The February reading of the non-seasonally-adjusted San Diego Case-Shiller index reached a new all-time high! San Diego Non-Seasonally-Adjusted CSI changes: January ’17 231.21 +0.8% +5.7% February 233.31 +0.9% +6.5% March 235.61 +1.0% +6.4% April 237.48 +0.8% +6.6%...
Sellers should pay heed to the mortgage-rate gods......and do a little better on price, just in case. Rates will be pushing 5% before long. From the MND: Mortgage rates moved markedly higher today, officially leaving them at new 4-year highs. The only other time...
The real estate business has been too easy the last few years, and it appears a tougher market is coming, which will help weed out the agents. Unfortunately, downturns don't discriminate - a slower market will cause the retirements of realtors young and old, of...
I saw an interesting presentation yesterday about the demand for housing. They noted that household formation begins later in life, usually when people reach their 30s. In the last downturn, it didn't help that the population growth of those in their early-30s has...
On the 50th anniversary of Martin Luther King Jr.'s assassination, let's feature this article on the upcoming world premiere of Giorgio's documentary film, 'Owned'. The movie evolved over time, and the finished product is all about the racial divide in housing. His...
In the last post, I included a link to April, 2009. Local Boy left this comment there with stats - let's compare to today: “Carlsbad Statistics (Single Family–all 4 zips) I think the sellers in Carlsbad have been doing an excellent job pricing–in the last 3 months,...
Here's an example of how fast the market has been moving: It was only nine years ago when you could buy a decent Carmel Valley starter home in the $600,000s. This 2,056sf house built in 1985 on Santa Nella sold for $678,000 in April, 2009....
What today's home buyers are up against......from realtor.com: Driven by frustrated buyers who rolled over from last year and record-breaking lows in housing inventory, the 2018 spring buying season is expected to be one of the most competitive in years—but buyers are...
Could the supply of homes-for-sale get any tighter? Freddie Mac thinks so: Recently, Freddie Mac published a report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates...
Hat tip to daytrip who sent in this article on housing inventory growth, which appears to be growing nationwide, at least in the higher-end markets: Homebuyers in the U.S. have plenty to grouse about these days. Prices have climbed steeply in many metro areas,...
