Inventory Inventory is tightening and days-on market is falling.  But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data points. Supply and Demand The market has shown some evidence of slowing recently.  Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.   Click Here To See The Full Escondido Market...continue reading...

Here is the latest update from our mortgage partner Dean Brown with Samuel Scott Financial Group.  Mortgages have never been less expensive but still face lots of challenges due to harder qualification guidelines.  See below: People say that “life is full of surprises.” And indeed, last week’s Jobs Report contained several surprises. Read on to find out if they were good or bad...and what they meant for home loan rates. Overall, the Jobs Report wasn’t great, but it did surprise by being...continue reading...

  Residential fire deaths have decreased steadily as the number of homes with smoke alarms increased. Reports from the National Fire Protection Association show that people have nearly a 50 percent better chance of surviving a fire if their home has the recommended number of smoke alarms. When do I need to replace my smoke alarm? Smoke alarms that are 10 years old are near the end of their service life and should be replaced. Some people think that their smoke alarm...continue reading...

Wow, the inventory of homes on the market in Brookside is down to two active listings!  That's the lowest I've seen here in years, no doubt.  It's not inconsistent with the general trend right now of resale homes for sale in North County - inventories are down just about everywhere.  So you would think you would have a seller's market beginning to show a little here... well think again! Our resident loan officer and mortgage expert Mark Robertson tells us that...continue reading...