Initially this comparison of two sales on the same street had the appearance of an extra-wide spread; $810,000 to $1,100,000. But in the end it was about right - an add of 10% for a bigger south-facing canyon-front backyard, and a minus-5% roughly for short sales. ...
Building houses with more user-friendly features is gaining traction:
The flow of North San Diego County foreclosures has picked up nicely. Last year between January 1st and February 18th, there were 42 SFRs foreclosed, and this year there were 62, which is a 48% increase. Here's a look at a few:
From the nctimes.com: Two weeks ago, as Aaron Rodgers stood on a Texas football field covered in red, white and blue confetti and cradled the Lombardi Trophy in his arms, the Green Bay Packers quarterback and Super Bowl MVP was the most celebrated athlete in sports....
From the nytimes.com: WHAT does it take to hold your powerful bosses accountable if they try to bully you out the door? Documents, e-mails, a former deputy district attorney as your lawyer — and a never-say-die approach. Such was the lesson learned by Michael G....
These REOs are coming from two different sources so they don't all qualify for HomePath financing. But after seeing a few of them, I think we'll be able to draw one conclusion - Fannie Mae got stuck with the worst of the worst:
From the latimes.com: Federal prosecutors have shelved a criminal investigation of Angelo R. Mozilo after determining that his actions in the mortgage meltdown — which led to $67.5-million settlement against him — did not amount to criminal wrongdoing. As the former...
From msn.com: When Mikey and Zeina Kostelny found their first home in the suburbs of Altadena, Calif., it appeared to be a buyer's dream, complete with fresh paint, carpet and fixtures. But that dream quickly dissolved into nightmare after the sale closed in late 2008...
The "market" is a few buyers here and there with varying levels of expertise and motivations, so be reluctant to make general assumptions. But if you're a Leucadia buyer holding out for better pricing, this will make you cringe:
