We can probably say that affluent people are coming, and those who are priced out, or cashing out, are leaving. There were 31,354 houses and condos sold in San Diego County in the last 12 months, so those migrating are only part of our real estate market. Millennials...
How about a regular 1,408sf Clairemont house built in 1968? Add a little pizazz, and they come running - this sold for $710,000, or $45,000 over list:
Landlords and support animals - what a topic! Staff in public transportation companies and housing rental offices are increasingly finding themselves challenged to sort through which types of service or support animals must be allowed by law. According to these...
More homes are for sale this year, which is helping to keep a cap on pricing. The rent increases are subsiding too - San Diego has cooled off more than any other major metro area dropping from 4% to 2% this year (see above). Less pressure on buyers means sellers...
This is what you get at the low-end of the price curve for Carlsbad detached homes in the Encinitas school district - a 3br/2ba, 1,453sf home. It closed for $750,000, which was $5,000 over list for a detached condo:
Another example of someone getting caught while exploiting a loophole, who then tries to use discrimination as their lever: [button link="https://www.bloomberg.com/news/articles/2019-04-22/trump-s-housing-agency-cracks-down-on-no-money-down-home-loans"...
The C.A.R. sent out this paper that reviews the current housing dilemma, which boils down to having to improve zoning regulations to facilitate more/better infill projects because the more-mature cities are out of land for the most part. She also included this:...
The N.A.R. reported today that pendings dropped 1% month-over-month, but as been the case lately, Yunnie is broadcasting the least-alarming data. In the graphic above, you can see that the year-over-year drops were much larger - particularly in the west. In this...
Sellers - get on the market!!!!! Mortgage rates moved lower for the 6th straight day, bringing them very close to the best levels since late 2017. Perhaps more impressive (or telling) is the fact that rates haven't even had a single "bad day" since March...
As boomers grow older, it's inevitable that their housing transitions will affect the real estate market. But it seems spread out enough that the impact will be digested....at least at some price. There will probably be times when a few old homesteads in the same...
