When the public sees a story like this, they think that all is good, and getting better, from the U-T: San Diego County had fewer mortgage defaults and foreclosures in the second quarter than it has had in the past three years, according to a report released today by...
Nick at the Wall Street Journal has captured the current market conditions, and adds some anecdotal evidence to the The Big Cancellation coming later when sellers give up, rather than lower their price - here's an excerpt: Reports should show that completed...
Here is the inventory trend of detached and attached active listings in San Diego County, with the counts taken in the middle of each month. Look at how the inventory was flying off the shelf in Spring, 2009, and has been relatively low since...well, at least until a...
A big hurdle for long-time owners of investment real estate is paying the capital-gains tax - people don't like writing big checks to the IRS! But if you are thinking of selling a rental property, here's a reminder that next year it'll be worse. From latimes.com:...
Lately I've been using the inventory numbers from housingtracker.net. Today Schahrzad quietly pointed out that the actual inventory count is different everywhere you look. Here's how the San Diego Inventory is being reported: Zip Realty is showing 12,691 homes for...
Shiller starts at 1:45 of this video, and lays out two historical examples to counter the 2% to 3% improvements predicted by most professional forecasters: Let's look at the most recent stats for North SD County Coastal detached homes, under $800,000: Status # of $/sf...
The first half of 2010 is wrapping up in two weeks, how have we been doing? Here are detached stats for North SD County Coastal region (Carlsbad to Carmel Valley): 2009 (Jan 1 to June 15) vs. 2010 Y-T-D Year #Sales Average SP Avg. $/sf SP:LP DOM 2009 706 $1,062,990...
An excerpt from the WSJ: But Diane Saatchi, senior vice president at Saunders & Associates, a real-estate firm in Bridgehampton, N.Y., says downsizing nowadays "costs more than people have in mind." In her area, she says, total transaction costs easily exceed 10%...
It was noted by Eric in the NCT that sales have been dropping for seven straight months, and clearfund suggested that we examine it further. Above we have the graph of the 25th, 50th, and 75th percentiles of asking prices in San Diego County (from...
