valley center ca: The Market is Rising...Sale Price to List Price Ratios for Valley Center, CA, and Escondido, CA
- 11/05/09 11:02 AM
How do you measure the growth of a local housing market? When things are going crazy how much should you offer? One great indicator is the ratio of the sale price to the list price...higher numbers mean more competition from buyers and a rising market...and that is certainly true here in Valley Center and Escondido! This afternoon I took a careful look at our local markets...and found that the numbers reported from many news outlets really don't tell the entire story! Everyone reports the "average" numbers...but we all know there is no such thing as an "Average Home"...each one is different...and every town … (3 comments)
valley center ca: Huge Shadow Inventory: Wild Foreclosure Numbers for Escondido and Valley Center, California
- 10/28/09 09:07 AM
This afternoon I took a look at the foreclosure and pre-foreclosure information in the San Diego County Assessor's database....the numbers are almost unbelievable! We hear stories about the "Shadow Inventory" of foreclosures out there...the "Foreclosure Tsunami" waiting to break...unfortunately those stories may just be TRUE! San Diego County is one of the locations you could call "Ground Zero" for foreclosures....and there is no other part of this town that is any harder hit than the Escondido area...and my home town...Valley Center...so I picked these zip codes to illustrate how things are changing in a hard-hit area. These Charts are my own research...straight from the Assessor's … (2 comments)
valley center ca: $8K Buyer Tax Credit adds 5% to cost of a home...WSJ article today
- 10/24/09 11:41 AM
It looks like Our Favorite Uncle has done it again! There is a great article in the Wall Street Journal today that quotes a Goldman Sachs source who states that the Federal first time buyer tax credit boosted sales by over 200,000 units...that's a whole 'lotta homes! Unfortunately, in the process of boosting sales Washington caused shortages of affordable homes and drove prices up about 5%...that's my government at work!!! And, the huge FED purchases of mortgages have driven the average mortgage rate down about 0.3% below where it would be expected...and that purchase program will end next spring...so expect a half-point rebound … (4 comments)
How do we choose the places we call home? Is it a default thing?...we grew up here, so we live here?...probably true for many folks....but a lot of us have a choice, and it's interesting to think about why we made our choices...what factors came into the equation. If you have kids the local schools are important...most … (2 comments)
How do you measure the growth of a local housing market?
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