From BloombergBusinessweek.com: Mike Imgarten, a 29-year-old civil engineer, encountered a frenzy of demand and a dearth of inventory during a two-month house hunt this spring in Sacramento, Calif. Fearing he’d end up paying too much, he took a break from the search...
The Home Value Index has not only been a pretty good measure of pricing trends, but it has also been a good predictor of the Case-Shiller indices. The next Case-Shiller Index is due out a week from today, and is likely to show more deceleration. The HVI is predicting...
For those who are beating themselves up for not buying a year ago, don't feel too bad - the frenzy exploded. As recently as the third quarter of 2012, the pricing in most areas was still stagnant or trending down. But look at how the number of sales popped in the 3rd...
From our friends at Fidelity Title regarding all property types in SD County. Signs of some slowdown currently but the San Diego market still looks fairly healthy, considering how hot the frenzy was earlier in the year:
Can we get a sense of the early-2014 market by how this year is winding up? We thought mortgage rates dipping back into the 3%-range again would be a boost, and it looked like we were headed that way. Two weeks ago, the 30-year fixed rate was 4.10%. Today's 30-year...
This year we have had a full-fledged frenzy, with both sales and pricing on the rise. Is it still a frenzy if prices increase, but sales drop off? Because the sales counts look like they will be feeling the usual seasonal decline this year, which didn't happen last...
After the 2003-2004 frenzy that lasted about 18 months (sound familar?), the prices leveled off for the next couple of years - until the easy money could support it no more. With (slightly) higher mortgage rates and lagging buyer enthusiasm both helping to temper the...
The market has been red hot, and overdue for a breather. It is still cooking around NSDCC, judging by the big hike in average pricing, but the number of sales dropped 21% from the previous month. Here are the September sales and pricing for NSDCC (La Jolla to...
Speaking of those high-tech internet tools we use to determine value.... This is from the FHA Underwriting Manual of 1936: 307 (2.) It must be noted, too, that sales prices are of varying usefulness and importance according to the rapidity with which price levels of...
The third quarter of 2013 showing remarkable resilience to higher rates and other distractions - both NSDCC sales and average pricing were higher Y-O-Y: 3rd Qtr # of Sales Avg $/sf Avg DOM 2010 653 $374/sf 67 2011 699 $383/sf 78 2012 845 $373/sf 70 2013 854 $439/sf 39...
