Fannie interviews 1,000 people every month, and then leaves it up to their ivory-tower guy to explain it to the masses. Here's my conclusion from my own personal survey: buyers are being cautious due to prices going up so fast....
Mortgage rates on Friday dropped back to 3.62% (avg. jumbo was 3.57%!), which should help fuel the final Spring Kick of the selling season. The end of the school year is within sight, and there are lots of lookers. My listing on Monroe in Old Carlsbad was shown...
On top of today's announcement that February pendings were up 3.1%, our local NSDCC market has kicked it up a notch lately. We had 84 new pendings last week, and 81 this week - we averaged 60 per week in February! Click on the link below for the complete NSDCC...
The month of March is wrapping up next week, and we're heading into the Easter/Spring Break period. Local buyers who might take some time off will be offset by the out-of-towners coming in for a look. The market seems very balanced currently, and our 'market health'...
It's remarkable how strong the data is for homes sold around North San Diego's coastal region. Most impressive is the number of sales in spite of higher pricing - there isn't much drop-off! These are houses sold between February 1 - March 15 Year # of Sales Median SP...
The real estate market around Orange County is similar to ours in San Diego, and they are feeling the seasonal surge like we are currently. Mortgage rates under 4% are certainly contributing to the fever - live it up while you can!...
It used to make sense that the higher prices went, the more people would sell. But now here we are at all-time high prices, and not many are interested. It must be due to the lack of other options - not selling looks better than selling. New Detached-Home Listings...
I mentioned on video that my phone has been blowing up the last couple of weeks, and other agents are reporting the same thing. The graduation season is over, and July is only five days away! Are buyers fired up because of USA Soccer? Part of the action may be due to...
A month ago, the 30-year-fixed rate bumped over the 4.50% mark, and we thought that with more Fed-taper looming, we'd be seeing 5% mortgages. Look what's happened since: We've seen how improving rates tend to fuel the frenzy conditions. Now if there were just...
The Spring Selling Season around here traditionally gets started right after the Super Bowl - let's talk about it! On Monday, February 3rd at 8:00pm we will be joined here by Rich Toscano and other local experts to discuss the real estate market! Using Google Hangouts...
