Yesterday we saw that list pricing of San Diego houses had jumped recently, and a reader wanted to scale it down to local markets. You can see in this Carmel Valley graph that last year the list pricing never picked up any momentum during the prime spring selling...
Two foreclosures that exemplify what to expect in 2012:
David Blitzer and his crooked bow tie make the usual psycho-babble comments on CNBC: http://www.cnbc.com/id/45475582 "Consumer attitudes have gotten a lot more negative about long-term commitments, and the No. 1 long-term commitment most people in this country made is...
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...
What can we expect over the rest of 2011? Mortgage rates are great for now, and if QE2 goes quietly in the night, it could cause some potential buyers to stay engaged for the rest of the year. Here's the recent history of monthly detached sales: We got off to a good...
As CR pointed out yesterday, there are now several home pricing indicies. The one developed by FNC attempts to overcome the problems with the repeat-sale measurements - here is their explanation: One possible approach to address this dilemma is to consistently use all...
Here is an excerpt from Rich Toscano's November report at the Voice. Despite somewhat unfavorable supply and demand situation, home prices held their own in November. As measured by the median price per square foot, resale single family home prices were unchanged...
Bank of America hasn't started up their foreclosure machine yet - here are the number of San Diego County properties they have foreclosed on recently: September: 259 October: 56 November: 1 You can see below that the REO results were building some momemtum between...
From Sean at www.foreclosureradar.com: Five major lenders made announcements last week that they would be suspending certain foreclosure activities in various states. These lenders included Ally (GMAC), JPMorgan Chase, Bank of America, Litton and PNC. While this...
Sellers, and their listing agents, have been manufacturing the double-dip experience. Because the local real estate market had the illusion of being "healthier", they figured it was time to push their list price to see what the market would bear. A few got lucky...
