A month ago, the 30-year-fixed rate bumped over the 4.50% mark, and we thought that with more Fed-taper looming, we'd be seeing 5% mortgages. Look what's happened since: We've seen how improving rates tend to fuel the frenzy conditions. Now if there were just...
Our San Diego Case-Shiller Index has officially hit a flat spot. The November, 2013 reading was 194.15, virtually the same as the previous month's 194.07 number. San Diego had the fourth-highest year-over-year total at +18.7%, but the majority of that frenzy-driven...
C.A.R. should call a few more people outside of the Bay Area.... http://www.mortgagenewsdaily.com/01162014_california_real_estate.asp The 2013 C.A.R. Home Seller survey was conducted by telephone with 600 people statewide to measure their perceptions of the home...
Here's an example of how sales momentum can catch fire when a few remodeled homes hit the market about the same time (addresses are links): 1019 Genie 4br/2ba, 1,613sf LP = $749,000 SP = $800,000 closed on 6/7/13 1002 Genie 3br/2ba, 1,550sf LP = $799,000 SP =...
Our Christmas-dinner conversation last night included a few thoughts about real estate, and reflecting back on the frenzy conditions in spring. The Frenzy of 2013 was slowed somewhat by higher rates & prices. But it doesn't mean it won't kick up again - because...
The Fed's taper announcment didn't rile the markets, and so far it seems to be well received. How will impact home sales? Here's what Bill McBride said, "Rates will be low for a long long time ..." As far as the "Appropriate timing of policy firming", the...
Despite a softening market, competition among buyers remained fairly fierce in October, Redfin reported in its Real-Time Bidding Wars release for the month. Last month, 55.9 percent of offers written by the Seattle-based brokerage’s agents faced competition from other...
We're in the holiday season, and it seemed like the frenzy was winding down. The frenzy hit its stride during last year's fourth quarter, yet in 2013 we are keeping it close - there will still be some late reporters here: NSDCC Detached Sales, November 1-20 Year...
The Home Value Index has not only been a pretty good measure of pricing trends, but it has also been a good predictor of the Case-Shiller indices. The next Case-Shiller Index is due out a week from today, and is likely to show more deceleration. The HVI is predicting...
Curbed L.A. on Trulia's bubble analysis (San Diego is +3% overvalued) http://la.curbed.com/archives/2013/11/the_us_isnt_in_a_housing_bubble_but_southern_california_is.php Hey, great news: US housing prices are NOT in a bubble. Oh, except here in Southern California,...
