Excerpts and graph from the Economist: MANY of the world’s financial and economic woes since 2008 began with the bursting of the biggest bubble in history. Never before had house prices risen so fast, for so long, in so many countries. Yet the bust has been much less...
Thoughts regarding San Diego's detached and attached sales + pricing mix: 1. Elective sellers plan around the seasons. 2. Bank-involved sales aren't as seasonal, and appear to be well-managed. 3. This wasn't the year of the short sale. There were only 5% more...
From www.sddt.com: Sales of San Diego condominiums have emerged as perhaps the market’s lone bright spot. Driven by a confluence of factors, investors and traditional buyers alike have identified value in the submarket, pushing activity beyond its year-ago level while...
Hat tip to Mr. T for sending in this article from money.cnn.com: Last year the economic forecasting firm Fiserv predicted that home values would sink around 5% in 2011, and that prices in three-quarters of the nation's major metro areas would fall. The bad news is,...
Towards the end of this youtube tour, I mention the price ranges around the North SD County Coastal region, and note that there probably won't be much change in 2012. Reasons: 1. The inventory is so thin that there aren't enough comps in either direction to change the...
Every for-sale-by-owner hopes that a magical buyer will come along who appreciates the uniqueness of their special home - and be ready, willing, and able to pay for it. Not sure why the U-T considers this news, and not advertising: The family of the late Nobel Prize...
Hat tip to JS for sending this in, from nbcsandiego.com: The slow housing market has inspired one San Diego restaurant owner to market her Mission Hills property the best way she knows how – with free food. Terryl Gavre's Mission Hills estate has been on the market...
Someone asked, "JtR, why do you keep posting stories about the can-kicking programs being employed by the government?" The answer is because the media and government keep insisting that we can't handle a flood of foreclosures, and that together, they'll do whatever is...
From Nick at the wsj.com: The reeling housing market has come to this: To shore it up, two Senators are preparing to introduce a bipartisan bill Thursday that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S. The provision...
Last week we mentioned the new Redfin feature that exposes the sales counts for each agent: http://www.redfin.com/real-estate-agents/search-scouting-report They have unleashed a treasure trove of information, but, they don't talk about how to use it effectively. ...
