Let’s take a look at the covid history of one of our frenzy measuring sticks: NSDCC Sales-Price-to-List-Price Ratio: Month # of Sales Median List Price Median Sales Price SP:LP Ratio March 2020 206 $1,492,500 $1,445,000 96.8% Apr 156 $1,424,499 $1,390,000 97.6% May 143 $1,399,900 $1,395,000 99.6% Jun 274 $1,362,500 $1,363,700 100% Jul 351 $1,450,000 $1,423,350 […more]
I’ve been fortunate to get almost 2.3 million YouTube views (1/3 of them in 2009!) over the last 15+ years. Our daughter Natalie’s video got over 8 million views in less than a week! She is the one in white with a blue streak in her hair – right in front between the 3:00 and […more]
304 Lion Valley Road in Escondido is FOR SALE Note to agents: This property will be available to show on Saturday, April 10 between 10 am and 1 pm. Welcome to Lion Valley Road, a quiet street of well-maintained homes in southeast Escondido. This single-story home has three bedrooms and two full baths in a…
You can’t spend too much time reading/watching the news recently without being well aware of the relatively unprecedented surge in mortgage rates seen so far in 2022. In particular, the month of March was one the worst on record with one individual week in March tying a week in June 2013 as the worst in more than […more]
Now that we are grappling with 5% mortgage rates, people are wondering how it will affect the market. The common perception is that there will be pullback. What that means isn’t defined – it’s just a vague concept that the logical mind wants to believe. But logic flew out the window long ago, so I’m […more]
We joke about how sellers are reluctant about lowering their price, but it has been a solid strategy over the last 10-12 years. Here is a prime example (see above). P.S. They had no showings last year, and decided the timing wasn’t right. Boy, howdy!
From yesterday’s article, which also ran in the SDUT today: “There are so many strange things going on right now,” said Edward Seiler, the associate vice president for housing economics at the Mortgage Bankers Association. It has been 40 years since rates have risen like this alongside similar home price growth and high inflation. This […more]
The mainstream media is taking their shots at explaining the current market. Here is the attempt by the NYT – link should be unlocked: Here’s a former realtor who says if it weren’t for the investors, we’d be back to normal: https://www.forbes.com/sites/johnwake/2022/04/01/the-real-reason-house-prices-are-skyrocketing-what-the-real-estate-industry-wont-tell-you/ Economists like to focus on demand, but as long as the supply is […more]