The San Diego housing market is a popular choice for those who are leaving the Bay Area (population of 6,404,512 in the five counties). It's looks like more are coming - a report from sfgate: Joint Venture Silicon Valley, in partnership with the Bay Area News Group,...
Yesterday, Derrick discussed the macro-economic forces that will affect real estate for years to come:
Last month, we heard from an architect on how bad the ADU permit process had been in San Diego. Now here's a report from our good friends at the PLF: https://pacificlegal.org/still-no-place-to-live/ An excerpt: Pacific Legal Foundation obtained public records from San...
Shiller has been too conservative on his predictions because he's an ivory-tower guy. If he were to talk to potential home sellers, he'd find that there aren't many - if any - who have to move so badly that they would sell for "substantially lower" prices. The next...
Mortgage rates have settled down nicely, and are back in the high-2s for those home buyers who don't mind paying a half-point or so (those quoted above are with zero points paid). Not sure that it matters. Not sure that anything matters any more. I had a great...
An excerpt from Zillow's seller survey: With the rollout of vaccines against COVID-19, 70% of homeowners in a recent Zillow survey say they would feel mostly or completely comfortable moving to a new home when vaccines are widely distributed — and 78% of homeowners...
These are eye-popping numbers for all of north county - thanks Jerry Ryan! Percentage of List Price Received Median Sales Price with Year-Over-Year Change The latest month-over-month change in median SP was 6%!
Hat tip to Ryan for his excellent job documenting the real estate frenzy underway in the Sacramento area: http://sacramentoappraisalblog.com/ Susie says the Boise market is on fire, Noodle said that every house in North Phoenix sells in 3-4 days, home prices in Austin...
I love hearing from new readers! Hi Jim, I have recently stumbled upon your blog and find it very interesting as I am an appraiser in San Diego. I wonder if anyone has considered that the low inventory levels are in part because home prices are going up so fast why...
No surprise here, given what we see in the market today. But interesting that 2021 is off to 2x the start we had last year - which was pre-covid! New listings are down 20% to 25% while twice as many people are looking! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
