If we charted it carefully, we'd probably find that there are hot streaks around the same time every year:
Late-Summer Rally
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Market Buzz
Four or Five More Years
An excerpt from this article: http://www.latimes.com/business/la-fi-home-prices-20170725-story.html Home prices have now been rising for more than five years, the result of a growing economy, rock-bottom mortgage rates and a shortage of homes on the market....
Mortgage Myths
It looks like we are cycling through all the buyers with big down payments, and giving the less-fortunate folks a chance...
Statewide Community Infrastructure Program
The Statewide Community Infrastructure Program (SCIP) sounds like another name for 30-year Mello-Roos-type bonds whose proceeds are used to pay for things that governments or home builders used to cover.
SD Median Days on Market by Price Range
It's not just the weather that is scorching hot - scroll over the graph for the median number of days on market per price range:
Fed Raises, Mortgage Rates Drop
Rates are under 4.0%, no points! From MND: Mortgage rates fell convincingly today, though not all lenders adjusted rates sheets in proportion to the gains seen in bond markets (which underlie rate movement). Those gains came early, with this morning's economic data...
Subprime is Back
From the wsj.com An excerpt: Lenders say there is an untapped market among borrowers with good credit scores like self-employed workers who don’t have proper income documentation, or for responsibly made loans to borrowers with credit problems that have had...
C.A.R. on Millennials
In the future, will there be affluent millennials that will be ready, willing, and able to pay more than today's prices? Maybe there is comfort knowing that 1/3 of millennials aren't living paycheck to paycheck today?
NSDCC Inventory, First Third of Year
So our NSDCC market is cooking....is the amount of inventory to blame? One-third of 2017 is complete - let's compare it to recent years: New Listings Between January-April Year New Listings, Jan - Apr New Listings in April only 2013 1,822 534 2014 1,746 511 2015 1,747...
Freeze-Dried Frenzy
The market is sizzling, and it could kick up to another level if there were just more homes to sell! Here is a comparison of today's inventory to previous years (the lower-end is selling fast!): NSDCC Active Inventory - Second Week of April Year $0-$800K $800K-$1400K...
