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Pay cash for your next home or get a mortgage? Some wealthy home buyers are choosing both. It’s called delayed financing, in which buyers pay cash for a home and then take out a mortgage soon after closing. Rarely used even two years ago, experts say it has picked up...
The T-Bros have sold 41 of these, and are content to let the market come to them. They don't have standing inventory - like SP, they are building to your order, which adds an extra two months for permitting to the usual 6-month construction completion:
A reader sent in this note about selling a 1,190sf house in South S.F. listed for $549,000: Jim- Hope all is well with your mom. If you make it back up here on a social visit and have some time let me know. Just thought I would let you know I survived, and the house...
Bank of America Merrill Lynch revised its housing forecast upward due to a better alignment of supply and demand, and now predicts the S&P/Case-Shiller Index will increase by 5% in the fourth quarter over 4Q 2011. That translates into an average price gain of 2.1%...
What will happen in our local real estate market in the coming months? The election results give the impression that we can expect more of the same - low rates and mortgage-rescue programs. Our inventory is going to keep its same ultra-low appearance because the good...
If you like McMansions on decent-sized lots and warmer weather, Stonebridge in Scripps Ranch might be your cup of tea. These days I think all builders are going to struggle selling their interior lots - buyers will gladly pay view premiums, but expect bigger discounts...
How have home prices fared during the last administration? Here are the Top 10 cities (and the only cities) with an increase in their Case-Shiller Index between January, 2009, and August, 2012: City/Area % chg in CSI since 1/2009 San Francisco +14.4% Washington D.C....
Home prices were up 2 percent in the San Diego-Carlsbad-San Marcos market in September 2012 compared to September 2011, according to CoreLogic’s September Home Price Index (HPI) report. Prices, including distressed sales, are up 1 percent compared to August 2012....
The Centex tract known as 'The Ranch' built in the late 1990s in southeastern Carlsbad was a legend in its time - and the first real McMansions in the area. The first phase started in the $400,000s, and by the time they were done in 1999, the models were selling for...
IDAHO SPRINGS - A two-county SWAT team was sent to a home in Idaho Springs to evict a 63-year-old woman. The eviction happened last Tuesday, according to Captain Bruce Snelling with the Clear Creek County Sheriff's Department. "Usually an eviction doesn't call for a...
