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Month: June 2011
Federal Share of REOs is Rising
In trying to keep my promise to post only NSDCC-related data, here's a national article from G-S, with NSDCC relevance at the bottom. Hat tip to Aztec for sending this along: As of 1Q, the number of seriously delinquent federally backed loans surpassed the number held...
Down-Payment Check
The original thought behind examining the size of down payments was to get a feel for the buyers' intentions - figuring that if they put down a healthy chunk of change, that they probably planned to live there long-term. But it also helps illustrate who is buying -...
Right Size
In SE Carlsbad, 92009 there have been 212 detached sales closed YTD, averaging $255/sf - lower because there have been a lot of these homes selling (19% have been over 3,800sf this year). List price here is $221/sf: A good rule-of-thumb: Buy today what you think will...
May Sales & Pricing Summary
The N.A.R. Existing Home Sales for May will be released tomorrow, and no one expects any sunshine. But the NSDCC numbers still look solid, compared to the last two years: Year # of Sales $/sf Avg. SP Median SP Avg. DOM Med.SP/Med.$/sf 2009 187 $322/sf $1,220,706...
Church House on the Water
On the river in Rotterdam, is a wooden church from 1930. The building has not functioned as a church since the 1960s, and had been used as a storage space and garage. The church was completely covered with aluminum sheeting and transformed into a storage company....
Banks Manipulating System
For those who think that any local real estate market could get crushed (further) read this article - it appears that the banks have foreclosures right where they want them. Hat tip to MB for sending this along, from the nytimes.com: Millions of homeowners in...
Tom T’s Remodel
Tom Tarrant is progressing on his Painted Lady remodel - go to his website for more info: http://tomtarrant.com/painted-lady-week-6/ Here's his latest video:
Backyard Preferred
Bouncing Along…
As CR pointed out yesterday, there are now several home pricing indicies. The one developed by FNC attempts to overcome the problems with the repeat-sale measurements - here is their explanation: One possible approach to address this dilemma is to consistently use all...
