The first quarter report! Better than expected, and with rates dropping to 4% and under, the second quarter is shaping up nicely:
NSDCC 1Q
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Sales and Price Check
It’s Really Go Time Now!
Mortgage rates have continued their slide, and lenders should be offering fixed-rate loans with rates starting in the threes again, with little or no points! The new pendings are flowing, but we still haven't seen a flood of new listings: NSDCC Detached-Home Listings...
More Flatsville
Rich is seeing it like we are - pricing has been fairly flat lately. Click here for his full report: https://www.piggington.com/february_2019_housing_data_bit_strengthening
NSDCC Actives/Pendings
It's March! How are we doing? We've considered a 2:1 ratio of active-to-pending listings to be a sign of a healthy market. Though pricing is much higher than in the recent past, we're under 3.0 is all but the highest-end areas: Here are the Actives/Pendings stats for...
January Pendings
Yunnie is getting deep into cheerleader territory now by ignoring the 13th straight decline in the index and woeful 10% year-over-year drop in the west: The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 4.6 percent to...
NSDCC 2019 Sales
Yesterday, the C.A.R. released the statewide January results, with more speculation from our so-called leaders: California home sales fall to lowest level in more than 10 years - Existing, single-family home sales totaled 357,730 in January on a seasonally adjusted...
NSDCC January Sales
The number of houses for sale between La Jolla and Carlsbad is already 20% higher than last year - but we can live with more unsold inventory lying around. If sales can hang close (80% or more) to last year's count, we'll be fine. So far, so good! NSDCC Detached-Home...
Spring Selling Season Starts Now
The Big Game is over, so many will turn their full attention towards moving! We're off to a good start: Mortgage rates are about the same as they were last year, The NSDCC inventory isn't exploding, and The NSDCC Pendings have jumped up 19% in the last two weeks! You...
Slowdown? Not So Fast
Just yesterday we see news that the housing inventory is already way higher than it was last year, and certain doom must be ahead. But we can live with more houses laying around unsold, as long as at least some are selling to help give direction to all. We can...
San Diego Tiered Pricing Graph
No surprise the trend shows the higher the price, the softer the price increases. The lower-end market keeps humming along, while the higher-end market isn't - and the connection between the two is getting fuzzier by the day. With the struggle of moving up or down...
