A sampling of recent home sales, while rolling down the highway...
SD Market Conditions
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Thinking of Selling?
“Housing Is Dead”
From Yahoo! Finance: Five years after the housing market peaked, conditions are not improving in most areas. The latest data shows housing prices are still down and housing sales are sluggish. New home sales hit a record low in February and the S&P/Case-Shiller...
San Diego Underwaters
From sddt.com (SDCo. homes that have no mortgage = 20%): Nearly one in three mortgage holders in San Diego owe more than the value of their home, according to a CoreLogic report. Of residential properties with a mortgage in San Diego County, 29.2 percent, or 173,139,...
Spring Kick
Here is the average LP/SP $-per-sf of detached properties sold in North SD County Coastal: Period LP $/sf SP $/sf 2010 $402 $380 4Q10 $411 $381 Jan/Feb'11 $392 $370 But the recent action has been startling - last week the average LP-per-sf of the 52 pendings was...
This Year’s Housing Tax Credit
The summary of the Fannie/Freddie report from wsj.com: The paper proposes gradual increases in minimum down payments so that Fannie and Freddie buy loans with a minimum 10% down payment. Currently, borrowers can make smaller down payments if they purchase mortgage...
Forum Comments
From Diana at cnbc.com: (S)everal speakers at the forum said several scary things about housing and foreclosures. Mark Zandi of Moody's Economy.com is looking for a hybrid version of Fannie and Freddie, or a mortgage market more privatized but with government backing....
Drywaller Bandit
W.C Varones has insight on the Drywaller Bandit, who was apprehended Thursday: The drywaller bandit has been identified as John Leendert Oskam, a 1989 graduate of Pasadena's John Muir High School. He appears to be the son of Leendert and Carol Oskam of Pasadena....
Ma’s House, Part 2
Here's a youtube follow-up on my mother's house in Concord, CA. Other ingredients: 1. We're offering 3% commission to the buyer's agent. 2. Vacant houses keep the sellers more objective. At least three other agents had brought back their buyers for a second look, but...
The Bulls’ Case
The doomdayers had their run yesterday. But they're just referring to the same facts that have been present for the last couple of years (lots of foreclosures, shadow inventory, unemployment, government intervention, etc.) and declaring that 2011 is the year that...
More Doomsday
Excerpt from Peter Schiff's article seen in the WSJ: How has the market found the strength to stop its descent? No one is making the case that fundamentals have improved. Instead, there is widespread agreement that government intervention stopped the free fall. The...
