Excerpted from Robert Shiller's editorial in the nytimes.com: Traditionally, we think of eminent domain law as applying to land and buildings. For example, a government can use eminent domain to seize real estate along a proposed new highway route so the highway can...
The latest REO in Del Mar/RSF that buyers will probably consider a "bank deal":
Hat tip to DOB for sending this in, from telegram.com: As David vs. Goliath struggles go, they don't get much more lopsided than a lone muscle-car enthusiast going up against a mega-bank with more than $2 trillion in assets. But that's exactly what Aaron Dahrooge of...
Remember this REO listing in La Costa Greens? It sold for $1,348,000 when new in 2005, but after the bank foreclosed in 2009, they listed it for $891,000 - which sparked a bidding war and it eventually closed at $990,000 on 11/5/09. It just sold again...
Surprisingly, both NAR and Diana at cnbc.com got it right when they blamed the low supply for declining sales. Inventory is reported down 20% from last year nationwide. But when you look at our sub-market of La Jolla-to-Carlsbad, sales aren't declining - in fact,...
Another bank-owned old-Spanish big bomber in the Covenant: http://www.sdlookup.com/MLS-120031540-3214_Cerros_Redondos_Rancho_Santa_Fe_CA_92067
From the utsandiego.com: Landlords and property owners aren’t allowed to throw away TVs, clothes and other unwanted items tenants routinely leave behind in rental units after they move out. The steps property owners and managers are required to take under California...
We have an unusually low amount of homes for sale (blue line) during the prime selling season - last year we had almost twice as many houses for sale, then we have currently. I think it is part of the precision in the marketplace. Any seller who prices reasonably -...
From HW: The Federal Reserve and the Treasury Department are considering a program that would lend to banks at very low rates so long as those firms will re-lend the money in the form of consumer loans such as mortgages. "We're very interested in it," said Fed...
When trying to price a new listing in a hotter area these days, it helps to have experience from the frenzy era. We gave extra credit to the most recent sales, and hope to feed off the two new pendings that occured this month. We slipped this into the thin group of...
