The McMansion generation is in downsizing mode. Millions of Americans age 50 and older are looking around their spacious homes and are deciding they don't need all that room anymore. The kids are gone, maybe a spouse, too. And they could really use the money from a...
Are there more, or less 'bank deals' being closed around SD's North County Coastal region? About the same - in fact, last month was exactly the same YOY (32 REO/SS), just a different mix: The overall 30% increase in sales was entirely due to more traditional sellers...
It's hard to resist jumping on the another-bubble bandwagon when you see houses selling for peak prices and higher - and see sales increasing at the same time. It feels like full-tilt boogie! Let's compare the differences between now and the last bubble: Most obvious...
What could slow down rising prices? It depends on the inventory. We've been seeing a late-season surge in sales over the last couple of months, but has that caused more sellers to jump in? Nope, new listings have remained throttled. Here is how this year's combined...
It's the week of Thanksgiving - thanks for being here! On September 27th when the comments went off, I thought we'd lose a third of the audience. Over the last thirty days we've had only 13% fewer unique visitors than during the 30 days prior to September 27th. The...
Yesterday we saw how the number of short-sale listings were dropping off around our north county coastal region, in spite of the expiring relief on debt-tax. In the New Age of Coddling, we have seen the government devise several programs to rescue distressed...
What will happen in our local real estate market in the coming months? The election results give the impression that we can expect more of the same - low rates and mortgage-rescue programs. Our inventory is going to keep its same ultra-low appearance because the good...
Home prices were up 2 percent in the San Diego-Carlsbad-San Marcos market in September 2012 compared to September 2011, according to CoreLogic’s September Home Price Index (HPI) report. Prices, including distressed sales, are up 1 percent compared to August 2012....
A sellers' market appears to be emerging in some areas in California. The California Association of Realtors® (C.A.R.) said Thursday that favorable home prices and record-low interest rates are making the market competitive to the point that nearly six of ten houses...
How is this year going to wrap up? Since springtime, the number of NSDCC detached-home sales have been stronger than the last couple of years, and the average cost-per-sf statistically has been range-bound, even though it feels like prices have been going up slightly....
