From the wsj.com - hat tip to my Uncle Bob for the article! http://www.wsj.com/articles/san-diegos-downtown-gets-the-big-city-treatment-1452178518 An excerpt: A 41-story luxury condo building is on the rise. Boasting a screening room, a swimming pool and a boat-share...
Market Buzz
No More Doom
As a new year begins, there has to be people wondering how much longer the market can stay buoyant. Even with rates staying low, home buying is out of reach for many, if not most San Diego residents, and wages don't seem to be going up much. Is the bubble going to...
Zillow San Diego Forecast 2016
Most national forecasts are predicting a 3% to 4% appreciation rate for 2016, which has to be a safe bet. If it comes in anywhere from -2% to +8%, you can say that you were close. Zillow has enough algorithms that they are willing to make predictions for each local...
No Inventory?
In the video below, the economist reiterates that the inventory is so low that there aren't any houses to buy - that the 'shelves are bare'. It is the view of the casual bystander. This is the new normal - a market for serious participants only. Buyers have to be...
More Crowdfunding
Crowdfunding is getting bigger and more diverse, and it gives an investment vehicle to those who can't - or don't want to - put all their eggs in one basket and buy properties individually. This company opened an eREIT, did an interview with Forbes, and, in one day,...
San Diego #3 Hottest Market
This guy doesn't come off any better than Yunnie, and you get the feeling they both are just talking their book. He doesn't go detail about his rankings, but he has the San Diego-Carlsbad region rated #3 in the Top 10 of the hottest markets in the country! From...
‘New Normal’
Hat tip to CB Mark for sending this in from the nytimes.com - an excerpt: This year, Chinese families represented for the first time the largest group of overseas home buyers in the United States. Big spenders on new homes are helping prop up local economies in the...
Real Estate Tech
Venture capital is pouring into real estate, looking for the next big disruption: http://www.wsj.com/articles/real-estate-techs-two-edged-boom-1445212395 An excerpt: Many real-estate-tech companies that got into the business early hoped to knock out brokers in both...
Live Home Tours
There are new gadgets for real estate coming at us every day, but this one has some promise if it can live-stream without interruptions. From FT: http://journal.firsttuesday.us/tech-corner-reallync-hosts-virtual-home-tours/45666/ Have you ever given a client a tour...
Chinese Buying to Accelerate?
Excerpted from an article in BI: Chang's client is one of the group of wealthy Chinese caught in between a rock and a hard place: Leave their assets in China to potentially weather additional market volatility and yuan devaluations — or put it in real estate that is...