Shadash has some ideas on why, but it is puzzling. Why are San Diego prices 'sticky', compared to other areas that have seen more rapid depreciation, like Phoenix? Clearfund said that he thinks Phoenix has bottomed, and Vegas is close, but fears that there is more...
If you were a lender or mortgage servicer, you'd be thinking about adjusting your "liquidation strategies" right about now. The foreclosure moratoriums provided some delay of the inevitable, but ultimately were good for nothing. Thankfully, you don't hear anybody...
The REO in the village of Carlsbad finally listed today. The list price? $601,900. I mentioned that my BPO was $599,900, but the video must have been powerful. Of the record 92 guesses, only 19 were under $600,000, and 20 were OVER $700,000! I appreciate the...
What do you do with this REO in the Ranch? Remodel? Tear down and build a monster? For people who just want to get into the Covenant at a lower price, this might be a viable option just the way it stands:
Somebody was already happy to post this in the youtube comments: Your video on the Bluewater Crossing project is very uniformed. First, Trammell Crow didn't design the project, another developer did. The ultimate doomed project was the collaboration of a Planning...
It has been a wild 6-7 months - ever since March when mortgage rates dropped under 5%, the buyers have been very active. Many here thought that worsening economic news would temper buyer enthusiasm, but lately it's ramped up instead. Why? In our first installment we...
What's the common denominator amongst today's buyers?
The bidding wars are intensely competitive, and without laws or regulations - anything goes! It is pretty impressive how many buyers are hanging in the fight, and willing to bid higher than list-price. Nobody likes it, but the multiple frustrations along the way make...
duncbdunc left this comment a couple of posts back: "By the way, there is something that I’ve wanted to mention to you for a while and since this is an old thread that nobody’s looking at anymore, perhaps this is a good time to pipe in." "Many of my friends,...
3clicks wrote: "While I embrace the Internet for many reason, It would be used by some as another way to disguise the snake oil." Agreed, but once every listing has a video it will cut down the deceit. Videos should be mandatory, and they'd especially help the...
