valley, 92130: +7.2% NW Carlsbad, 92008: +7.7% SE Carlsbad, 92009: +7.2% Encinitas, 92024: +7.2% Del Mar, 92014: +6.9% La Jolla, 92037: +7.2% Rancho Santa Fe, 92067: +6.9% Santaluz/4S/Del Sur, 92127: +7.1%...
