It would be natural to assume that sales start dropping off once we get into November. But do they? Not really. November has the most holidays of the year (three) when the county recorder's office is closed. Let's compare the number of NSDCC closings per business...
Market Buzz
Home Buyers Paying Cash
Back in the foreclosure era, cash buyers were everywhere, gobbling up all the deals. Many pundits thought that once the investors pulled out, the market would collapse. But a funny thing happened on the way to the apocalypse. It turns out, buyers love to pay cash!...
Food Marketing
From the wsj.com: Manuela Manetta went to the Seattle Street Food Festival last month thinking about Afghani naan bread and hot dogs. She came home with a new condo. While walking through the festival, the 33-year-old squash coach stumbled upon a booth hosted by the...
‘Soft’ Market
I showed 20-25 properties to buyers over the weekend, which always makes me cringe because I know what will follow - those incessant 'feedback' requests. In a hot market, they come by email - listing agents don't care what you think then, because they know the...
San Diego #6 Hottest in U.S.A.
Housing is sizzling in the last few weeks before the end of summer. According to Realtor.com®, it's the “hottest August in a decade” for real estate. Homes are selling 2 percent more quickly than a year ago and prices are reaching new highs. The median home was listed...
More Boomer
The author calls for a better look at how baby boomers impact the housing market, which is great. Talk to realtors who work the street - we are the ones who have the direct one-on-one contact with buyers and sellers....
Zillow: “Is The Party Over?”
Zillow is the latest to suggest that the 'market' might be slowing. But looking at their own graph, it looks like the monthly percent change begins to decline every year at the end of summer. The second graph also shows that sales are at a new peak - if it fell off a...
SD Middle-Class Housing Crisis
The building industry is selling more new homes, but their focus is on the higher-end markets, and not much is happening for the middle class. KPBS found a guy to whine about it on camera; but it's a free market, and rich people are winning. It's not going to change...
Steel PreFab
In the best way possible, Stanford professor Mark Jacobson‘s new house is like a giant Erector Set, snapped together in less than a week on an irregular, pie-shaped lot near the university. It’s a 3,200 square foot modular home, and the frame is made entirely of...
“The Market Is Not What It Was”
All that matters is what home buyers take away from stories like this. The gist here is the same as what we've been seeing - the unique, well-located properties are holding up, but in areas where there are several regular homes for sale, the first one out wins....