The biggest barrier to prices going down is that sales are needed to prove it. Back in the old days when we had foreclosures, the banking rules forced lenders to keep selling their REOs, regardless of price. But who or what is going to force regular homeowners to sell for whatever the market will bear? […more]
SB 1105 has already passed in the state senate, and is being debated in the assembly. According to C.A.R., it will ‘grant vast, unchecked, taxing and bonding authority to an unelected Housing Agency Board in San Diego which would consist of 6 appointed representatives’. Huh? Anything that resembles a property tax is supposed to be […more]
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. In the recent years prior to the pandemic, the actives/pendings in Rancho Santa Fe ran at a 10:1 pace. Nobody is in a hurry there, they don’t have to sell, […more]
Check out our new listing of a turnkey newer one-story home in Scripps Ranch! 11684 Petenwell Rd., San Diego 92131 3 br/2 ba, 2,207sf YB: 1996 HOA = only $42/month, and no Mello-Roos LP = $1,695,000 We will be open 12-3pm this weekend! Are you looking for a newer one-story home that is turnkey ready? […more]
The doomers are hoping to drive the real estate market into hysterics, just for fun. It’s easy for buyers and sellers to get caught up in it too, and think the sky is falling. Let’s identify the terms, what doomers want you to believe, and the truth: Inventory Surge Doomers: Sellers are hitting the panic […more]
Angelenos are migrating to San Diego and San Antonio at higher rates than a year earlier as folks living in the large metro are seeking to stretch their dollar farther elsewhere, according to data from Redfin. Out-of-state migrators heading to San Diego are most commonly from Seattle. San Diego made RedFin’s top 10 popular migration destinations […more]
The latimes continued their assault on the truth today. The number of homes for sale has a major impact on the number of sales. What we’ve had is an inventory problem, yet they make no mention of it here: Southern California home prices and sales edged lower in June from the month before, adding to […more]
Rob H. noted that home prices have simply followed the flood of money. The M2 definition: US M2 Money Stock refers to the measure of money supply that includes financial assets held mainly by households such as savings deposits, time deposits, and balances in retail money market mutual funds, in addition to more readily-available liquid […more]
It seems like there are open-house signs on every corner now. Some may think that it’s a sign of trouble, but recognize that it’s realtor training in progress. The industry is dominated by realtor teams now. Their leaders send out the trainees to do open house every Saturday and Sunday, even though the chance of […more]