I haven't seen any official N.A.R. statement regarding an extension of the tax exemption of debt relief, but there was a mention here in the first paragraph from their tax counsel:...
Mortgage-Debt Forgiveness
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Month: March 2012
Adding A Little Mustard?
Another Investor said yesterday: Prices are going up in Phoenix, why wouldn’t they go up in San Diego? No foreclosure inventory, and as you say, buyers are everywhere. When buyers become resigned to paying something closer to the new listing prices or going home...
Just Another First-Timer
Most 18-year-olds would be happy to just have a big party to mark the milestone age, with a few token presents thrown in to boot. But Justin Bieber clearly isn't your average teenager as he's splashed out on a lavish mansion for a birthday treat to himself. The Baby...
Why Sell Now
The old adage, "Buy When Everyone Else Isn't", is a favorite. Currently, the reverse is true - it would be a good time to sell. With ultra-low mortgage rates, buyers are everywhere, looking for deals. But the inventory had dried up - all the good buys are in escrow,...
Foreign Buyers
An excerpt from an article of dubious quality from the latimes - thanks daytrip! Foreign clients bought $41 billion worth of stateside houses and apartments during the 12-month period that ended in March 2011, according to the latest tally by the National Assn. of...
Foreclosure Economy
Thanks daytrip for the support! From npr.org: Meet Willow Tufano, age 14: Lady Gaga fan, animal lover, landlord. In 2005, when Willow was 7, the housing market was booming. Home prices in some Florida neighborhoods nearly doubled from one month to the next. Her family...
Rat Pack-ish
This looks like a run-out old 1970's fixer in the San Marcos school district but it is on the best side of the golf course were you'll get afternoon sun and no golf balls! At the peak there were sales of $1.775 and $1.8 million on this side of the street! Regardless...
February Sales
Sales are holding up, in spite of the lower inventories. Detached sales from the MLS: Area Feb. Sales Feb. Avg $/sf Jan+Feb New Listings SDCo.2011 1,387 $237/sf 6,478 SDCo.2012 1,568 $225/sf 5,739 %chg. +13% -5% -11% NSDCC '11 166 $377/sf 936 NSDCC '12 181 $360/sf 784...
Aktiv
Hat tip to Sol and daytrip for sending in news about Ikea/Ideabox collaboration, this from psfk.com: Swedish furniture company IKEA, has collaborated with Oregon architectural firm Ideabox, to launch its first line of prefabricated houses in the U.S., named the...
B of A’s Free Lunch
From the latimes: Reporting from Washington— Bank of America said Friday it would reduce by about $100,000 the amount owed by as many as 200,000 underwater homeowners as part of the recently announced government foreclosure settlement with top mortgage servicers. BofA...
