Hat tip to Susie again - this from Bloomberg.com: Billionaire Mark Zuckerberg is giving new meaning to the term “the one percent.” The Facebook Inc. founder refinanced a $5.95 million mortgage on his Palo Alto, California, home with a 30-year adjustable-rate loan...
Hat tip to Susie for sending this in from our friends at abcnews.com! It's the Spruce Goose of homes -- American in its super-sized scope and confusion of styles. And the American Versailles differs from its historic namesake in a few key ways: It's still under...
Bank of America now requires all parties (sellers, buyers, and both agents) to sign this disclosure: B of A Short Sale Buyers-Disclosure-Addendum Excerpts from Page 3, regarding the agents: Licensee representing Seller acknowledges and agrees that, in his or her...
We know that median prices are a terrible way to gauge pricing, but they can indicate the relative temperature of the higher-end market. If we see the median price rising, then there are more of the higher-end homes selling than in the previous period. Here are the...
This was an accidental example - these two houses just happened to list a day apart. But it demonstrates a previous point about how an active listing nearby can help sell a neighbor's house: The first house has two offers in on it, but I'm guessing they are in the...
The spring selling season has certainly been lively - there were healthy increases in the number of sales around most areas in 2Q12. But in the end it might just look like another bounce along the bottom for pricing, as measured by the average $/sf. Here are the...
Recession talk is back in the headlines, which will liven up the debate about when to sell the house. If you are thinking of selling, consider the items that are closer to home which would not only have a direct impact on your success of getting top dollar, but be...
From sddt.com: In San Diego-Carlsbad-San Marcos, 28.2 percent, or 165,582 properties, of all residential properties with a mortgage were in negative equity for first quarter of 2012, according to CoreLogic. This is down slightly from the fourth quarter of 2011 when...
Thanks to SD_Coastal for tippng me to this beauty, a bank-owned unit in the Seahaus condominium in La Jolla's Bird Rock. Barratt American was the developer who has since gone bankrupt, making homeowners pursue other entities to fix the construction defects. Kelly...
From HW: Foreclosure sales dropped dramatically in three states last month, suggesting some state legislation is stalling the natural cycle of the market, ForeclosureRadar said Thursday. The new Homeowner Bill of Rights in California is expected to have a huge impact...
