The mainstream media is taking their shots at explaining the current market. Here is the attempt by the NYT - link should be unlocked: [button...
Rates & Home Prices
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Market Buzz
Two-Year Appreciation Rankings
Sure all the California-feeder towns have risen 40% to 50%, but look at those price points! You don't see any other city on this list with home prices as high as ours. Of all the areas in the country, San Diego has to be one of the best places to live - and the...
Bay Area Exodus
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,...
Housing Demand To Continue
Yesterday, Derrick discussed the macro-economic forces that will affect real estate for years to come:
ADU Approval Process Is Deplorable
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 – “Wild West”
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...
Rates Are Lower
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...
Home Seller Survey
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...
SD North County, February
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%!
Backlog Forming?
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...
