I removed the 'Foreclosure' and 'Short Sale' buttons at the top of this website. The distressed market around NSDCC appears to be over, and while there will be some stragglers, there won't be any distressed sellers unless, and until, the banks start up the foreclosure...
Our Christmas-dinner conversation last night included a few thoughts about real estate, and reflecting back on the frenzy conditions in spring. The Frenzy of 2013 was slowed somewhat by higher rates & prices. But it doesn't mean it won't kick up again - because...
From bloomberg.com: The number of Americans who owe more on their mortgages than their homes are worth fell at the fastest pace on record in the third quarter as prices rose, a sign supply shortages may ease as more owners are able to sell. The percentage of homes...
We keep hearing that inventory is growing, but what does that mean? In the traditional way that the media reports it, a growing inventory means that there are more active listings of homes for sale. The assumption is made that this is 'good' and 'getting back to...
JtR reporting from the field about market conditions, and trying to justify one more time why we are due for some frenzy slowdown:
Socalbuyer wanted stats on other areas, and I take requests! With our temperate weather, the spring selling season really gets started in January, and kicks up a notch after the Super Bowl - and this year came out blazing. Let's compare the closings in March and April...
The new inventory has been fairly steady here in the middle of the prime selling season. Another 89 new listings since the last reading, and their list prices averaged $526/sf. We had 74 new pendings whose list prices averaged $357/sf, and their median DOM was 16 days...
The active listings of detached homes from La Jolla to Carlsbad: Date NSDCC Listings Avg. LP $$/sf Jan 14 649 $722/sf Feb 4 667 $716/sf Feb 10 679 $713/sf Feb 25 678 $719/sf March 6 727 $703/sf March 11 744 $698/sf The breakdown of those active listings is a tad...
The real estate selling season commences once the Super Bowl holiday weekend is over. What can you expect, and how can you prepare yourself for buying and selling this year? Low inventory - With no foreclosures and very few short-sales around NSDCC, the inventory of...
Tuesday's Case-Shiller report is going to blow the roof off the market: The housing market typically experiences a seasonal slowdown during the winter months, but this year seems to be different, according to the latest Campbell/Inside Mortgage Finance survey. In...
