The areas that have had double-digit increases in new listings, and also had double-digit decreases in year-over-year sales percentages, are struggling a bit (in bold). Cardiff and Solana Beach have such small sample sizes that their changes aren’t alarming, so it’s Encinitas and Rancho Santa Fe that stand out.
Any with a big decrease in sales are next on the list (SE Carlsbad and La Jolla).
What will be more helpful to a home buyer when trying to select a house? A seasoned real estate broker or a computerized residential real estate robotic algorithm?
According to a recent test in Denver, the robot beat the humans in providing more homes preferred by the buyer.
The test was conducted by QValue, a Denver automated valuation model for the real estate industry created by Creed Smith and publicized in Inman News.
During the test last month, the recommendations of three Denver real estate professional brokers were compared with the homes recommended by the computerized algorithm. The recommendations were then ranked by the “buyer,” (who in this case was played by John Rebchook, formerly the real estate editor of the Rocky Mountain News who now runs the DenverRealEstateWatch.com site).
The robot beat the humans in the test, according to Smith.
“The algorithm’s recommendations consistently placed two homes within the top three buyer choices each day, and placed as the buyer’s number one favorite home every time all three days. This tells me the algorithm can indeed suggest homes based on emotionally triggering qualities buyers desire (qualitative criteria),” Smith said in a statement.
The test didn’t factor in other myriad other responsibilities offered by real estate brokers, such as drawing up real estate contracts and other duties.
As of (yesterday), you’d have to go back 3 full years to see rate sheets any lower, on average.
May 10th, 2013 was a very bumpy day for rates, and it capped a week that served as the starting point for the ‘taper tantrum’ (several months of rapidly increasing rates as markets adjusted to the idea that the Fed would be ending its bond buying program).
With a range of 3.5 to 3.625% (at no points), today’s top tier conventional 30yr fixed quotes are right in line with those seen on May 9, 2013.
Just one more rerun before Kayla introduces our new listing tomorrow night.
This is the 7th most-watched video on Bubbleinfo TV, and is a greatest-hits tour through the REO-listing days. In April, 2008, the Bank of America had dumped twenty of their REOs in my lap, and over the next 12 months the JtR foreclosure extravaganza ensued.
A month after this video premiered here on the blog (March, 2009), I was on the front page of the L.A. Times, which led to the spot on ABC News Nightline:
Jim and his team are top flight. He knows the market better than anyone, and his team ensures the deal goes through without a hitch. There's always something at the last minute, but you'd never know it with Jim and his crew. I've bought and sold houses with Jim as my agent over the years, and I wouldn't use anyone else. Save yourself the headaches and potential costly mistakes...
Buying a house is one of the most emotional,exciting, and sometimes confusing milestones you'll reach for in your life! Being a buyer in this market can make it even more interesting! My husband and I have been looking to buy for a year, and when the time came we wanted a realtor team that would be on our team! Being that I'm a business woman and was 7 months pregnant, I wanted, NEEDED, communication, dependability, and consistency! The Klinges went so far above and beyond ...
Jim was recommended to me when I bought my first house here in the US five years ago. He and Donna explained the whole process and it was a great experience to work with them. Not surprisingly, when my company asked me to relocate my first choice was to work with them again...
I have followed Jim's real estate blog for years and by the time I got ready to sell my townhouse I felt I knew him both personally and professionally. At our first meeting he was prepared with recent comps and listings for the area...
"Jim is an absolute pleasure to work with. He tells it like it is and won't let you buy a clunker. He's very knowledgable about the market and you can get a sense of that by following his blog. We couldn't have been happier with our representation during our purchase - which included navigating a ... more "
"Jim and his team are the best! I bought and sold my house with Klinge Realty and if I ever move back to San Diego County, I will definitely be asking ... more "
"Thank you Klinge Realty! I am so glad that I chose Jim to sell my house in Rancho Penasquitos. Thanks to Jim, I accepted an offer that was 5% ... more "
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