From the WSJ/Trulia: "Why on Earth would you buy down here when you can rent?" asked a friend of mine in Miami Beach not long ago. "Buying is so over." He promptly moved to Manhattan for work reasons–and bought a $1 million loft on the Upper West Side. Note the...
This youtube video tour of recent sales around 92130 starts with two detached 2,408sf condos in PHR that closed in the $600,000s. In the peak era (2005-2007) when these were new, there were 24 of them that sold over $800,000. Yes, these two could be called outliers...
From SFGate: Jose Vega was on the phone with JPMorgan Chase in April negotiating a loan modification when a real estate agent knocked on the front door of his Pittsburg house and said it had been repossessed in foreclosure a day earlier. "I literally handed the phone...
From the WSJ: The real-estate lobby wants Congress to extend the amount of time that potential home buyers have to complete transactions that qualify for the $8,000 federal home-buyer tax credit. To qualify for the tax credit, buyers had to sign purchase agreements by...
Hat tip to dough, and as seen on CR from cnbc.com: This morning executives at Bank of America rolled out their new "Principal Reduction Enhancement" program, which is an earned principal forgiveness plan for borrowers behind on their mortgages and whose loans are at...
Mozart reminded us yesterday of his upbeat outlook dating back to last May, and a search of the records found this quote, from May 19, 2009: "Like it or not, things are getting better. Home prices and incomes are balanced. Things are still tough but stability is great...
The Fiesta Del Sol, sponsored by the Solana Beach Chamber of Commerce is coming up this Saturday and Sunday. Included in the musical lineup is Dick Dale, playing at 4pm on Sunday - if you haven't seen him play and want to appreciate real surf music, he is the...
I mentioned in the previous post's comment section that I thought my advice was conservative in nature. It sounded vague, so here's more detail. It's hard to believe that buyers overlook the low comps created by realtor shenanigans. Here's an example, one of many...
