If you wanted any more proof that the beginning of 2013 could be a dud, take a look at these two. It is feasible that you could make $300,000 on a flip, but when the purchase prices are available with a couple of clicks, buyers will expect that a major renovation has...
A premiere auction Saturday of the historic Villa Rockledge in Laguna Beach, an ocean front property built by Frank Miller, the man who had a hand in shaping the famed Mission Inn Hotel & Spa in Riverside from 1918 to 1922, has been cancelled. That's because the...
Our humble thoughts and prayers are with the families and friends of the victims of the Sandy Hook Elementary School tragedy. These senseless acts of random violence upon innocent people will hopefully be discussed until a solution or solutions are found to stop...
Kingside left this comment regarding the Norris seminar: http://www.thenorrisgroup.com/blog/news/real-estate-analyst-predicts-a-20-percent-increase-in-median-home-prices-in-california-during-the-next-year/ I attended Norris’s presentation at SDCIA on Tuesday. Well...
An excellent thought regarding the increase in pricing: The run-up in prices caught the attention of Dean Baker, co-director of the Center for Economic Policy and Research in Washington, who regarded the trend as “serious grounds for concern that these markets are...
Just a few stories from the street - many are not selling too: 1. An agent told me of an Irvine short-sale that he "comp'd" at $550,000, but listed for $525,000. They wanted to make the price attractive to sell it right away, and only did one open house. He had 37...
Even after paying a $67 million settlement to the SEC and being banned from the mortgage industry Angelo Mozilo, founder and former president of Countrywide Financial Corp still says his company never made a loan "that we knew the borrower could not pay." Mozilo...
A blog reader asks: I wanted to get your thoughts on pricing. As you mentioned we are up 17%, though wages are not increasing. Low rates, foreign buyers, and lack of inventory (whether artificially created or organic) are keeping things afloat. Do you see any kind...
Hat tip to Kingside for sending this along: Remember the days when residential real estate gained equity each year? It’s happening again in California, and a year from now homeowners could see as much as a 20 percent increase in the median price of homes across the...
Home sellers located in many Western metro areas are in a good position to benefit from locally strong demand and will likely hold the advantage in real estate negotiations, Zillow reported Wednesday. Interestingly enough, six of the top 10 sellers’ markets listed by...
