Happy April 1st - Trulia got in the April Fools' spirit with this today: http://www.truluvia.com/ But let's keep it real here. C-L expects price increases to continue. From MND: http://www.mortgagenewsdaily.com/04012014_corelogic_hpi.asp Home prices continue to...
Livinincali left this comment Thursday: If history is any guide you’d expect sales volume to start dropping before seeing any movement down on price. The sales volume numbers back in winter of late 2012, 2013 were seasonally higher than they have been and that marked...
It was noted in the media this week that February homes sales were the at the lowest count in 18 months - yes, a frenzy will do that to you! http://www.cnbc.com/id/101511116 Sales are going to be 'sputtery', and struggle to keep up with previous frenzied months when...
The average pricing for February increased 21% since last year, yet remarkably, sales haven't dropped off much - what other industry could be so price insensitive? Year Feb. Sales Avg $/sf Avg DOM 30Y Mortgage Rate 2006 189 $482/sf 64 6.25% 2012 174 $375/sf 92 3.89%...
The Federal Reserve Board has come up with a new way to analyze pricing trends. They are emulating the Case-Shiller Index, but applying it to the list prices of properties marked pending to predict the eventual sales prices:...
Yesterday we saw that the San Diego Case-Shiller Index has been essentially flat since mortgage rates went up at the end of June, 2013. Those higher rates may have tempered the frenzy around the coast too, as sales started dropping off in August. But the average...
Hat tip to daytrip for sending this in from cnbc.com: The sharp rise in home prices in 2013 caused two conflicting results: The return of positive home equity for hundreds of thousands of borrowers and considerably weaker affordability for an equally large pool of...
Whether you look at individual sales or market data, we are back to the highest prices ever seen in the hottest areas of town. I couldn't get these all on one, but looking at two graphs might be easier anyway. Carmel Valley, Encinitas, and Carlsbad are approaching...
Sean at propertyradar.com does a nice monthly report on California real estate sales and pricing - and the latest was published yesterday: http://www.propertyradar.com/reports/real-property-report-california-january-2014 This graph helps illuminate how hot the frenzy...
The Y-T-D sales show the strength of the demand around NSDCC. In spite of mortgage rates AND average pricing both being about 30% higher than this time a year ago, the sales count is hanging with 2013 - and looks similar to the peak era too. NSDCC Sales closed between...
