[sdrealtor]

New listings 19 (23) – highest count all year but still havent hit 20 yet. This time last year we had hit 30.

New Pendings of 25 (36) –

Thats -6

Closed sales at 18 –

Total houses for sale 29 (49) with median of $2.3M ($1.709M). Cheapest SFR is $1.285M and its actually a detached condo not a true SFR. Inventory still off about 40% as my hovel inches every closer

Every once in a while I see something that makes me stand up and take notice. This week a friend listed a beautiful property in Leucadia for $7M and it sold the first day. That means someone was waiting out there with $7M or more burning a hole in their pocket looking to buy their dream home. We never had buyers like that before. The world continues changing here faster and faster!

[sdrealtor]

New listings 4 (5) –

New Pendings of 9 (5) –

Closed sales at 5 (10) –

Inventory was 8 last week and 3 now all should go soon. It was 7 this time last year. The median list price is now $1.15M and was $825K this week last year. Probably skewed a bit higher because of few homes on market but thats 40% higher so take from it what you will.

MM inventory flow has been very consistent for about 1 1/2 to 2 years. This is how markets change over to time to lasting impact.

[sdrealtor]

A $7M house in Encinitas just sold the 1st day on market.

Buyer must be trying to get in before rates go up!!

[sdrealtor]

“And those rates you quoted were BS. Show me evidence of an actual loan in SD that closed today with that rate? I dare you. Not happening.”

No love for sdr? I have clients literally signing loan documents right now for what you said is not happening!

You seriously are the best set up man in the business. Will you be my wingman?

The point is you are consistently wrong. You should adopt the George Costanza mentality and do the exact opposite of whatever you think you should. Lots of things fueled the rise not just interest rates

[sdrealtor]

The funniest part is I know exactly where dumbzone got that. he reads something on the internet and thinks hes an expert. Bill on Calculated Risk posted a lender sent him a rate sheet with rate close to 5% so he read it and ran with it without verifying that it was an extreme outlier. Silly dumbzone, real estate is for pros

[sdrealtor]

[quote=deadzone][quote=sdrealtor][quote=deadzone]Mortgage rates ripping higher again today. Getting close to 5% on the 30year fixed. The title of this thread is already obsolete.[/quote]

Uhhhh….no. Having coffee with lender friend 30 years experience over 10,000 loans. He’s at 4.25% no points right now. But he’s doing 10/1’s now anyway[/quote]

I call BS on that. You and your imaginary friends.[/quote]

Ummm…No. Here is an imaginary website. I’ve used them in past and rate is exactly what is posted

https://www.aimloan.com/home/e2ce626011167a6

[sdrealtor]

[quote=deadzone][quote=sdrealtor][quote=deadzone][quote=sdrealtor]As would the equity and housing crash you’ve been cheering for the last couple years. Pot meet kettle[/quote]

Not even close. Housing “correction” of 30% or so would have minimal impact on the vast majority of the population that either don’t own real estate, or have significant equity built up. Would mainly impact the investor class. And for everyone else, prices of things would go down. Win/Win[/quote]

Uhhhh…..no and you are cheering for full on crash. Hypocrite[/quote]

What’s a full on crash in your book? Yes lower prices in general are better for everyone except the investor class. What are you cheering for?
You are obviously a fan boy for the expansion of the wealth divide. Basically an elitist prick who masquerades as a liberal democrat.[/quote]

Now that’s funny! I would love lower prices and more affordability in my hood. Love seeing young happy positive families move in around me. I’m not cheering for anything. I just deliver reports on what I see with a side of misery for you lol

[sdrealtor]

Death is the opportunity of a lifetime

[sdrealtor]

[quote=deadzone]Mortgage rates ripping higher again today. Getting close to 5% on the 30year fixed. The title of this thread is already obsolete.[/quote]

Uhhhh….no. Having coffee with lender friend 30 years experience over 10,000 loans. He’s at 4.25% no points right now. But he’s doing 10/1’s now anyway

[sdrealtor]

[quote=deadzone][quote=sdrealtor]As would the equity and housing crash you’ve been cheering for the last couple years. Pot meet kettle[/quote]

Not even close. Housing “correction” of 30% or so would have minimal impact on the vast majority of the population that either don’t own real estate, or have significant equity built up. Would mainly impact the investor class. And for everyone else, prices of things would go down. Win/Win[/quote]

Uhhhh…..no and you are cheering for full on crash. Hypocrite

[sdrealtor]

As would the equity and housing crash you’ve been cheering for the last couple years. Pot meet kettle

[sdrealtor]

He’ll be tending to his pet Western Fence lizards in gridlocked Nirvana counting his walls soon. Bookmark it

[sdrealtor]

Gzz I think your account got hacked by flyer. Oh and you could joint venture if you want to highest and best that land beyond your means

[sdrealtor]

[quote=deadzone][quote=an]Dude, I can’t compete with all those peeps and their $$$! 2008 needs to happen again so that way everyone is miserable and has no job.[/quote]

Don’t worry, higher interest rates will pop the bubble just like they did in mid-2000s. Never in history has the economy been so dependent on near zero interest rates and Fed manipulating the markets (by literally printing money to purchase mortgage debt). If the Fed actually follows through on their words, it is game over. (Big If I know).

SDR doesn’t understand the mechanics of our Fed based economy, he’s too busy snooping on people’s linkedin profiles. Creepy MFer.[/quote]

You’ll still never get one here.

[sdrealtor]

Lots of healthcare workers also. Physicians and PA’s abound! Research scientists, business owners too. Just not many defense guys

[Author]

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