Our reader Stormin sent in this link to a guy who he has followed for years and says he is solid: http://dailytradealert.com/2013/04/24/you-still-havent-missed-out-on-this-incredible-opportunity/ Here is an excerpt: "I believe house prices in America will soar beyond...
Month: April 2013
Talking Heads
For many of us the transition out of the hard-rocking 1970s and into the punk/new-wave era was helped greatly by the Pretenders, and this band:
Carmel Valley Pricing Upsurge
It seems that everyone is looking for $400/sf around Carmel Valley now. At this pace, it may only take a few more months! Carmel Valley Annual Stats Year Median SP Avg $/sf Avg DOM 2010 $890,000 $340 53 2011 $892,500 $324 69 2012 $875,500 $327 58 2013 $975,000 $346...
Redefaults Rising At Alarming Rate
An excerpt from an article in the MND: While great efforts must be taken to avoid a future crisis and bailout the SIGTARP says, we cannot lose sight of the current TARP bailout. Wall Street may have recovered but Main Street has not. TARP was always intended as a...
Just Beginning To Show
The average pricing is climbing steadily now. If it weren't for the dip in January, the NSDCC monthly average would have been over $400/sf for six months in a row. This month is already at $426/sf! With most of the recent higher-priced sales just starting to close, we...
Archer Closed
The house featured in the Businessweek article closed escrow today for $610,000. It's my duty to properly expose the property to the entire marketplace - and conducting open house during the listing's first weekend provides maximum convenience for all. There were two...
Foreclosure-Relief Funds Mostly Unspent
Thanks to daytrip for sending this in from the latimes.com: An excerpt: Borrowers have faced major hurdles in trying to access the aid. Joshua and Catherine Brewster sought help after Josh lost his job as a legal assistant at Hilton Hotels when a reorganization moved...
Space Galore
Everyone has gone crazy:
Inventory Watch – Velocity Is Slowing
Casual observers won't notice the subtle change, but the active inventory of detached homes around NSDCC is creeping up. It's because there aren't as many properties opening escrow. With it being the prime spring selling season, the sellers (and their agents) will...
“Smoking Hot” Market
Rich is the king of graphs, and here are two from his latest at Piggington: The median-price-per-square-foot since the 2009 trough: OK, you can probably ignore the huge spike in the condo psf, as the condo series tends to be all over the map. But how about that (much...