More video of higher-end tract homes being flipped in Carlsbad:
Guts and Some Glory
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Month: November 2012
Open Bidding/Transparency Live!
Welcome! My friends at Business Insider publicized the open bidding event today: http://www.businessinsider.com/southern-california-home-auction-2012-11 We listed this 1,541 sf house on November 2nd for $399,000, based on these model-match sales: $360,000 - July, 2012...
Container Condo
The first U.S. multi-family condo built of used shipping containers is slated to break ground in Detroit early next year. Strong, durable and portable, shipping containers stack easily and link together like Legos. About 25 million of these 20-by-40 feet multicolored...
More Optimism
During a roundtable discussion with Bloomberg’s Mark Crumpton, housing market analysts, chief executive officer David Stevens of the Mortgage Bankers Association, CEO Jerry Howard of the National Association of Home Builders, CEO Michael Feder of Radar Logic and...
Flood of New Listings?
What could slow down rising prices? It depends on the inventory. We've been seeing a late-season surge in sales over the last couple of months, but has that caused more sellers to jump in? Nope, new listings have remained throttled. Here is how this year's combined...
New on SM Hilltop
Everybody is pushing it. Not only are these guys selling new 3,700sf houses with ocean views in the low-$900,000s in SEH, bnt the seller of the contiguous parcel (that this builder hopes to purchase) has raised his price too!
Calp, Spain
The extremely steep plot of land offers such spectacular sea views that it invites one to spend time, relax and do nothing. A piece is incrusted into the sloping land, maintaining its natural profile which is overshadowed by the house on top....
Short-Sale Babble
Realtors fawning all over themselves - from the dt: Short sales remain the better choice over foreclosures for both banks and homeowners, and local real estate experts believe the number will continue to increase, unless the Mortgage Forgiveness Debt Relief Act is not...
Peak Pricing Coming to CV
There have already been a smattering of CV sales at or above peak pricing, and I said today that within two years the 92130 detached-home sales will be at or above 2006 prices: Sept 2006: 32 sales, $370/sf. Sept 2012: 43 sales, $326/sf. Statistically, we're only 13%...
Shiller’s Ivory-Tower View: Risky
Here's Shiller being his normal conservative self, saying that we will see a lot more underwater homeowners defaulting, and those foreclosures leading to additional inventory of unsold homes. But did say that his futures index is expecting a 3% annual price increase...
