The Super Bowl is over, and the spring selling season is here - let's move! How does the inventory compare to last year? Here are the active listings and cost-per-sf from the day after the 2015 Super Bowl, and today: Price Range 2015 # of Actives Avg LP $/sf 2016 #...
If you look at the recent averages of home sales, big discounts off list prices are rare – buyers are lucky to get 5% off.
Our Spring Selling Season usually gets moving after the Super Bowl is complete, but is anyone excited to see Carolina vs. Denver? The sports media will do their best to generate some juicy story lines, but San Diegans won't have much at stake with this matchup. Let's...
Want to guess when the best time will be to sell your house in 2016? Let's reflect on recent history. The Big Frenzy of 2013 was super-charged by mortgage rates dropping into the low-3s during 4Q12. The low point for the 30Y conforming rate was 3.31% during the week...
We've been enjoying a statistical exuberance that is somewhat misguided. The latest Case-Shiller Index was the March reading, which includes sales data from the previous two months too. Our recent local data has been looking strong as well, with both April and May...
With all the recent action mentioned in the previous post, it makes you wonder how much the market is fueled by frustration over the selection of homes for sale. Yes, it is the "season", but is the lack of inventory causing buyers to grab anything, at any price? More...
Usually around tax day, the real estate market goes into a bit of a funk, and this year it was compounded by the disconnect between our MLS and Zillow - any new listings have to be manually inputted to Zillow, which isn't obvious to most agents. In spite of all that,...
Fannie interviews 1,000 people every month, and then leaves it up to their ivory-tower guy to explain it to the masses. Here's my conclusion from my own personal survey: buyers are being cautious due to prices going up so fast....
Mortgage rates on Friday dropped back to 3.62% (avg. jumbo was 3.57%!), which should help fuel the final Spring Kick of the selling season. The end of the school year is within sight, and there are lots of lookers. My listing on Monroe in Old Carlsbad was shown...
On top of today's announcement that February pendings were up 3.1%, our local NSDCC market has kicked it up a notch lately. We had 84 new pendings last week, and 81 this week - we averaged 60 per week in February! Click on the link below for the complete NSDCC...
