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Crushed

Jim Klinge — Tue, 29 Sep 2026 20:06:07 +0000

Bonds got crushed this week after stronger than expected economic data and consistently inflationary news out of the Middle East. The 10-year Treasury yield reached nearly 5.2%, the highest in almost 25 years, and the 30-year fixed mortgage rate surged 50 basis points in two weeks, finishing at 7.58% on Tuesday, according to Mortgage News […]

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SD Case-Shiller, July

Jim Klinge — Tue, 29 Sep 2026 15:44:51 +0000

In 2026, the pricing downdraft started later in the year, and it hasn’t been as pronounced as it was last June and July. Let’s see if that holds up! I say regularly that pricing has been flat, and nowhere is it more obvious than in the non-seasonally-adjusted Case-Shiller Index. The YoY change was +1.6% The […]

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7.5% Is Here

Jim Klinge — Mon, 28 Sep 2026 23:55:53 +0000

https://www.mortgagenewsdaily.com/markets/mortgage-rates-09282026 1,2,3 Cancun!

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Padres Playoffs

Jim Klinge — Mon, 28 Sep 2026 16:06:07 +0000

Oh great, the Padres are in the playoffs. I’ll never forget the time in 2022 when we were selling the ultimate product – the newer one-story with pool and 3-car garage in Aviara for $1,800,000. We had several offers, and we selected one that was well over the list price. The buyer’s home inspector lost […]

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Inventory Watch

Jim Klinge — Mon, 28 Sep 2026 15:49:18 +0000

The number of closed sales this month is up to 121, but it will be the last month of 2026 that will be above 100 sales. There were only 14 new pendings in the last week! As you can see in the graph, the magenta-colored pendings are taking a dive. At this rate, the number […]

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Current Environment

Jim Klinge — Sun, 27 Sep 2026 14:25:20 +0000

September brought the sharpest shift in the housing market we’ve seen this year, and it started in the bond market. The 10-year Treasury yield pushed above 5.1%, its highest level since 2007. Mortgage rates followed to about 7.25%, the highest in 28 months. The Fed raised rates for the first time in three years, and […]

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$65,000,000

Jim Klinge — Sun, 27 Sep 2026 14:23:10 +0000

https://www.compass.com/homedetails/1-Strand-Beach-Dr-Dana-Point-CA-92629/1JYZ17_pid/

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AZ Water Concerns

Jim Klinge — Sat, 26 Sep 2026 14:02:42 +0000

Every Saturday, I encourage people to move – and usually it’s to consider moving out of state. Be careful of water shortages in the desert communities though!

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Realtoring is Expensive

Jim Klinge — Sat, 26 Sep 2026 14:02:02 +0000

NSDCC Closings, Sept

Jim Klinge — Fri, 25 Sep 2026 16:00:39 +0000

The September sales are looking fairly decent, and by the time we’re done, the count might get close to last year’s 165 sales. The pricing metrics are at least 5% higher too. The number of active listings is rising, however, and there have been a few price reductions here and there, but none of any […]

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