And only three for sale under $1,100,000! It's not the end of the world, though. It's not even the end of homes for sale under a million - there will be others. But it is the velocity of the frenzy that is astonishing. Detached-Homes For Sale Under $1,000,000 Between...
Virus
The Post-Covid Era for Real Estate
The best part about returning to normal is dropping the requirement of having to sign the covid disclosure - known as a 'pead' - just to see a house. I don't mind the paperwork, it's the badgering by listing agents to submit the form immediately before anything else...
Covid-19 Tenant Eviction Moratorium
Here's a snapshot from C.A.R. of the current rules with tenants and landlords: More can be found at the state's website here: https://housing.ca.gov/
Payment Adjusted for Rate & Inflation
Thanks to just some guy' for sending in this article comparing prices, rates, and inflation: https://awealthofcommonsense.com/2021/03/what-if-housing-prices-arent-as-high-as-they-appear/ It's a feel-good idea that inflation and lower rates can ease the pain of...
Fewer Moving To Urban Areas
This guy analyzed the changes in mailing addresses on credit reports to determine who moved where: Conclusion Did the COVID-19 pandemic start an urban exodus? The estimates presented here strongly suggest that migration flows were unfavorable for urban neighborhoods...
My Top Ten Reasons For Frenzy 2021
After an insanely unpredictable real estate market in 2020, will our strong sellers' market continue in North San Diego County's Coastal region? Probably, but it should be more balanced. Mortgage rates around 3% (and under) will continue through at least the first...
Donations Needed
Posted on Facebook by Miranda Klassen - I imagine all hospitals could use a hand: Asking for help to support my husband Bryce and the ICU staff at Scripps Memorial Hospital Encinitas. They have been exceedingly over capacity for weeks with no sign of slowing. They are...
NSDCC New Sales Records
It looks like we are going to set new records in every category this year - and not by a little! NSDCC Annual Sales & Pricing Year # of Sales Median Sales Price Median DOM # of $2M+ Sales 2013 3,083 $949,000 41 392 2014 2,904 $1,020,000 47 434 2015 3,104...
Showings Bounce Back
Last year, the showings in early December ended up about where they were during the previous January. But this year we had a huge post-Thanksgiving bounce, and are now 175% above the same time last year! Next year is going to go nuts!
Why Are You Moving?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The average length of homeownership has been 10-12 years.....until now?!? Nearly half of Americans are considering a move to a new home Of those considering a move, more than 1 in 4 (27%) want to stay within their current...