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
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.
Housing Market 2022
Housing Market 2022
Real Estate, housing market, buyer demand and interest rates
The Federal Reserve board has already announced that they’re going to be a number of interest rate hikes this year. I think the Russian Ukrainian conflict has put that on a temporary hold.
Quite a few people believe that once this conflict is over, we’re going to see the interest rate start there climb higher. As always, once interest rates start to move up, housing affordability and housing demand decrease.
Read more
San Diego Housing Traffic
San Diego Housing Traffic
The chart below shows the unique traffic to www.brokerforyou.com for September 2016.
Yes, in September brokerforyou.com generated over 25,400 unique visitors!
Many times various website owners quote traffic by saying how many hits their website generated in a month. if you look to the right column on this chart it does show the monthly hits and for September that was over 141,300. But, the reason I don’t quote that is because many hits could be generated by just one visitor. I’m not going to get into how hits are calculated here, except to say that anyone who is promoting their site by saying how many hits it receives is really being misleading or very naïve.
The best way, to determine real visitors is by unique visitors, where one unique IP address is counted in a 24-hour period. Read more
San Diego Housing Market
San Diego Housing Market
The S&P/Case-Shiller index for January was just released today.
The good news, at least for San Diego home sellers, was that for January 2014,San Diego had the most improved year-over-year home appreciation!
Yes, for January 2014 the case Shiller index showed that San Diego’s residential real estate market improved by an amazing 19.4%! Read more
San Diego 2014 Real Estate
San Diego Real Estate
Dataquick, a real estate reporting company just issued a report that shows that San Diego housing market dipped slightly again in January as home sales hit their lowest levels in the past three years.
San Diego home prices also dipped in January with the median home price, falling $15,000 from December. But, even with that drop the January 2014 median San Diego home price was still up 15.7% from January 2012. Read more
San Diego Home Prices Increase
San Diego Home Prices
The San Diego Association of Realtors just reported that San Diego County home increased 14% — from $360,000 to $410,000 – between February 2012 and February 2013. This is the first time in two years that the median price of a home in the San Diego area crossed the $400,000 level.
San Diego condominium prices Read more
Home Prices Increase
Home Prices Increase
Yes, it’s always good to hear positive news on the San Diego real estate market. First, let’s talk nationally, today’s release of the monthly Standard & Poor’s/Case Shiller index showed that home prices increased by 1.2% in July versus the average home price in June. for all 20 cities tracked by this report, home prices increased in every city for the third month in a row. Read more