Back in the day these old Covenant bungalows would fly off the market, and big-bomber spec homes be built....and sold for top dollar. These days? They just lowered the price here last week (they started in July at $1.89), now 56 DOM:
Hat tip to TW for sending this along, from Bloomberg: There’s at least one economic policy issue on which Federal Reserve Chairman Ben S. Bernanke, President Barack Obama, and Republican leaders in the U.S. House of Representatives agree: All say it’s time for the...
I checked the tax rolls by zip code to count the SFRs in our regular North San Diego County Coastal region (La Jolla to Carlsbad). It showed 67,918 single-family residences. We have been averaging 200 detached sales each month since 1/1/09 in NSDCC, which works out...
From yesterday's comment section, regarding BofA quadrupling their NODs locally last month: More foreclosures would increase sales? Prices go up? JtR, are you kidding? Everyone knows foreclosures tank home values! Hang with me. Let's say they are serious, and it...
Hopefully this is a sign that a bank is going to take the lead and test my theory that more foreclosures will stimulate the market - thanks to Gordon for sending this along from www.cnbc.com: Bank of America is ramping up its foreclosure processing, sending out far...
Hat tip to DOB for sending this along from the wsj.com - mistakes when buying rental properties: Traditional investments are delivering low returns, and home prices are at bargain levels. Is it time to consider buying some rental housing? Investing in real estate...
Sellers waiting for the lucky sale deserve to know about the potential trip hazards along the way. Listing agents who use the Triple-P marketing plan (put lockbox on, put sign up, and pray) won't see the foreclosures until it's too late - hire good help!
Dave, who has a good sense of humor, wanted to give me an idea of what he was looking for in a retirement home. Here are his requirements, and he'd like to keep it under $800,000: MY THOUGHTS ON RETIREMENT I realIy don 't want to stay in Arkansas forever, yet the...
Achieving space maximization and privacy were factored into this design, in view of the house’s close proximity to neighboring units. As a result, the internal spaces face inward into a multi-functional courtyard which acts as circulation pivot, light well and...
Typical realtors expect buyers to pay the seller's price. They don't like conflict, they struggle with valuations, they aren't professional salespeople, and they get pushed around by the sellers and/or other agents. Because they aren't that good at handling their...
