The internet has magnified our quest for instant gratification. In real estate, the internet helps to stir up a frenzy by allowing a potential home buyer to search for an attractive property - and when they see a hot one, they'll look into it. But by the time they...
George asked for an explanation of the frenzy-like conditions we've been seeing lately. How do you explain it? Lower prices are the #1 contributor, and in Carmel Valley that means roughly 20% off peak pricing. Buyers are tired of waiting, and if the deal is seems...
from sddt.com There are five cities in San Diego County that experienced an increase in property tax revenues in the fiscal year ending in June 2009 despite the county’s assessed value being down 2.3 percent overall. Del Mar, Coronado, Solana Beach, Poway and...
According to the tax rolls the builder paid $425,000 cash in 8/2005 for this lot in a gated community in the hills of Pala in 2005. He borrowed $500,000 in 2006, and another $330,000 in 2007, to construct a 4,109sf one-story house on the 4.68 hilltop acres. They...
Hat tip to Tom for sending this along. Sean at foreclosureradar.com has published his latest report: https://s3.amazonaws.com/CA_Foreclosure_Report/September+2009+CA+Foreclosure+Report.pdf Excerpts: With 90,365 properties in inventory, banks currently carry about 4.77...
Who cares where the market has been, where is it going?? How do you know if the market is going up or down? Better or Worse? Monitor specific listings in your area. Rate each listing based on how well the list price reflects the value (and eventual SP). Does the...
Hat tip to my brother-in-law for contributing this story about the market in Vegas! http://www.cnbc.com/id/33310096/ On the first day, Katie and her husband saw 13 homes. Only three were anywhere close to move-in condition, despite the fact that all of the homes were...
What do you do now? You've been making offers but it doesn't seem like you are getting close to buying anything - with some listing agents you don't even get a response! The mainstream media makes it sound like prices are going up, but they don't explain why. The...
From latimes.com: In a flurry of end-of-session bill signings, Gov. Arnold Schwarzenegger approved seven new laws that provide a range of consumer protections to home-mortgage holders and may allow some to hold on to their houses. Late Sunday night, the governor...
Add these stats to the first clip in the video: His year-to-date SP:LP ratio is 102%, and his re-sale listings are averaging 10 days on market: jm-stats-2009
