From the U-T: http://www3.signonsandiego.com/stories/2009/sep/13/nations-housing-kenneth-harney/?uniontrib When homeowners negotiate a short sale with lenders, they sometimes assume there will be relatively little impact on their scores. After all, the loan was...
The Gamble House in Pasadena is one of the most significant houses ever built in America, and a quintessential example of the Arts and Crafts movement. Here are two descriptions, under their links: http://www.galinsky.com/buildings/gamble/index.htm The David B....
Alan Gin had to comment on the latest SDAR report: from sddt.com: The median price of detached resale homes in San Diego County rose for the fifth straight month in August, while sales dipped slightly. A report from the San Diego Association of Realtors (SDAR) showed...
My second REO assigment in the last two weeks, after a couple of dry months - could this be the beginning? I think it is, but the quality isn't great yet, at least of the ones they send me. This 1,245sf house on Paseo Ajanta in Rancho Penasquitos will probably need...
Downsizing baby-boomers could end up causing real estate's biggest leg-down of all. from the N.Y. Times: http://www.nytimes.com/2009/09/10/garden/10nest.html?pagewanted=1&ref=todayspaper In the quaint central Connecticut town of East Haddam, Bill and Rose-Marie...
Thinking about moving to the country, yet not too far out? How about a newer 3,110sf custom home in the foothills of Vista? My new listing, please take it easy on me: From Sunset magazine: ZONE 23. Thermal Belts of Southern California's Coastal Region Growing...
Areas like Rancho Santa Fe are prime for sellers who list at reasonable prices. The REOs look GREAT when there are so many houses not selling (344 detached active listings today in the Ranch), and besides, everyone in Rancho Santa Fe wants to steal one from the bank!...
Lately, there have been a number of inquiries about investing in real estate. Even though there is some frothy-ness going around, be careful! Below is an extreme example, but demonstrates how quick, and how bad, a deal can go wrong for a participant, in this case the...
A few more bank-owneds in Del Mar, Solana Beach, and Encinitas in this youtube video:
While this is supposed to be a tour of mid-market REOs, there is a 4,745sf bomber slipped in that will help demonstrate the substitution effect. Last year there was a $1.895 million cash sale on Amber Lane, and two others are for sale now for $2 million. But now that...
