Thanks to the several readers who sent in Saturday's article by David Streitfeld in the N.Y. Times. For more color, here's a link to CR's post, and it's ensuing 445 comments. The article can be summed up here: As the economy again sputters and potential buyers flee —...
Month: September 2010
Closer Look at VP
The Vantage Point complex has 679 condos, and at the end of August the owners said that they had about 200 renters living there when they suspended sales. You don't always need window coverings in a high-rise, but it doesn't look like anyone is living in the north...
Not So Fast with the Cheese
Hat tip to SM for sending in this from CNNMoney.com: Nearly half of all Americans who claimed the first-time homebuyer tax credit on their 2009 tax returns will have to repay the government. According to a report from the Inspector General for Tax Administration,...
List Low and Go!
Do you care to take a guess at the eventual sales price on La Cucharacha? If it sells fast enough, and the Padres can hold on, the closest guesser will receive a couple of playoff tickets!
Staple or Luxury?
The real estate market continues to be the Big Standoff between sellers and buyers here during the dog days of summer. While waiting for the action to resume, here's food for thought, from David Leonhardt at the nytimes.com: Of all the uncertainties in our halting...
More SD Housing Fraud
From nbcsandiego.com: Two brothers have been busted in a widespread real estate fraud ring, including 40 properties in San Diego County, according to San Diego County District Attorney Bonnie Dumanis. David Zepeda, 57, and John Zepeda, 59, both from San Bernadino,...
RSF Covenant Stats
Detached listings in the MLS that are marked as being in the Covenant of Rancho Santa Fe: Listing Status # of Properties Actives 130 Contingents 4 Pendings 8 Closed, last 30 days 2 Do you think the rest of 2010 might be somewhat quiet around the Ranch? The Covenant is...
REO Bulk Liquidations
From reoi.com plus thanks to tj and the bear for sending the photo - let's find a Blazer for sale!: Mariner Real Estate Management (MREM), a real estate investment and management firm based in Kansas, closed a deal to acquire a $760 million portfolio of residential...
More on Case-Shiller Index
Rich Toscano is much better at deciphering the Case-Shiller Index, click here to see how he sized up the latest June numbers - plus here are his charts to illustrate the trends: He sums it up in his last paragraph: As of June, despite having risen 17 percent off their...
Del Mar REO
Cruising through Del Mar on the way to check out a duplex that got foreclosed last week: