When selling, it's smart to make your home appear to be pet-friendly! Proximity to good schools has long been a deciding factor for home buyers. An increasing number of house shoppers, however, are looking for schools that specialize in fetching rather than phonics....
Market Conditions
San Diego is #1
Homeowners in San Diego are the least likely sellers in the country to lose money if they put their house on the market, according to a new study. The study, which was conducted by the real estate company Redfin, analyzed real estate data from 50 of the most populous...
Future of the Housing Market
An article published yesterday included some guesses about the future of the real estate market over the next five years. For those who thought it would be the usual expert opinions touting 3% appreciation per year, you won't be disappointed, though Larry did throw in...
Need To Move Out-Of-State
Unless you are among the very affluent, you need to move out-of-state to make it worth selling your home in San Diego. If that looks inevitable, do it while you are younger and can handle the challenge! Start by going through your stuff - your kids don't want it and...
Higher Rates = All-Cash Market?
Could rates get so high that it turns into a cash-only market? It's heading that way. Of the 118 closings this month between La Jolla and Carlsbad, 45% were all-cash, and it's competitive. My buyers made a cash offer that was $101,000 over list on this one and didn't...
140,000 More People Expected
They expect another 200,000 homes to be built in SD County? Where? MCAS Miramar? San Diego officials are expecting an end to the region's perpetual growth. Driving the news: San Diego's population is expected to peak in 2042, and then decline by about 100,000 people...
Dollar Deval
Rob did a great blog post on the real cause of the crazy home-value appreciation: Link to full...
Carmel Valley Estate
The 1+ acre lot was probably what sold this one. Part of a nice flurry of July sales that are inline with the monthly sales counts in March-June. But the median sales price has a month-over-month change of -17%, which will cause the doomers to flip out. But it's only...
More On Home Prices & Appreciation
More plain talk from Steve about home prices and future appreciation rates. He is talking to realtors. What I sent to Steve: Hi Steve, I enjoyed your deep dive today and also put it on my blog where local realtors are known to hang out. You mentioned that you are...
Real Estate – Last 12 Months
My friend Steve did a nice job here comparing the forecasts to the national statistics (he's talking to agents):