COVID and Its Effect On Real Estate
The Desert (Rancho La Quinta): Home Prices on a Per Square Foot Basis Remain Steady
Mortgage Rates: Why They Have Not Kept Pace with Lower Treasury Rates
With the 10-year Treasury reaching all-time lows (0.68% as of 6/2/2020) a few months ago, the expectation on the part of many consumers was that mortgage rates would be much lower. In actuality, mortgage rates were slow to move down the curve with 10-year Treasuries...
Villa Home Price Index (VHPI) – Q4 Results
The Villa Home Price Index is complete and the results along with the graphs are attached below:
Market Summary, Balboa Island and Q4 BIPI (Balboa Island Price Index) Results
The Girling Team held its quarterly breakfast this morning at the Village Inn (presentation is posted below). Today's real estate market is characterized by this economic equation: Low inventory housing levels (Supply) + Strong housing sales (Demand) = Increasing...
Dave’s Top 10 (Economic Factors You Should Be Following) – 10/22/2019
I had the pleasure of presenting "Dave's Top 10" to my fellow agents at Villa Real Estate this morning. The presentation is attached below. The Top 10 Factors are: Interest Rates Purchasing Power Housing Shortage Foreign Investment in US Real Estate Listing...
Housing Market Summary – Macro & Micro Factors Affecting Real Estate
Please see the attached Housing Market Summary (Macro & Micro Factors Affecting Real Estate). This will help you to address some of the questions that your clients may have. Please call with any questions. More to Come ... [pdf-embedder...
Foreign Investment in US Real Estate – NAR Study Shows Significant Decrease
NAR conducts a study entitled Profile of International Transactions in U.S. Residential Real Estate (April 2018 to March 2019) . As has been stated before, foreign investment along with low interest rates were two of the main reasons that real estate values soared...
The “Governator” was Here! And I’m Not Talking About Arnold
On Monday I had the opportunity to hear a presentation by Gov Hutchinson, CAR's Assistant General Counsel when he addressed a packed house at the City Hall Community Center. Gov always gives a tremendous, fact-filled presentation, providing updates on legal issues...
Extreme Makeover in Newport Beach: 1227 Sussex
As Realtors, we are familiar with shows on HGTV such as Fixer Upper, Flip or Flop and Extreme Makeover. Well, I found our own version of an "extreme makeover" in Newport Beach at 1227 Sussex (see before and after pictures below). The home sold for $1,599,000 on...
Balboa Island: Market Summary and Q1 BIPI (Balboa Island Price Index) Results
Balboa Island real estate is characterized by higher inventory levels (active properties for sale) and by home values that are leveling off or even correcting somewhat. And this seems to be consistent with how many other micro markets in the Newport Beach area are...
Getting More Granular with Your Comparative Market Analysis (CMA)
Traditional CMA's (Comparative Market Analysis) do not always capture the essence of the real estate market dynamics for a particular neighborhood or market area. That's why I like to "drill down" when I analyze a particular market. See the link below for an example...