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New and existing listings building up
This past week, there’s been some good news in terms of inventory which is great news for patient home buyers! New homes supply New homes supply is up to 9 months of supply. New home sales fell 16.6% in April and as a result, supply is up. New homes data comes from builder companies and… Read More »New and existing listings building up
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May ’22 State of the San Diego Housing Market
Here’s an update for the San Diego market in May. Still really hot, but leading indicators of inventory and price drops are showing a shift. Inventory Found a new source for weekly inventory data, and that is the excellent Altos research. This is data for the San Diego, Carlsbad, San Marcos area. I like this… Read More »May ’22 State of the San Diego Housing Market
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The double trigger for foreclosures
Recently, Rick Palacios Jr. from John Burns Real Estate Consulting posted a very interesting statistic related to DTI. I’ve written before on how it seems like many people are getting loans at shockingly high DTIs, but of course, all I’ve had is anecdotes. Rick’s got the data. The image is a little hard to read… Read More »The double trigger for foreclosures
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The Gang Buys Real Estate
Does a tech bro want a $7000 house in a quiet, unwalkable area overlooking the freeway? I doubt it.
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Weekly inventory in San Diego recovered to 2021 levels
San Diego inventory hit an important milestone this week, which is that it finally recovered to 2021 levels. A few months ago, inventory was down 50% seasonally, and as of this last week, it is now the same as it was this time last year. Seasonal Inventory Inventory has been building all year – however… Read More »Weekly inventory in San Diego recovered to 2021 levels
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Creative Financing – The Margin Loan
As I’ve noted a few times before, just because it’s not called subprime this time, doesn’t mean it isn’t just as risky as the last time. The one thing that struck me about the Big Short was just how creative lenders were with financing, and I can’t help but believe they’re finding new ways to… Read More »Creative Financing – The Margin Loan
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Why we stopped our search
The Federal Reserve’s change of direction and the reckless buying environment are two of the main reasons we stopped searching for a house in March.
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San Diego’s rent prices may ease up by late 2022
San Diego’s rental market looks impossibly tight right now. Rents have risen precipitously over the past year. This isn’t surprising if you look at the vacancy rate. The vacancy rate dipped as low as 1.6% late last year. In 2019 it was around 5.5%! But I predict it will ease up by the end of… Read More »San Diego’s rent prices may ease up by late 2022
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April ’22 State of the San Diego Housing Market
Since I live in San Diego, I try to watch the San Diego market. Real estate is very localized and it’s entirely possible to have too much housing in one place and not enough housing in another. Anecdotally, I’m not seeing a lot of change in San Diego, not a lot of houses appearing in… Read More »April ’22 State of the San Diego Housing Market
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April 2022 Sentiment Check
I figured I would periodically post the overall sentiment I’m seeing in the news and twitterverse on housing. Because my own thoughts are one thing, what the wider landscape says, is another. Granted, there’s never consensus these days, but here’s a smattering of what I’ve seen. Media The Sky-High Pandemic Housing Market Finds Gravity Does… Read More »April 2022 Sentiment Check