Potential homebuyers use school test scores as a primary tool when deciding where to live, and how much they are willing to pay (they might add a little mustard to their offer price to be in a top school district). It is smart to own in a top-rated school district,...
Month: May 2011
Tighter Lending for Fixers
You may have heard me comment here that mortgage underwriting guidelines aren't really tighter now - they are the same as they always were, they're just being used now. But over the last few months one thing has gotten a lot tougher - how to handle repairs. It's...
Reason To Own a Big Lifeboat
Another clip of the tsunami in Japan:
Cheap As A Strategy
If my last two experiences exemplify their strategy these days, then Bofa has abandoned the idea of fixing them up to get top dollar:
The Safe House
Are you worried about security? Check out the Safe House, in Warsaw, Poland: “The most essential item for our clients was acquiring the feeling of maximum security,” begins the designers’ website in the summary of the structure. The house was designed so that the...
Coronado Condos
There are still markets where sellers are ignoring the obvious, and hope to keep values afloat. Some have held up remarkably well.....at least for now. Here's an example:
Double the Trains
From the nctimes.com: Surfers and other pedestrians routinely trespass as they cross rail tracks in Encinitas. By next fall, they could have a safer option. The California Public Utilities Commission approved plans Thursday for a $4.5 million underground pedestrian...
Fresh REO
I hope we can be your foreclosure channel - here's one that listed this afternoon:
Hide and Seek?
The photos of this REO look decent with the upgraded kitchen - but it unravels from there:
National Prices Not Rebounding
Hat tip to MG for sending this along, from HW: Home prices double-dipped in April, dropping 0.7% below the previous low in March 2009, according to analytics firm Clear Capital. Prices first reached a new low in California in March. But in April national prices fell...