Hat tip to daytrip for sending this in, from jalopnik.com: (1965 Ferrari 275 GTB above) According to a tip from a Jalopnik reader, the owner of 12 Ferraris — plus an incongruous but very cool Ford Thunderbird — also owned a real estate company that went bankrupt....
Lily has an article about the bidding wars and shortage of inventory downtown: http://www.utsandiego.com/news/2012/aug/30/downtown-market-update/ Buyers fret at the thought - and many will say, "I'm not getting in a bidding war!" Here are my thoughts on bidding wars:...
More of the estate-sale variety here. I mention in the beginning about how people don't talk much, but didn't reference it specifically to looking at houses. Here's a more typical example: Yesterday I was looking at a house and a passer-by invited herself in. I asked...
NAR President Moe Veissi praises new help for struggling homeowners. The Federal Housing Finance Agency on Tuesday announced measures to make “short sales” of underwater homes easier for homeowners, including extending help to people who have financial difficulties...
From NMN: The new platform of the Republican Party calls for downsizing the Federal Housing Administration mortgage insurance program and winding down the “size and scope” of Fannie Mae and Freddie Mac’s secondary market activities. “The FHA, which tripled in size to...
From desmoinesregister.com: Financial help is moving to embattled homeowners under the $25 billion national mortgage settlement that resulted from abusive foreclosure practices by some of the nation’s largest banks. Mortgage servicers spent $10.6 billion on principal...
From Loopnet.com Sale prices for multifamily properties in the metro area appear to have a seasonal cycle to them. The highs in the cycle tend to occur around June and the lows come around December. Over the past year sale prices have risen 1.6% to $132,006 per unit....
From BI: Conservationists are battling to declare the David and Gladys Wright House in Arizona a landmark before it is destroyed forever. Back in June, developer 8081 Meridian paid $1.8 million for the Phoenix residence, designed by architect Frank Lloyd Wright in...
Because the media only takes a cursory swipe at real estate data, are stories like this one enough to get buyers and sellers in the market? I said yesterday that I didn't think the buyers would change course - but those are my buyers! 😆 Will the more-casual...
With the lack of well-priced inventory on the market, those sellers who do list over the next few months should enjoy a nice extra pop - especially those on the lower-end of the price range in desirable neighborhoods:
