The need to pay over the list price has diminished a bit, but about a third of buyers who closed last month still felt like it was worth paying more than the sellers were asking. Last month looked a lot like June, 2022! There were 24% fewer sales however, and that...
The Chamber of Commerce is loving this: If Soto re-signs because of his neighbors bringing him homegrown grapes, give them lifetime season tickets. pic.twitter.com/CW24Clu6FR— Michael Shin (@MichaelUCSD) July 10, 2023
This article gets into the usual topics for those trying to forecast the future: https://www.investopedia.com/what-housing-experts-anticipate-for-the-last-half-of-2023-7555067 Their experts think that mortgage rates will ease for the rest of the year, which will cause...
My guys have done three of these - but I think you should move instead!
The number of pendings surged with the largest weekly gain of the year - 48 detached-home sales between La Jolla and Carlsbad opened escrow since last Monday! This year's previous weekly high was 39. There should be another 2-3 weeks of heightened activity as buyers...
When I listed 2949 Avenida Castana on March 31st, it was the only house for sale in La Costa Valley. Well, besides this one, which we thought would never sell while priced at $2,400,000 (the model-match comp had just closed under list at $2,175,000 on March 27th). We...
The experts say that the majority of homeowners are locked into their homes by their low mortgage rate, and if/when today's high rates come down, then the inventory of homes for sale will bounce back. Boy, are they going to be disappointed. For the last 10-12 years,...
From realtor.com: To find the most affordable beach towns for homebuyers in 2023, we started by using a federal listing of beaches and their locations. We aggregated Realtor.com listing data for every home put on the market in the past year located within a one-mile...
Powell's goal was to crush the real estate market..... In June 2022, Powell told reporters that spiked mortgage rates would help to "reset" the U.S. housing market, and that "we need to get back to a place where supply and demand are back together and where inflation...
How did the local home prices go up 40% in two years? The low rates helped buyers lose their minds, but it was more attributable to how we price homes. When there was a sale that was 10% or more above comps, it became the new standard - and made the next seller so...
