California's Homeowners Bill of Rights will add an estimated $30,000 of legal exposure into each and every non-judicial foreclosure, according to a white paper released by Robert L. Jackson and Associates. Intended to educate loan servicing professionals and the...
The active listings of detached homes from La Jolla to Carlsbad: Date NSDCC Listings Avg. LP $$/sf Jan 14 649 $722/sf Feb 4 667 $716/sf Feb 10 679 $713/sf Feb 25 678 $719/sf March 6 727 $703/sf In February, there were 369 new listings, and 297 listings that went...
As of tonight, this REO is still marked as an active listing. Yet the agent responded with the typical supreme confidence that permeates the business these days. He sent this via a text message, "Sorry, but you're way too late to this party. We had 30 offers. The...
Hat tip to Drum Bob for sending this in on boomers - an excerpt: According to data from the American Housing Survey, from 1989 and 2009, 80 percent of new homes built in that era were detached single-family homes. A third of them were larger than 2,500 square feet....
Over the past two decades, a net 3.4 million people have moved out of California for other states. But contrary to conservative lore, there has been no millionaires' march to Texas or other states with no income tax. In fact, since 2005 California has experienced a...
Scroll over areas to see Zillow's estimate of those underwater, and the percentage of those that are delinquent. Even in the worst-affected areas, the vast majority of underwater homeowners are making payments. For those who are wondering, 42 homes have been...
Peak pricing is approaching in several spots - how much higher will it go? Buyers would love to see the sales momentum get disrupted, and if something happens they will be happy to hit the brakes. At the same time, those gambling sellers who waited too long will jump...
In terms of a housing recovery, San Diego is moving like a swift tortoise but not quite a hare, the president of Meyers LLC said at Conversations 2013, hosted by the North San Diego County Association of Realtors. “We are truly in a recovery," Timothy Sullivan added....
The lower-end average pricing has been steadily rising about 1% per month, resulting in 10% to 12% annual appreciation (the Under-$1,000,000 market saw a 12.8% gain in their average pricing for Feb. 2013). NSDCC Detached-Home Sales for February Under $1M Feb. Sales...
The looming real estate crisis in China, from 60 Minutes:
