They send out this survey twice each month - on the 15th and 21st - so these agent comments above were based on their market observations around then. Hopefully they have gotten back to work by now: Town Zip Code New Listings Since April 1st New Pendings Since April...
Psycho-babble
House Hunter Tweets
Thanks to daytrip for sending this in: http://www.buzzfeed.com/pablovaldivia/hilarious-tweets-only-house-hunters-fans-will-understand
Discussing the New Bubble
We are going to hear the word "bubble" applied to the real estate environment for years - and maybe forever. At this link is CNBC's Downer Diana cracking on the market, and on the other side, this developer expresses why he thinks we're not in bubble danger: Watch the...
Mission Accomplished
NAR President Moe Veissi praises new help for struggling homeowners. The Federal Housing Finance Agency on Tuesday announced measures to make “short sales” of underwater homes easier for homeowners, including extending help to people who have financial difficulties...
San Diego Case-Shiller Index, June
From the S&P Dow Jones press release: “The National Composite rose by 6.9% in the second quarter alone, and is up 1.2% from the same quarter of 2011. The 10- and 20-City Composites closely mimic these results; the 10-City was up 5.8% over the quarter and the...
Low Inflation in SD
From GC@sddt: Consumers around San Diego County are probably scratching their heads in response to a new report from the Bureau of Labor Statistics showing the region’s rate of inflation is among the lowest in the nation. The report shows that the Consumer Price...
Heard This Before?
From HW: The Southern California region is facing a another wave of foreclosures with many San Diego borrowers underwater on option ARM and Alt-A loans that are scheduled to reset soon, according to San Diego real estate investment firm Blue Sky Capital. Blue Sky...
“Collective Euphoria”
From HW: The meltdown of the U.S. housing finance system resulted from overly optimistic views on home prices as opposed to a type of gross negligence in the mortgage industry, a new Federal Reserve Bank of Boston report concluded. The report attacks several common...
Do Looks Matter?
Hat tip to SM for sending this along, from BigThink.com: I am trying to sell my house at the moment in a particularly hot local housing market. The market isn’t the only thing that is hot. So is my agent. It turns out that her attractiveness could be very good news in...
Foreign Buyers
An excerpt from an article of dubious quality from the latimes - thanks daytrip! Foreign clients bought $41 billion worth of stateside houses and apartments during the 12-month period that ended in March 2011, according to the latest tally by the National Assn. of...