Above is a graph of the San Diego Case-Shiller Index for the last ten years. How much higher can it go? 1. The highest reading was 251.71 in March, 2006. After that, the index dropped 42% in three years, bottoming at 145.70 in April, 2009. We have gotten about 61%...
Statistically, our local market is holding up. Average and median pricing will bounce around, but the number of August sales was decent. The year-over-year sales increased on the lower end, but the total month-over-month decline was sharper this year. Last year the...
The OC Register is reporting that million-dollar sales in Orange County are down 12% this mid-summer. We're watching the sales counts closely, because we know that is the leading indicator for the market. How about our north county coastal region? The OCR only looked...
Let's describe the frenzy era.....so far: 2012: Rev the engines, we have liftoff. 2013, first half: Full tilt boogie, prices going up as fast as they can. 2013, second half: Mortgage rates rise 0.75% to snuff out price rally. 2014: Normalizing. 2015: Rates dip under...
My thoughts on interpreting last month's sales count, and the future:
Last month's sales blew the doors off - more sales at higher prices! But notice how pricing has been leveling off: July Detached-Home Sales between La Jolla and Carlsbad Year # of Sales Avg. $/sf Median SP Avg. DOM Avg. SF 2012 258 $365/sf $850,000 76 2,902sf 2013 297...
I tweeted this last week but Nick re-tweeted today so it must be pertinent to something. Note his comment section too: http://blogs.wsj.com/economics/2015/07/28/are-home-prices-again-breaking-records-not-really/ An excerpt: Median prices of new homes have hit...
This summer's 3-mo moving averages look quite different from last year. In 2014, the list-pricing started to falter as summer approached, and stumbled along until this spring. But since then, we've been on a tear! How can it be explained? The lower-end buyers are...
http://www.nytimes.com/2015/07/23/technology/qualcomm-earnings-q3.html The Qualcomm press release today: http://247wallst.com/technology-3/2015/07/22/qualcomm-to-fire-15-of-staff-after-cutting-outlook-adding-directors/ An excerpt: The company expects to fire about 15%...
Lots of happy talk today about the highest sales pace in eight years, and the highest U. S. median price of all-time. Somehow they left out the credit-is-too-tight mantra this week?...
