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...
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...
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...
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...
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...
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...
www.sacramentoappraisalblog.com Ryan posted the history of real estate cycles in Sacramento County, so here are the same years for North San Diego County's coastal region for comparison. Human nature tends to flow in the same direction everywhere, and as a result,...
December sales were down 14% year-over-year, and 19% below the average of the last five years: Year # of Sales Median SP Avg. Cost-per-sf Avg. DOM S/BD* 2013 211 $1,075,000 $485/sf 60 10.0 2014 250 $1,052,075 $482/sf 61 11.4 2015 258 $1,094,500 $477/sf 56 11.7 2016...
A pause in the Fed hikes was looking good. First, the WSJ posted an editorial on Sunday - a snippet: If you think your job is tough, consider Federal Reserve Chairman Jerome Powell. He’s signaled for months that the Fed will raise interest rates again this week, but...
The pundits are chiming in on their housing expectations for next year, and the opinions revolve around one topic: Higher mortgage rates are changing things. Here are two experts who don't think the number of sales will change much: “As we look toward 2019, we are...
