Nate, I'm sorry if I came on a little strong on Saturday about the Case-Shiller Index. It has been bugging me for a while, and I might have took it out on you. Let's take a closer look at it. In the past we haven't had a 'reliable' way to measure home prices, and just...
Hat tip to SM for sending this along, from the nytimes.com: The Obama administration on Tuesday will launch its most ambitious effort at reducing mortgage balances for homeowners who owe more than their homes are worth. Officials say between 500,000 and 1.5 million...
From the WSJ: In what might be labeled a fire sale, J.P. Morgan CEO Jamie Dimon has chopped the asking price for his Chicago home by more than 25%. We’ve previously written about Mr. Dimon’s trouble selling the regal 13,500-square-foot home with eight-bedrooms and...
The usual.....price is firm, not giving it away, don't have to sell, it's special, better than the rest....
CA renter asked about the story told where the homeowner claimed that he used a down payment of $120,000, but records show that his purchase was financed 100%. How can that happen? There has to be a conspiracy to commit fraud, where the $120,000 gets laundered...
Another review of the August detached-home sales is in order, due to requests for a more complete list, but also to examine the Case-Shiller claim that San Diego prices have gone up 14 months in a row (non-seasonally adjusted), and a cumulative 11% in the last year:...
There are some newer estates mixed in with the funky old beach cottages and flower fields of Leucadia, 92024. Here's a 3,838 square footer that sold for $1,895,000 when it was new in 2006:
From Bloomberg: The housing market is showing progress two years after the credit crunch drove down home prices, though it’s too soon to “declare victory,” Housing and Urban Development Secretary Shaun Donovan said. “It is too early to certainly declare victory,”...
From reoi.com: The total bill for the homebuyer tax credit so far, as reported by the Internal Revenue Service, stands at $23.5 billion. About $16.2 billion of that is for the $8,000 (Recovery Act) and $6,500 (Assistance Act) grants shelled out to first and...
This youtube video shines the spotlight on Carlsbad's La Costa Oaks development, one of the four villages subdivided by Morrow Development (La Costa Valley, La Costa Greens, and La Costa Ridge are the others). As with other tracts sold at the peak, there is plenty of...
