When you look at the 2nd half of 2012, you can see that a surge was building - and in 2013 we had one of the biggest frenzies of all-time. The end of 2017 was less enthusiastic - the worst second half since 2014. It makes you think that we might get off to a slower...
Predicting the future is hard. If it weren’t so challenging, we would all be super rich because we could predict winning Powerball numbers. However, some people do take a crack at it — not predicting lottery numbers — but peering into the future to see what kinds of...
Another reason we should sell homes by live auctions.....Hat tip SM: A local developer and prominent real estate agency conspired to prey on Chinese nationals and inflate luxury home prices on the Eastside for their own profit, according to a lawsuit filed in Seattle...
During our recent frenzied market conditions, getting a good price has taken a back seat to winning the bidding war. Our SD Case-Shiller Index reflects it - the trend has been very positive: But the most-recent Case-Shiller reading for San Diego was flat - the steady...
As home prices continue to escalate, the less-affluent folks are considering other options. Will the imbalance catch up with us eventually? If so, when? Hat tip to daytrip for sending this in: LINK An excerpt: Jonas Peterson enjoyed the California lifestyle and...
Shiller is sticking with the irrational exuberance that plays into housing decisions - and I agree: The co-creator of the much-watched S&P/Case-Shiller home price index doesn't think the mortgage interest deduction really matters to the housing market. "It's not...
Reader Tim sent this in: Jim/All – do you have any thoughts on unintended consequences of the tax bills (as constituted)? You think there could be an impact from eliminating interest deduction on equity withdrawals with regard to the cash buyer market? Also wondering...
The Senate's version of the tax reform bill didn't include any changes to the mortgage-interest deduction, which keeps the limit at mortgages under $1,000,000. But the House limit was $500,000, and they still have to reconcile the two versions, so it's not done yet....
I'm not sure how the C.A.R prognosticators can look at these Y-o-Y numbers and still forecast higher sales for next year - unless they think the supply will inflate with thousands of desperate realtors having to sell their own homes? LINK The North County Coastal...
Our friend Rich Toscano has his latest San Diego housing analysis here: https://piggington.com/october_2017_housing_data In spite of record prices, the inventory has been setting recent lows: Yet, sales have been mostly better than every year since the Frenzy of 2013!...
