There are a few Zillow issues to unpack here, so let's start with them saying they are willing to buy your house for the amount of the zestimate - which is fine, if you don't care about cashing in on the actual value. In their press release, the boss claims that the...
Thinking of Selling?
Sprucing Up to Sell
Homeowners fixing up their homes to list this spring will have to decide where to put their time and money to get the most bang for their buck. Zillow has been there, and the practical tips and tricks their experts have learned after selling 10,000 homes could help...
How Much Over List?
We've had 208 closed SFR sales between La Jolla and Carlsbad this year. How crazy is it? Eighty homes sold over the list price, which is 38% of the total number of sales. Of those, most were just $10,000 to $50,000 over list, but there were some big bombers: Most %...
2021 Is Off and Running
You won't see the signs of the frenzy everywhere, and probably no signs in the $2,000,000+ market. But anywhere you have one-story houses on culdesacs for under $1,000,000 should be cooking:
‘End of Forbearance To Be A Non-Event’
Health, unemployment, stairs, taxes, finances, politics.......selling your home is becoming the answer for everything! More than 2.5 million American homeowners have stopped paying their mortgages, taking advantage of penalty-free forbearance periods offered by...
Who Is Moving Where?
Ryan was nice enough to provide the latest data (2019) from the U.S. Census Bureau on where Californians are moving, and where our new residents are coming from - at least before the pandemic. The big winners on a net basis: More Californians moved there: Texas: ...
Will Prop 19 Increase Inventory?
The U-T asked their twelve real estate experts about the effects of Prop 19: Q: Will Prop. 19 substantially increase home inventory in California? Of the local experts, 11 out of 12 said NO, and the justification for the one YES answer could have been just as easily...
Wildfire Risk
We featured this website previously, but as more people think about moving to the sticks, let's note the counties with the highest wildfire risk.....I didn't expect VenCo to rank so high! https://climatecheck.com/
Political Exodus
Anyone surprised to hear there are agents soliciting consumers based on their political beliefs? At first, Stephanie Morris was nervous about leaving Modesto. She’d lived in the Central Valley her whole life, but her family couldn’t keep paying $850-a-month for her...
More Frenzy Fuel
San Diego didn't make the NAR list of vacation-home areas (counties where 20% of the housing stock is for seasonal use), but our market should be enjoying some additional second-home purchases: Vacation home sales are outperforming total existing-home sales. Sales of...