Gary will be having open house 1-4pm here on Sunday - come by for a look! The address is 5169 Bella Collina:
One-Story with View
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Month: January 2011
Big Sur
Driving south on PCH through Big Sur, you can see a glint of sun coming off an A-frame home that's perched on the edge of the bluffs 600 feet above the Pacific Ocean. Recently restored/remodeled and offered for short-term vacation rentals, "Wild Bird" was designed by...
Mortgage-Market Idea
Excerpt of a new mortgage-industry idea seen at Bloomberg.com: New System We can’t rely on the same private mortgage system, which specialized in the production and sale of fraudulent securities and almost vaporized the global financial market. The Dodd-Frank law...
Ponto Carlsbad
There aren't many of the larger undeveloped lots left near the sand. It looks like one of them - the Ponto Beachfront Village - has broke ground:
More on Pines
http://www.latimes.com/business/la-fi-foreclosure-lawyer-20110114,0,632537,full.story
Shake It Up
What could improve the market? More well-priced product for sale, and more transparency:
Foreclosure Witches
From the WSJ: SALEM, Mass.—There's a certain look and feel to a foreclosed home, and 31 Arbella St. has it: fraying carpet, missing appliances, foam insulation poking through cracked walls. That doesn't faze buyer Tony Barletta since he plans a gut renovation anyway....
California Inbound/Outbound
From Jon at ocregister.com: Despite California’s economic challenges, the state was a draw last year — at least by moving van. Our compilation of annual traffic trends from three big van lines — United, Atlas and Allied — show that California last year had more...
Del Mar REO
Incredible how these still draw interest - the short sale down the street is in escrow at 10% over list:
Rumor Mill
Some days the project at hand doesn't tell much of a story, so it gets dropped. Today's idea was to check zillow's zestimates vs. actual sales prices in Carmel Valley, CA 92130. There were 21 detached sales since December 1st where zillow knew the sales price, yet...
