From NMN: Nearly four out of every ten homes sold in 2011 have been purchased for cash on the barrelhead, according to a preliminary count by Housing Intelligence. Despite record low mortgage rates for most of the year, 38% of all homes sold will be all greenbacks, no...
The Case-Shiller Index for October, 2011 was published today, and the media is swamped with negativity. CR prefers the seasonally-adjusted; here are both for San Diego: San Diego CSI Sept Oct MOM % chg YOY % chg SA 151.67 151.61 -0.04% -4.5% NSA 153.72 152.86 -0.5%...
What's in store for 2012? I think we can assume that 80% or more of the listings are going to come on the market priced at least 10% to 20% too high over the next 4-6 months. The banks aren't pushing defaulters, and the elective sellers aren't going to give it away. ...
From usatoday.com: Three conspirators in a Valley mortgage-fraud ring say a Mesa minister with a worldwide following masterminded the scheme. A former loan officer, escrow agent and straw buyer who have pleaded guilty as part of a deal with federal authorities say...
For Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians, HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the...
A recent sale that closed for about 12% under its original list price after 34 days on market. In the new year, you can expect that the sellers will come out high on price.....keep an eye on them and try to lowball 30-60 days later when their showings drop to zero -...
I appreciate you being here - thanks for participating, and have a great 2012!
One of the better-looking houses that sold this year in Carlsbad:
From the Contemporist.com: This contemporary residence is designed to seamlessly open unto the panoramic coastal ridge-top site via expansive operable glazed walls. The glazed transparency is balanced and the home is anchored in place by substantial cut native...
From Bloombergbusinessweek.com: Dec. 23 (Bloomberg) -- The 30-year fixed-rate mortgage, the most common way U.S. buyers finance a home purchase, isn't the ideal instrument its supporters claim it to be. First, its dominance requires permanent government subsidies....
