The national cheerleaders get excited about every nugget of data, and are happy to jump to conclusions. Yunnie is finally tip-toeing around the downsizing trend that we see everywhere around here, but he can't assume that those sellers are buying too: “The May gain...
Low mortgage rates are keeping the party going! As mortgage rates dipped back into the mid-3s in February, buyers responded. The closed sales in April and May were healthy, and supported by sellers who are being reasonable about price - the cost-per-sf is about the...
More talking while driving....safely:
We're wrapping up the month of May today, and the spring selling season. Oh yes, there will still be plenty of blue sky ahead....until there isn't. The NSDCC closed sales this month are looking like they will exceed last year's total for May - which was 287 sales....
We're about halfway through the spring selling season! The Zillow Group said that it is best for San Diegans to sell their house in March. But a few years back, I wrote this article suggesting that May is also a good time, because you can pick up on the momentum of...
We're well into the spring selling season (May 1st is twelve days away), and soon the talking heads will be touting fewer sales this year, compared to 2015. It is short-sighted though, because 2015 was a great year, statistically. When you consider that prices are...
Mortgage rates sure are cooperating with the peak selling season! Let's hope the economy stays alive, and the political circus doesn't get any worse. From MND who quotes rates with zero-points: Part of the recent move lower in rates is due to anticipation of just...
We've all heard the rule about listing your home for sale in the spring. But when are buyers actually buying? Are there any times when the demand could wane, and sellers should avoid? There are three events that could cause a lull in the demand: Easter/Spring Break...
I like to compare the counts of active and pending listings to help determine the overall 'health' of the marketplace, and a 2:1 ratio always seemed to be 'normal', roughly. Le's compare the comparisons! These are the counts from February 1, 2016: Area Zip Code ACT...
The new-listing totals for the early spring season have been virtually identical over the last five years. But the mix has changed dramatically - in 2012, 60% of the listings were under $1,000,000, and this year it's only 35%: NSDCC New Listings between Feb. 1st - Mar...
