Will the impending financial meltdown in Europe affect our local real estate market psychology? It's not certain if they will let the disaster unfold - they might just employ more can-kicking devices. But if you see European countries going into full...
After you pay repair/improvement costs, a 2.5% commission, holding costs, and income taxes - not to mention the risk involved - is this flip worth the trouble? The agent had in his remarks that the last sale of this model was $848,000, wouldn't you think he'd try for...
From the latimes.com: After a year characterized by grumpy partisan gridlock, Congress came up with a Thanksgiving compromise that could change the mortgage choices of buyers and refinancers in more than 660 markets across the country: It raised maximum loan limits...
Excerpts and graph from the Economist: MANY of the world’s financial and economic woes since 2008 began with the bursting of the biggest bubble in history. Never before had house prices risen so fast, for so long, in so many countries. Yet the bust has been much less...
Hat tip to JD for sending this in from the latimes.com: For a clue to why California is losing its allure as a place to settle down, just ask Jennifer McCluer, who moved out of California in 2007 after she obtained her license in skin care. Unable to afford Orange...
Being close to the beach with some ocean view was considered a real positive at the peak, but in today's environment, will buyers overlook the negatives?
Hat tip to ProfHoff for sending in this update from sfgate.com: Many California homeowners may be surprised to learn that some charges on their property tax bills are not deductible on their income tax return. The Franchise Tax Board is on a mission to get California...
Just like the cliff-front homeowners of La Jolla Shores/Farms have to get used to the hang-gliders, those looking for a home around Fairbanks Ranch or the north side of Carmel Valley should know before they purchase that they will have visitors from above:
Thanks to the reader who sent this in, from the tampabay.com: Tampa condo owner Alejandro Salazar was surprised to learn that Clearwater lawyer Bruce Harlan was representing him in a foreclosure case. Surprised because Salazar never met Harlan, didn't hire him and...
A youtube tour of one of the better properties we've seen this year, flipped by some of the best in the business - and fans of the blog!
