Another indicator that the local market is holding up and sellers aren't desperate - an excerpt: Nahjla Wehbe Dipp, a Pacific Sotheby’s International Realty agent, said buyers seem more receptive to not overpricing their homes than a year ago. She said another reason...
Ty said yesterday, The thing I think you miss most or maybe overlook is how overleveraged the average person is. I do commercial real estate and routinely have access to small business owners financials. Equity rich in their homes but cash poor with credit card debt...
When to Buy A Home in San Diego
So you’ve heard that the market has slowed a bit, and you’re wondering, "Should I sell now, or wait it out?" If you don’t mind keeping your home forever, then fine, the value will probably go up in the long run. But if you’d rather get your hands on your tax-free...
At first glance you would think that the lower mortgage rates of 2019 have made NO difference in the market this year, compared to 2018. But if we didn't have rates in the 3s for most of this year, where would we be? We would have had a lot tougher time getting...
I went to the annual seat shuffle at Petco Park on Tuesday. It's the event where Padres season-ticket holders can see which seats have become available, and possibly switch to a better location. It reminded me of our local real estate market: The best locations are...
Our assistant Brittnie is a licensed realtor, and for months she has been working with a couple in search of the right entry-level home. Buyers at the low-end of every market have had no negotiating power for the last ten years, but some of the softness in our soft...
A positive forecast from our friends at JBREC: Our proprietary model using Google search trends shows a bottoming & re-acceleration in resale and new home sales growth YOY into year end. Lower mortgage rates, better affordability, and an easy comp vs. last year's...
I was talking to Nick yesterday about the current market conditions, and how home sale have been affected by the low mortgage rates recently. You can see in the graph above that over the last five years we've been accustomed to rates in the threes, so it seemed...
For those who didn't see this in our newsletter, here are my guesses on market conditions: A little better than usual for the rest of the year due to low mortgage rates. A little worse than usual next year due to political/election distractions. Would you like to...
