There were a couple of panel discussion this week, one at USD, and the other sponsored by USC. USD's Mid-Year Economic Update provided some rather revealing scientific quotes: “When the history is written, historians and economists will decide Wiley Coyote was really...
What a difference three years makes: This owner had to be anticipating that the finished homes would sell for $1 million-plus.
The second quarter is wrapping up quick, so a great chance to win! Guess the number of detached sales in San Diego for 2Q09. For the tie-breaker, take a stab at the average $$-per-sf too. Here are the stats from the last few years: Year # of Sales $$/sf 2000 6,620...
Business Week had this article in April entitled "Good News: Option ARMs Resets Delayed", which included the latest Credit Suisse chart on recasting neg-ams: http://www.businessweek.com/lifestyle/content/apr2009/bw20090416_103126.htm Dr. Housing...
Today's L.A. Times is reporting that the St. Regis Monarch Beach in Dana Point is close to being foreclosed - their third mortgage of $70 million is in default: http://www.latimes.com/business/la-fi-numonarch10-2009jun10,0,7571143.story An excerpt: Business is so bad...
People wonder about today's homebuyers - how are they affording these prices? Most are using a larger down payment. A check of the tax rolls showed 91 sales of Carlsbad SFRs in May. Down payments: All-cash = 9 50-99% = 8 30-49% = 22 21-29% = 11 20% = 21 0-19% = 20...
A previously-successful developer takes on an ambitious beach project, pours millions of his own dough into it, hires a sales team but doesn't offer the homes on the MLS, and then runs into untimely delays, cost overruns, and a bad economy. Don't you lower the price...
La Jolla is the crown jewel of San Diego's Gold Coast - and where the real estate market has always been among the priciest (and craziest) in the county. Let's tour this 1,841 sf house in Bird Rock, built in 1960 - it's listed on the range $1,675,000 to $1,775,000,...
This is my 25th year in the business. I received my real estate license at the end of 1984, and moved to San Diego to start selling real estate. Interest rates had just come down to 13% - I thought I had better get in while the getting was good! Recently I was on...
The folks over at Crescent Del Sol Estates invited us back for a tour: The home featured in this youtube tour is offered at $2,900,000 - the other list prices range from $2,800,000 to $3,100,000. Speaking of...
