Southern California’s average home price
Southern California’s average home price
The latest trend in Southern California’s average home price indicates continued growth, though possibly at a slower pace than the previous year. Here’s what we can glean from available data: Read more 
Home Squatting Problem
Home Squatting Problem
A migrant TikTok influencer tells illegal immigrants how to invade homes in America thanks to progressive squatting laws.
It’s happening all over the country. According to Redacted there’s been about 1000 homes squatted. What on earth is happening to our America? Read more
San Diego’s New Eviction Rules
San Diego’s New Eviction Rules
Landlords in San Diego are not happy with the new proposed eviction rules in the city.
They say that the eviction rules will force landlords to leave properties neglected rather than doing updates and repairs, because a permit will be required if they desire to evict a tenant at the end of the lease to do updates. Read more
San Diego’s Housing Agenda
San Diego’s Housing Agenda
When landlords withdraw their efforts to provide rental housing a shortage will result. That creates an upward pressure on rents thereby making rents even less affordable. This form of rent control has been tried before so many times but has never worked. If it ever did it would be utilized in every rental property across the country.
Honestly, it seems painfully clear it is time to no longer be a landlord in California. This is just the beginning of the path California is walking. It is not going to get better for landlords. The small guy is going to be crushed. Read more
San Diego Anti-Landlord Ordinance
San Diego Anti-Landlord Ordinance
Critics of the tenant protections and regulations view them as overly burdensome for landlords, potentially hindering their ability to manage their properties or make a profit. Some argue that these regulations discourage investment in rental properties, reduce the supply of affordable housing, and ultimately lead to higher rents.
Until you clean up the vagrants oops I mean unhoused tent people, you will only have a bust on those projects. Look at all of the buildings in Downtown San Diego, because of the thousands of “Unhoused” people, the people living in their apartments are being assaulted by the homeless vagrants and finding them “unhoused” people in front of your business leaving dirt and poo there should be the issue to solve before ever building more buildings that aren’t affordable. Read more
Home Sales Down – Home Listings Up
Home Sales Down – Home Listings Up
San Diego – Phoenix Home Sales
The biggest Home Sale Crash in 10 Years!
The National Association of Realtors just reported a 14% YoY Decline in Home Sales!
Read more
Home Price Drops – Top 10 Cities
Home Price Drops – Top 10 Cities
Latest data is showing a big crash in Home Prices in 10 Cities across America.
Cities like Denver, Los Angeles, San Francisco, and Austin had Home Value Drops in June 2022 according to the Zillow Home Value Index (“Raw Mid Tier”). https://www.zillow.com/research/data/ Read more
Home Price Reductions
Home Price Reductions on Active Listings
A quick look add a real estate market leading indicator, price reductions on active listings, in a couple of main Metro areas in California and Arizona.
Keep in mind when looking at the charts, the notice the trendline of today’s price reductions versus price reductions last year in 2021. Read more
Housing Bust Inventory Surge
Housing Bust Inventory Surge
The Housing Bubble is turning into a Crash. Buyers are dropping out of the market and inventory (aka homes for sale) is surging. This is likely to get worse in the future because Mortgage Purchase Applications – a forward looking indicator of Housing Demand – keep declining.
States with massive surges in Homes for Sale include Idaho, Utah, and Arizona.
2022 Real Estate Market Drop
2022 Real Estate Market Drop
Home mortgage rates jump to a 13-year High!
Home mortgage rates are now at their highest level since August 2009!
Yes, currently a 30-year fixed mortgage will cost you in the range of 5.27% which is up from 5.10% just last week! Home mortgage rates have jumped up about two percentage points just from the start of the new year! Read more