This was on the bubbleinfo twitter a couple of days ago, but this excerpt deserves specific attention for those who are wondering who is creating the floor in the market: Blackstone, the world’s largest private-equity firm, has spent about $1.5 billion on 10,000...
It is getting easier to investigate realtors on-line. We've already seen that www.neighborcity.com allows you to research an agent's recent sales history. The realtor-groups that pool all the team's sales under one agent are still deceiving (Redfin and...
This is a good example of being close, but not close enough - buyers are very picky:
Those who are underwater aren't "trapped" in their homes, they are free to move. The system has been very generous, and even if the Congress doesn't extend the debt-tax relief, the banks will be processing short sales to enable the underwaters to move - without having...
Because the MLS is manually-inputted, the Mello-Roos can be inaccurate for time to time. You can confirm the Mello-Roos amounts by checking the CFDs here: https://www.sdctreastax.com/ebpp3/(5loehyyzhblz2l55l12elji1)/Start.aspx This listing is marked contingent, so...
I was quoted yesterday by an AP reporter, who was doing a story on the last month's sales that included a very sexy headline, "California Home Prices Rise 19% in October": Jim Klinge, a broker in north San Diego County, said one of his customers bid on 14 properties...
This song was released in 1970 and was inspired by an act of police brutality at an anti-war rally in Berkeley - plus here's Marvin's famous rendition of the SSB at the Forum:
After two foreclosures and two bankruptcies, Hermes Maldonado is as surprised as anyone that he's getting a third shot at homeownership. The 61-year-old machine operator at a plastics factory bought a $170,000 house in Moreno Valley this summer that boasts...
This REO received the standard bank-fluffing, but it'll need more work before being worth what it sold for last time - $996,000 in 2006:
La Jolla, CA---Southern California home sales rose sharply in October as move-up buyers joined investors, shifting the mix of homes selling up a notch as foreclosure resales hit a five-year low. The median price paid for a home rose nearly 17 percent from a year...
