Hat tip to Auntie Agent for sending this along, from the latimes.com: The newest problem for the slowly improving housing market isn't a shortage of serious buyers, it's a shortage of good homes. Would-be buyers are packing open houses and scrambling to make offers on...
A reader who stopped by yesterday noted how the shortage of inventory is not just a San Diego problem - the phenomenon is happening across the country. He suggested that it is more than just a seasonal change in local real estate markets, instead that it is a...
Come by Booth 33 at the Fiesta Del Sol in downtown Solana Beach this weekend - I will be there 9-5pm handing out t-shirts (plenty of XL and 2XL), coffee mugs, pens, and running the Baseball Challenge! We had a great time last year talking real estate in person with...
Reader JRB left this comment: Jim – with inventory this tight and plenty of buyers, wouldn’t you expect prices to start going up? Do you think more stringent appraisals are keeping a lid on prices? The other day I said that I thought the pricing trend for detached...
The gimmick known as 'value-range pricing' got it's American start here in San Diego years ago. It's when a listing agent and seller decide to offer the house with a price range, saying, "sellers will entertain offers between $999,000 and $1,100,000". Range-pricing...
Reader RJ from CT pointed out this post by Chris, and he wondered the same: http://christopherfountain.wordpress.com/2012/05/17/fools-rushing-in-or-a-genuine-market-recovery/ How can there be a real estate revival when the State of California has $875 Billion in debt...
Thanks to booty juice for sending this in from bloomberg.com: A week after Christine Lynch listed her house in the Brentwood neighborhood of Los Angeles for $3.625 million, she had seven offers. Within 10 days, a deal was reached for the five-bedroom, six-bathroom...
The San Diego Monthly Report, authored by Rick Campbell, is in the right column >>>>>> Here is the latest version: Low inventory and high demand are pushing the real estate market in San Diego County off the bottom, slowly. Multiple offers on the...
The shortage of inventory during the prime selling season is astonishing - we haven't had a spring like this in recent history. Compare the new listings of detached homes in the North SD County Coastal area (Carlsbad to La Jolla) that hit the MLS between April 1st and...
Another skim of the usual myths to justify whether people should buy a home now:
