There has been discussion about San Diego home prices reverting back to their 'normal' trend, but what is normal? 3x income? 4x income? 5x income? The few times I've spoken up about the income question, I've said "Who cares about the median income for the county,...
Who cares about all the hoopla about listings flying into escrow - ARE THEY CLOSING? Here's the graph of weekly sales of detached homes from La Jolla to Carlsbad - the most recent three years are in bold, with three previous years included with thin lines for flavor:...
You could make a case on both sides of the rental market. On one hand: you could say that buying a home is still an expensive proposition, and the uncertainty ahead would keep the tenant pool brimming. On the other hand: current tenants may be buying homes to live in,...
Back in 2000-2001, there were some of us long-time real estate people that thought we were due for a downturn. Historically the market ran its full cycle every ten years, and 1990 was the previous peak. But thanks mostly to the 1997 rule that allowed homeowners to be...
This is the Redfin graph of sold $/sf vs list $/sf for San Diego. For some reason the two lines are no longer tracking. Can anyone help me figure this out? [Click for a clearer picture.]
FreedomCM brought up the new data from Mr. Mortgage on the San Diego real estate supply and demand, and mounting foreclosures: http://www.fieldcheckgroup.com/2009/04/21/213/ He has his usual colorful charts and commentary - here are a couple of his notes: (T)he...
