U.S. Homeownership
US Homeownership falls in first quarter of 2016
The United States Census Bureau just reported that for the first quarter of 2016 US homeownership actually fell to 63.6%! As a comparison, the homeownership rate it a high of 69 4.4% in 2004 during what many consider the biggest housing boom in US history.
Currently the US homeownership rate is now only 1/10 of one basis point higher than the all time low heat in the second quarter of 2015! Read more 
Home sales fall
New home sales fall in March
Even in light of historic low mortgage rates new home sales have been for the third month in a row. March figures which were just reported, show that new home sales were down 1.5% according to the Commerce Department’s report.
Home sales fall
The rate of new home sales as steadily dropped since January 2016. The Commerce Department’s report also showed a huge sales dropped for new home sales in the West. The West showed a drop of 23.6% in March. The only good news in this report as far as new home sales go was the fact that on a year to date pace compared to 2015, we are slightly ahead in the number of sales this year. Read more
San Diego Housing Bubble 2016 ?
San Diego Housing Bubble 2016
California Real Estate
Is there a San Diego housing bubble that’s going to burst sometime soon?
Usually it would be very rare on a real estate agents or real estate broker site that have a post about the possibility of another real estate bubble. But, with that said real estate brokers and real estate agents are not economist and basically we in a sales industry, where to be successful you must be optimistic. Now, there’s nothing wrong with being optimistic about your industry. The problem is when industry insiders become overly optimistic and operate with a set of blinders.
This is exactly what happened in the San Diego real estate bubble that started in 2005. I was lucky enough to be one of the very few San Diego real estate professionals who in the summer of 2005 wrote extensively about what I saw as an eminent San Diego real estate market crash. Read more
San Diego Realtor lockboxes
San Diego Realtor lockboxes
Sentrilock Realtor LockAt the Board these cost over $146 + Tax
I have 10 of these lockboxes. Some are totally brand-new, never used. Most have brand-new batteries installed.
Just $100 each while they last.
Bob 619-286-5604