From the 10 Great Places to Retire in the US: Carlsbad, Calif. Price: $639,900 for 3br/2.5ba 2,352sf townhouse Area median price: $672,500 For $639,900, you could get this three-bedroom, 2.5 baths 2,352-square-foot townhome, with granite counters, a security system,...
Wells Fargo has been long-rumored to be suffering from their portfolio of second mortgages/home equity loans. This from TheStreet: NEW YORK -- The biggest cost ahead for large mortgage servicers may not be "robosigning" settlements or buying back bad debt - it's the...
From factcheck.org Q: Does the new health care law impose a 3.8 percent tax on profits from selling your home? A: No, with very few exceptions. The truth is that only a tiny percentage of home sellers will pay the tax. Only those with incomes over $200,000 a year...
The MERS debacle will go on for years, and be full of legal wranglings along the way. The biggest issue? The notes and trust deed have been physically separated by MERS, and according to the U.S. Supreme Court ruling in 1872, a mortgage has no separate existence...
All we need is more soundbites like this, and we'll be off to the races. Potential buyers who are gainfully employed and have ample resources will gravitate to these articles, especially when they're quoting the guy with the most negative foreclosure stats. From...
Comments in the latimes.com about September sales: "We are in the doldrums. Nothing much is happening," said Richard Green, director of the USC Lusk Center for Real Estate. "We are now kind of bumping along, not doing particularly well, but not doing any worse either,...
By Rob Davis at voiceofsandiego.org: Lake Mead, the vital Colorado River reservoir outside Las Vegas, hit a record low Sunday, The New York Times reports. The reservoir is the lowest it's been since being filled in the late 1930s, just 39 percent full. Millions of...
Musings about current market conditions - the sellers aren't happy about my lowball offers, but what else do you got? Expect that listings will be cancelling in disgust, with sellers thinking it'll be better next year. But selling won't be "better" in spring or...
Kris Berg reviewed the new Freakonomics movie, and how they criticize realtors for telling their clients to sell early. Just like in their book, they refer to a study that realtors wait longer to sell their own personal residences, and get more money. In the end,...
The foreclosure activity has been throttled around the coastal areas this year. There are only 27 La Jolla SFRs on the auction list, and the few that get foreclosed every month (26 this year) are fairly unremarkable. Here are the latest from the Jewel:
