There were 3+ months between their purchase and first listing, plus they aren't trying gouge the next buyers like many flippers - something must have happened:
Accidental Flip
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Month: December 2012
Down-Sizing
The McMansion generation is in downsizing mode. Millions of Americans age 50 and older are looking around their spacious homes and are deciding they don't need all that room anymore. The kids are gone, maybe a spouse, too. And they could really use the money from a...
Net Decrease of Californians
About 100,000 more people moved away from California in 2011 than those who relocated to the Golden State, according to the latest report from the U.S. Census Bureau. The trend can be explained, in part, in monetary terms. Even in an economic boom, the cost of living...
SD Median Price Up 17%
The most recent local housing statistics show median prices of resale properties continue to climb, according to the Greater San Diego Association of Realtors (SDAR). The median price of single-family (detached) homes in San Diego County was $408,000 in November 2012,...
Fannie/Freddie Over-Paying Execs
Hat tip to SM for sending this in from yahoo: If President Obama gets his way, a lot of folks at Fannie Mae and Freddie Mac will be paying higher taxes in 2013 -- and not just the senior executives. More than 2,000 non-executive senior managers at the two firms were...
Stinson Contemporary
This 1400 square foot home is located on a small infill site in Stinson Beach, California (near San Francisco). The home has a combination of modern detailing and rustic materials. On the exterior, recycled fir ceiling decking offers a counterpoint to metal and cement...
More Chinese Buying in U.S.
As the U.S. housing market slowly starts to recover, foreign investment is helping it along. According to the National Association of Realtors, non-American buyers accounted for $82 billion in home sales last year. More than $7 billion of that is by the Chinese, who...
Prop 13 and Corporations
Hat tip to DOB for sending this article written by Willie Brown from sfgate.com: It's good to see lawmakers moving to fix one of Proposition 13's biggest inequities - the tax break that treats corporations differently from homeowners. That break is one of the most...
Effective 80’s Remodel
One-story homes are your best housing-investment insurance:
CV Seller Survey
I speculated here that half of the recent sellers were long-time owners, having purchased prior to the big run-up that started in 2003. Of the areas in NSDCC, Carmel Valley has the newest housing stock, yet a review of their November sales showed that 43% (13 of 30)...
