Mortgage rates have come down 1% in the last few weeks, and the casual observers are hoping it means that the Big Turnaround will commence in the Spring of 2024. But for a full-fledged frenzy to break out, home prices would have to drop too. We'll never learn much...
Having 2,218 new detached and attached listings in a county of 3.3 million people is anemic. There were 4,198 new listings in October, 2019. But it doesn't look like we need any more - those on the market aren't selling like before. In fact, the unsolds are starting...
Currently buyers are having to pay 2x or 3x the previous bill for homeowners insurance, due to the lack of options because the big insurance companies have stopped writing policies in California. Some are blaming climate change, and guys like Carl Demaio are blaming...
When selling, it's smart to make your home appear to be pet-friendly! Proximity to good schools has long been a deciding factor for home buyers. An increasing number of house shoppers, however, are looking for schools that specialize in fetching rather than phonics....
Homeowners in San Diego are the least likely sellers in the country to lose money if they put their house on the market, according to a new study. The study, which was conducted by the real estate company Redfin, analyzed real estate data from 50 of the most populous...
An article published yesterday included some guesses about the future of the real estate market over the next five years. For those who thought it would be the usual expert opinions touting 3% appreciation per year, you won't be disappointed, though Larry did throw in...
Unless you are among the very affluent, you need to move out-of-state to make it worth selling your home in San Diego. If that looks inevitable, do it while you are younger and can handle the challenge! Start by going through your stuff - your kids don't want it and...
Could rates get so high that it turns into a cash-only market? It's heading that way. Of the 118 closings this month between La Jolla and Carlsbad, 45% were all-cash, and it's competitive. My buyers made a cash offer that was $101,000 over list on this one and didn't...
They expect another 200,000 homes to be built in SD County? Where? MCAS Miramar? San Diego officials are expecting an end to the region's perpetual growth. Driving the news: San Diego's population is expected to peak in 2042, and then decline by about 100,000 people...
Rob did a great blog post on the real cause of the crazy home-value appreciation: Link to full...
