A moment at Windansea Beach in La Jolla, plus a snippet of a recent 2-hour show:
Beach
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Year: 2011
Same Old Nothingburger
Thanks to the few readers who sent in the links about the Fannie/Freddie executives who had civil lawsuits filed against them today - but it doesn't look like they will be facing jail time. Excerpted from the AP: In a lawsuit filed in New York, the Securities and...
NAR Still Doesn’t Matter
From HW: The National Association of Realtors is in the midst of revising its core home price index. While the move may be a concern to some, fellow HPI service Zillow said it isn't affected by the revisions. "NAR's rebenchmarking is not impacting Zillow at all," said...
8 Offers in December!
Listen to JtR cast seeds of doubt. P.S. We won the bidding war! Map here:
USD Conference
From the sddt.com: The nation’s economy is five years into a 10-year recovery cycle, according to Douglas Duncan, Fannie Mae chief economist and vice president. National housing prices have another 3 percent left to fall, excluding distressed sales, and could fall...
Low Point for Rates?
Hat tip to JD for this this along, from the wsj.com: Ben Bernanke lives in a three-bedroom, 2,100-square-foot, attached town house near the Capitol. It has an appraised value of roughly $850,000, not far from the $839,000 he paid for it in 2004. A public record search...
Bugatti Veyron Super Sport
Hat tip to Mr. T for sending this along:
Exquisite
The 92014 market has been red hot this year - another example:
NAR Circus
People have been sending in the links to the story about the NAR sales recount. http://www.cnbc.com/id/45659547 NAR has always been irrelevant, and will always be - they are a joke. They don't do a hard count of the actual sales; instead, they estimate the sales...
Vegas Construction-Defect Scam
Excerpted from bloombergbusinessweek.com: As Las Vegas’s housing supply exploded, so did the competition among lawyers and contractors to represent new homeowner associations in so-called construction-defect lawsuits. It was in this environment, according to plea...
