Appraisers in Southern California get together and evaluate the same 300 homes every six months - here's how their values compare to those of CoreLogic (San Diego has the closest gap): LINK An excerpt: Elsewhere in the region, here’s how the battle-of-the-index gaps...
The N.A.R. Annual Conference is wrapping up this weekend. Yunnie revealed the N.A.R. Forecast for next year: Existing-home sales will finish 2017 at a pace of 5.47 million, the best volume in 11 years, but only a scant 0.4 percent higher than last year’s 5.45...
From the C.A.R. press release: “While it’s encouraging that statewide home sales improved both monthly and annually, the year-over-year sales rate is losing steam, reflecting the persistent shortage of homes for sale and an easing of concern over a surge in mortgage...
Reader hema-mendo wondered about the mega-gap between the NSDCC median list price, and median sales price for the last 30 days: I don’t get it. Why is the spread so wide? It is a bit alarming to see more than a million-dollar gap between the two: NSDCC median list...
Good to see the California crash of the early 1990s get a mention here. It was a hum-dinger for its time - but they note below that the full recovery only took eight years too. http://www.mortgagenewsdaily.com/10122017_home_prices.asp With home prices nearly back to...
LOS ANGELES (Sept. 26) – Even with a strong performance in August closed escrow sales, California pending home sales stalled for the second consecutive month, which suggests a softening in the housing market in the upcoming months, the CALIFORNIA ASSOCIATION OF...
Here’s the preliminary data for detached-home sales between La Jolla and Carlsbad last month: Year # of Sales Avg. $$/sf Median SP Avg DOM 2012 289 $373/sf $780,000 70 2013 263 $470/sf $1,110,000 52 2014 236 $480/sf $1,091,000 49 2015 251 $472/sf $1,059,000 48 2016...
Let's examine Rich's other charts to see how divergent our San Diego market has been lately, comparing to the last three years. In spite of much-higher pricing, the raw number of homes for sale has crossed under the paltry few we had during the Frenzy of 2013,...
The C.A.R. released the latest sales data for August, including the graph above. The sales-price-to-list-price ratio has been dipping in the off-season lately, and we can probably expect that streak to continue this year! Buyers expect to have more negotiating power,...
From the monthly survey of local agents - we are catching our breath: Barclays_August_AGENT_Survey_9-11-2017.pdf
