HT to shadash for sending this in, from WaPo: The rush of capital into the banking industry over the past month is allowing firms to postpone the painful process of selling devalued mortgages and other troubled assets, a step many financial experts still consider...
Back in 2000-2001, there were some of us long-time real estate people that thought we were due for a downturn. Historically the market ran its full cycle every ten years, and 1990 was the previous peak. But thanks mostly to the 1997 rule that allowed homeowners to be...
We've seen it happening over the last few months, and Mozart noted that the third-tier list prices keep rising. According to housingtracker.net, the third tier median list price today in San Diego is $875,000, which is 13% higher than TWO MONTHS AGO, and 33% higher...
From the Associated Press: WASHINGTON - Federal regulators on Thursday charged Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp., and two other company executives with civil fraud. The Securities and Exchange Commission’s civil...
Hat tip to kwaping for sending along this U-T article on San Diego being 21% undervalued: Link to U-T article An excerpt: San Diego County used to be one of the nation's most overpriced real estate markets, as much as 40 percent above historic norms, according to the...
From the Associated Press: NEW YORK - The real estate market's troubles are hitting close to home for Treasury Secretary Timothy Geithner. After reducing the price on his house in a tony New York City suburb to less than he paid for it, Geithner still couldn't sell...
Where is this long, lonely stretch of pavement? Four tickets to Friday night's Padres' game to the first person to identify this location! Hint: I'll be there today from 1-4pm. You've seen those wimpy solar lights hanging on for-sale signs lately? They're not for me...
The developers paid $2,600,000 for this .98-acre lot in March, 2004. Three years later they were ready to go, and took out a construction loan with Affinity Bank for $11,874,000: While having you own personal elevator is quite a novelty, buyers may be a tad reluctant...
Are you thinking about buying a property at a trustee sale, and wondering about the competition? Here's a flipper who purchased this 2,031sf house in Oceanside for $294,500 in February, 2009, and sold it again in April for $390,000. (It was listed for $379,900, new...
These are the preliminary numbers of detached home sales, and cost-per-sf for May. While there are some signs of relative stability, all the hub-bub about the market improving hasn't translated down to sales increasing yet - or cost-per-sf: Town or Area Zip Code May...
