Another Investor said yesterday: Prices are going up in Phoenix, why wouldn’t they go up in San Diego? No foreclosure inventory, and as you say, buyers are everywhere. When buyers become resigned to paying something closer to the new listing prices or going home...
The old adage, "Buy When Everyone Else Isn't", is a favorite. Currently, the reverse is true - it would be a good time to sell. With ultra-low mortgage rates, buyers are everywhere, looking for deals. But the inventory had dried up - all the good buys are in escrow,...
Here's video testimony regarding market conditions around San Elijo Hills/South Carlsbad. In the 92009, 92011, and 92078 zip codes, there have been 228 houses marked pending this year, not counting contingents (71 of those new pendings have closed already). All that...
I was telling someone over the weekend how the local market has been smoking hot lately - at least for those sellers who list their home for a reasonable price. He responded with a guffaw, and the usual indignation, "That's not what I've been reading". Here are the...
Redfin announced their 3.0 version here. I think Redfin should roll out a new version every year, because they are the only ones doing the talking - it makes the environment more exciting. They come off as innovative and cutting-edge, but it's only because no other...
The second half of this video gets into price reductions during the selling season - the time when sellers run out of excuses for not selling, other than price. You should try to sell before April, and certainly before May, because once we get into late spring, the...
Yesterday CR showed the breakdown of distressed sales year-over-year for different cities here. Let's look at our last six months, the period during which short-sale approvals have sped up, and compare to the previous year. A comparison of NSDCC detached listings sold...
CR's bottom call caused many to scoff, and point to various ivory-tower theories to refute it. This is what he said, which is more of a technical call about home-price indexes: And it now appears we can look for the bottom in prices. My guess is that nominal house...
The November 2011 Case-Shiller Index was released today. Here is the San Diego seasonally-adjusted CSI, compared to two other indicators: Month No. of SD Detached Sales Average $/sf SD Case-Shiller SA Nov. 2010 1,470 $248/sf 159.71 Oct. 2011 1,652 $230/sf 151.66 Nov....
Rich T. noted that in the past there hasn't been a significant relationship between rates and pricing: There's actually very little correlation between interest rates and home valuations, and if anything, homes have tended to get more expensive in rising rate...
