With the strategy of not-foreclosing working so well for the banks, you can probably say that REO and short-sale listings are winding down. How did we do? While it is likely that REO and short-sale listings will continue for years, the media keeps touting how the...
Month: December 2012
Blue Christmas
It's time to get into the holiday spirit with the King:
Short-Lived Shortage?
Here is an indicator to measure how the market gets started in 2013 - count the new listings. We have seen how the inventory impacts the buyer mentality. When homes-for-sale are plentiful, buyers are more relaxed and deliberate. When there is a shortage of...
La Costa Town Square REO
La Costa Town Square is a mixed-use development that is starting construction in SE Carlsbad. There will be 253,000 sf of retail, 50,000 sf of office space, a gas station, and 98 homes built by Davidson Communities and Taylor Morrison. It also happens to be adjacent...
Putting The Right Value On It
It sure seems like a frenzy when you hear about the lowest rates ever and Southern California median prices going up 17% year-over-year. But there isn't a rising tide that's floating all the boats higher - lots of homes aren't selling. It would be simple to say that...
Real Estate and IRAs
With the housing market showing signs of stabilizing, investors are turning back to real estate. And an increasing number of affluent savers have been using their retirement accounts to purchase homes, rental apartments, and other properties. Done properly, such a...
Another SEH Model
The Plan 2 model at Bella Vista, which is similar to the Sandalwood floor plan in La Costa Oaks:
Orderly Frenzy
We saw economist Dean Baker comment about the California real estate market from his perch in Washington: “The speculators likely have pushed prices above where the market would put them in some markets,” he said. Have prices risen too much already? It doesn't look...
Moisture and Hardwoods
While most folks would prefer to stay away from any water problems, if you do get stuck with one, don't despair. Money will fix it!
San Diego View
On a clear day you can see from San Marcos to Mexico! From Mt. Soledad in La Jolla (click on image to enlarge):