I ran into two of my favorite realtors today, and they were willing to seize the moment. We turned on the camera and talked about real estate, based on our cumulative 72 years experience!
Realtors Talking Shop, Part 1
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Month: September 2011
Big Shuffle
For those focused on pricing, here's another angle to examine what's been happening lately. We've been worried that the higher-end homes would cause pricing squishdown, but there hasn't been any obvious big drops lately. The Case-Shiller Index for San Diego has given...
Fed Move Won’t Affect Housing
The Fed's annoucement of buying longer-term treasuries is a nothing-burger for housing. Any benefit of lower mortgage rates will be scooped up by the lenders, not us. You might see an occasional high-3% offering, but is it even necessary? I don't think so, buyers...
Home Prices Limit Productivity?
From the WaPo (click on link to see some good comments too): Americans have been migrating from coastal states such as New York and California to Sunbelt mainstays such as Texas for quite some time now. But why? Are wealthy New Yorkers fleeing from oppressive tax...
Another Grandma’s
These estate sales are about the only chance you have of getting a prime beach location with good ocean view at a decent price - you can fix the rest!
WAG
From sddt.com: The outlook for California's residential real estate market may be dubious, but there are some bright spots in San Diego County. Leslie Appleton-Young, California Association of Realtors chief economist and Robert Kleinhenz, CAR deputy economist,...
Senior Does Strategic Default
From foxbusiness.com: Gene Kessler, 67, may be the new face of mortgage default. The tech industry retiree is in the process of walking away from the home he purchased for $166,000 in 2004 in a small town 75 miles southwest of Minneapolis. Its value has plummeted to...
Auction Bust
A "reserve price" spoils another auction - from latimes.com: The auction of a custom-built mansion along Malibu's "Billionaire's Beach," so named for its wealthy homeowners, hit a snag Sunday when it failed to generate an acceptable bid. Although the bidding started...
Money No Object?
This is a little spendy but it would be a cool place to live:
Carlsbad Approves Desal Deal
From the U-T: A water agreement between Carlsbad and San Diego County will mean clean drinking water for residents but could ultimately defer some of the city’s redevelopment dreams. City Council members Tuesday approved a contract with the San Diego County Water...
