Here are the statistics from North SD County's Coastal region (La Jolla to Carlsbad), comparing house sales closed between June 1st and August 31. In some areas, the summer of 2007 was just as hot as the previous year, but for the majority, the highest average...
The UT polled their experts on the topic of all-cash sales. Most opined that it is investors who are screwing up the market, and international buyers taking advantage of exchange rates:...
The media has begun its assault on the weakening real estate market, but is it weak? Not really, at least not around here. Over the last nine years, NSDCC detached-home sales have averaged 223 closings per month, and up until last year, there was only one month that...
Mortgage rates jumped into the mid-4% at the end of June, and most of us thought that would put a damper on sales by the end of summer. Buyers who had locked their rate for 30 days were able to close in July. By August, you'd think that we'd be seeing some evidence...
Last month's stats look great compared to previous July sales, but there was quite a drop-off from June (and July had two more business days!) Month/Year # of Sales Avg $/sf Avg DOM July '09 237 $387/sf 74 July '10 223 $361/sf 63 July '11 231 $372/sf 78 July '12 258...
It sounds incredible - even though average pricing is 20% HIGHER now than this time a year ago, there were 4% MORE sales between June 1 and July 22 (mortgage rates were about the same in both periods): NSDCC Detached Sales, June 1 - July 22 Year # of Sales Avg. $/sf...
Fannie Mae's new requirement that all HAFA short sales to be active on the MLS for at least five days amounts to shutting the barn door after the horses have escaped: On or after August 1, 2013, all properties being considered for a standard short sale/HAFA II must be...
This video gets a little geeky but if you wanted to see more San Diego stats plus a good explanation of the zestimate from Zillow's economist, check it out here (they update the zestimate on every property in America three times a week!): US Zillow Home Value IndexUS...
You can see why the frenzy took off last summer - it was the perfect combination of low inventory, prices, and rates: Year New Listings May 1 - July 15 Avg LP $/sf Avg 30Y Rate, Mid-July 2009 1,207 $511/sf 5.14% 2010 1,322 $506/sf 4.56% 2011 1,277 $445/sf 4.51% 2012...
Yesterday this joker was talking his book on cnbc.com, and said: We're in a 3, 4, or 5-year recovery They expect no impact on sales from the recent rate bump, Inventory is 5.2, going to 6.0 next year (normal), and NAR thinks home prices will go up 9% to 10% the rest...
