We're at the stage where everything sounds like good news for housing - after being pummeled for years with bad news, it is a welcome relief for the casual observer. But it is mostly feel-good emotions, without much detail on how it will play out. A snippet from the...
Myself and others have had thoughts and observations about the new year, and what is happening around town. Here are a few: 1. Prices are moving much faster than normal. 2. Prices would have dropped much faster, and bottomed earlier, without government...
For golf legend Phil Mickelson, the low 60s makes for a great score on the links — and a lousy tax rate in his home state of California. Mickelson said “drastic changes” are ahead for him due to federal and California state tax increases that have pushed his tax rate...
The median asking price for homes in San Diego peaked in June 2006 at $539,225 and is now $147,225 (27.3%) lower. From a low of $336,250 in March 2012, the median asking price in San Diego has increased by $55,750 (16.6%). This graph from HousingTracker shows the...
Once we get past the Super Bowl, home buyers will be out in force, resuming their hunt for a new home and hungry for a deal. Boy, are they going to be surprised. Not only is the active inventory as tight as ever, the new listings are dribbling out, compared to...
Most experts predict a modest price recovery in the Southern California housing market during 2013. Not Bruce Norris. The Inland Empire investor says get ready for a 20 percent price spike by this time next year. It's a bold prediction, but worth listening to because...
Let's review the pricing expectations for 2013, and how this thing works. Every seller wants more than the last guy, and buyers are willing to pay the same as the last guy. The Compromise Buyers and sellers agree to a price that's a little higher than the last guy....
This graph shows how sales exploded last year, right about the time that buyers realized that they could get a mortgage rate in the 3s: Rates had been dropping over the previous three years, but sales were uniform - strong during the six-month selling season, and...
It's early, but the first indications of new inventory aren't promising for those who have been hoping that the flood gates might open. Here are the number of new listings of detached-homes in SD County for Jan. 1-5: Year # of New Listings 2011 591 2012 549 2013 431...
Lily asked, "Are prices accelerating too quickly, leading to another possible housing bubble?" Her panel of experts answered here: http://www.utsandiego.com/news/2012/dec/29/are-home-prices-accelerating-too-quickly/ They don't have enough room, apparently, to include...
