This new tract at the top of the hill in Carlsbad couldn't have timed it much better, with the overall market being fairly steady since they opened. They're one of the few new-home tracts in the Encinitas school district that have ocean views, and are now selling from...
Month: April 2010
UT’s Market Rebound
From the U-T: University of San Diego economist Alan Gin said he is optimistic about the housing market because the economy looks more promising. “The economy is starting to rebound,” Gin said, “so the question is, can the economy rebound fast enough to save people...
WaMu Exposed
Carl Levin is the chairman of the subcommittee that investigated the WaMu disaster - from the latimes.com: "Washington Mutual built a conveyor belt that dumped toxic mortgage assets into the financial system like a polluter dumping poison into a river," Levin said....
Double Down in La Jolla
This footage was taken in December when both houses were for sale. The agent had told me that he would submit our offers of $1.2 each, that is until a female agent said she'd submit the same, and he forgot all about me. Later he raised the prices to $1.5 million...
Distressed Inventory Count
If you're trying to gauge your chances of finding a seller who is distressed, here are the number of detached properties that have listed on the MLS as short sales (SS), bank-owneds (REO) or regular sellers (Reg.), plus the number of SFR trustee sales completed...
Second Mortgages
From the W-S-J: After losing her condo in San Diego to foreclosure last year, Charissa Kolich thought that at least she was free of mortgage bills. But Wells Fargo & Co., which holds a home-equity loan made five years ago to Ms. Kolich, last month filed a lawsuit...
Yesterday’s drive
Who Gives a HAFA?
Bank of America is sending out emails confirming that they are participating in the HAFA program, and linking to the N.A.R. description: HAFA Provisions Complements HAMP by providing a viable alternative for borrowers (the current homeowners) who are HAMP eligible but...
Leucadia for $799,900
How about my new listing in Leucadia, just in time for a double cheeseburger? Three bedrooms/two baths, 2,076sf built in 1955 with a private one-bedroom legal unit currently rented for $1,050/month but perfect for guests or in-laws! Walk to Leucadia Donuts too!
Random Observations
The spring selling season is wrapping up. I think it's already over, but there will likely be a flurry of activity during the next couple of weeks in the under-$800,000 market, It will be impressive if we see a group of sellers who waited until now to list their...