There has been a rebound lately in the number of weekly trustee sales resulting in REOs, but still relatively low numbers overall, compared to where we think they should be: Below is the quarterly chart for the last three years. Even though the foreclosure moratoriums...
The latest Case-Shiller/S&P report, the index measuring same-house sales, has the March numbers out today. They noted, "San Diego, in particular, has stood out with 11 consecutive months of increasing home prices."...
In the peak 2005-2006 era, there was only one house that sold under $1.5 million in Rancho Santa Fe's Covenant. Two Covenant houses have sold under $1.0 million in the last week - both on Via de la Valle. Here's a tour of one of them:
We know it's the wild, wild west, and that short sales are tough to navigate because each listing agent determines their own rules. As a result, more trends are developing along the way:
From Lansner at the OC Register- and a novel concept; appraising the same houses: Real Estate Research Council of Southern California has a most unusual home-valuation technique: Twice a year, the group gets volunteer appraisers to review the same, exact homes from...
These new tracts in northeast Carlsbad seem to have decent pricing, with 1,753sf homes starting in the high-$400,000s on the lower end, and 3,000+ square footers in the mid $600,000s. But even with the tax credits, they have only sold half of the homes released in the...
Although this was a $500,000 haircut off the 2005 purchase price, there were several mis-steps along the way that could have mitigated the loss:
Is there a real estate revolution available, beyond just a fancy new MLS website? Zip Realty has blazed the trail. They offer: Their own search website Rebates Phone Apps Salaries to agents Catchy name, and national exposure Their website is of particular interest. ...
We've had some recent banter on previous posts about creating a public/open MLS website. The idea has come up before - CA renter summed it up yesterday: Jim and I have discussed this open MLS concept in the past, but it was difficult to come up with something that...
Thornberg hasn't been a big cheerleader, so this report is curious - from the U-T: County home prices, which began to recover last year, will continue rising but at a slowing pace as government stimulus programs expire, Beacon Economics forecasters predicted Friday....
