The C.A.R. is forecasting +0.8% in sales, and +2.5% in median sales price for 2020, which is about as safe as it gets. Here is a comparison of how their forecasts have compared to the actual numbers recently: Category 2018 Forecast 2018 Actual 2019 Forecast 2019...
I noted on Instagram today that a couple of new listings in Carlsbad went pending before they got to broker preview today. While the sales and pricing statistics may look flat, sellers shouldn't give up on selling when rates are still in the 3s. These are the...
Yesterday, Yunnie said that he sees no sign of buyer optimism fading, to which I said 'just wait for the Case-Shiller Index (which should be the strongest of the year)'. CNBC posted the click bait above, which is shocking because they are usually so negative about...
Thinking about it, and actually moving are two different things, however. Around here, the annual turnover rate is 5% or less in most neighborhoods. Unless big changes are ahead?
I describe the strategy for sellers here, because buyers need to be on alert 12 months out of the year. Why? Because you only care about buying the right house at the right price - which isn't affected by the general market conditions. You are looking for the one-off.
Word on the street is that there are 11 offers on this new listing in Leucadia, and it's up to $1,200,000: https://www.zillow.com/homedetails/460-Parkwood-Ln-Encinitas-CA-92024/16709568_zpid/ It goes to show you that you don't have to worry about under-pricing a...
One of the main reasons to set up shop at the La Costa Resort is to help support our efforts in the area. When my current listing on Segovia came on the market, we were the only house for sale in the area. But since then, TEN other similar - older one-story - homes...
Rich has done a fantastic summary on the San Diego real estate bubble - read more here: https://www.piggington.com/shambling_tiny_halting_step_towards_affordability
If Ivy said it, it must be so! P.S. 10-yr bond yield down to 1.54%: While Wall Street panics about falling rates, Main Street is benefiting, especially in the housing market, according to housing guru Ivy Zelman. She says every quarter-point cut in mortgage rates is...
Though there has been a lot of noise and commotion in the real estate business lately, our local market has been relatively solid, given how unaffordable homes are for the masses: NSDCC Between June 1 - July 31 Year Number of Listings Number of Closings...
