What's it like being a home buyer today? It's a bonanza if you are in the multiple-millions category - there are hundreds of choices! If you want to stay under $1,500,000, the inventory looks bleak: NSDCC Active Inventory Town or Area Zip Code Actives Under $1.5M...
The days of wondering how much of a discount you could get off the list price have been replaced with hoping to limit how much OVER the list price you are willing to pay. For buyers, how much to pay is relative to how well the home fits all of your needs, and how...
Have you been thinking about getting a great realtor to help you buy a home, but feel loyal to your Aunt Bea or a friend who just started in the business? This story is for you. We received five offers on our new listing over the weekend. The lowest offer was...
We've heard for years now that the inventory is low. For the casual observers, it's a discouraging thought - but it's not as bad as it sounds. There have been plenty of homes for sale this year, and in 2020 we could post the highest number of NSDCC sales in...
The 15% increase from the last peak 15 years ago doesn't seem bad, though both were bubblelicious thanks to stimulus (exotic financing then and ultra-low rates today). https://wolfstreet.com/2020/11/24/the-most-splendid-housing-bubbles-in-america-november-update/ The...
The local recruiting effort by Compass has been very effective, and it's really starting to show up in the numbers. With 1,200+ productive agents in San Diego County now (I was #160 in July 2018), we are taking away market share and becoming the dominant brokerage -...
The results are in! We reached 1,692 people, of which 89 participated in the survey, which is about right. Let's go through each question. Q1. Most of the participants (2/3) already live in San Diego County. The question was passive in nature, but it was interesting...
While the 2020 is winding down and we look forward to next year, I'll occasionally repost the unique factors that will have impact on the 2021 selling season. Let me know of any others: Ultra-Low Mortgage Rates - Rates around 3% are expected to continue through 2021,...
The time-honored tradition of buyers hoping to sway sellers with a personal introductory letter came to an abrupt halt this month with the new FHDA form (see snip above). Not only has it been customary to submit a letter of introduction with your offer, but if you...
Here's a sexy headline: Red-hot home prices have more consumers saying now is a bad time to buy Anyone out hunting for a house knows that bidding wars are no longer the exception, but the rule. Demand for housing has been unusually strong, due to the coronavirus...
