The prime-time selling season runs from Super Bowl Sunday to the Fourth of July. How has your area been doing? We should start seeing some of the unsuccessful sellers figure it out, and either cancel their listing, or lower their price over the next 30-45 days. Here...
Mortgage fraud-related Suspicious Activity Reports referred to law enforcement increased 36% to 63,713 during 2008, compared to 46,717 reports in 2007, according to the Federal Bureau of Investigation's 2008 Mortgage Fraud Report. While the total dollar loss...
Hat tip to Aztec for sending this along, from Bloomberg: http://www.bloomberg.com/apps/news?pid=20601039&sid=aVVtkVUvfRXE We are largely hostage to the way our mind works. According to prospect theory, pioneered by psychologists Amos Tversky and Daniel Kahneman,...
FreedomCM heard that Bank of America has stopped doing short sales in Nevada - is that a good idea? The whole idea is a slippery slope - once lenders allow a few homeowners to sell short, doesn't it create the classic moral hazard? Today there are MORE PENDINGS THAN...
Some readers had concerns about the La Costa lowball short sale mentioned on Friday. https://www.bubbleinfo.com/2009/07/buyer-representation/ My intention was to point out the future of the real estate business - it's going to get tougher on agents who can't keep up...
This video was shot in mid-April about a red-hot 2,724sf Carmel Valley listing, priced at $765,000. The agent had a ton of interest, and raised the price twice, first to $778,000 and then to $798,000, and he had three offers over $800,000 immediately. End result? The...
Bubbleinfo.com readers took kindly to Kwaping's idea that we include significant homes for sale, so here's another: From the L.A. Times: The Frank Lloyd Wright-designed Ennis House in Los Feliz has landed on the Multiple Listing Service at $15 million. The 1924...
Media sources are hoping to get the jump on the foreclosure tsunami: http://www.latimes.com/business/la-fi-foreclosure4-2009jul04,0,5145254.story Sales of foreclosed houses soared last year as investors and first-time home buyers swarmed over what were considered...
This feels like a trip down memory lane - a new offering near the back gate in Oceanside:
July 4th is my mother's 75th birthday - HAPPY BIRTHDAY MA! I'm sure she's proud today - from espn.com: http://sports.espn.go.com/mlb/photos?gameId=290703125 Friday night's Dodgers vs. Padres game, and the return of Manny Ramirez after serving a 50-game suspension for...
