Here are four of the nine DM houses on the broker tour today. But I was also in search of more data and opinions on market conditions. I think we are settling in for an extended run of normalcy - where turn-key sellers of attractively-priced homes with broad appeal...
There was a lot of hubbub yesterday about NAR's annoucement about their goofy 'seasonally adjusted annual rate' of national sales dropping 1.2% from May to June. Lawrence Yun didn't mention here that there were 9% fewer business days in June than in May, which would...
The Under-$1,200,000 market has been fairly steady lately, but those sellers higher up must be feeling a little lonely: The UNDER-$1,200,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF April 29 201 $384/sf 36 2,599sf May 5 195 $381/sf 36 2,633sf May 9 207...
The titans of on-line real estate in a panel discussion about the future: In the beginning the moderator claimed that Zillow is the MLS in many cities, and their COO didn't want to have anything to do with it. Either Zillow is planning a sneak attack, or they are...
LOS ANGELES (July 17) – Demonstrating the proliferation of mobile technology into nearly every facet of our lives, more than eight out of 10 home buyers are accessing home information on their smart phones and computer tablets, according to the CALIFORNIA ASSOCIATION...
USC Ross Minority Program in Real Estate is coming to San Diego! The USC Ross Program is an executive training program bringing individuals from a wide variety of backgrounds and perspectives together to solve complex real estate challenges. Whether your interest is...
Hat tip to Susie for sending in this great article from SFGate: Houses deluged with offers way above their asking price are common stories nowadays. But there remain a significant minority of wallflowers. They could be challenged in some way — awkward layout,...
We have seen how the lack of inventory seems to drive the frenzy. When buyers see fewer choices, they tend to start gobbling. You can see below how the recent frenzy got started - there was a low level of new listings in early summer, at relatively low pricing: June...
Lesson 2 - Take listings at the right price. Why? Sellers are reluctant to lower their price - after all, they aren't going to give it away. By the time that reality sets in, the buyers' expectations have fallen further and you will struggle to catch up: Example:...
Have you thought about being a flipper, and paying to learn the craft? Armando Montelongo Seminars offers long weekends of questionable advice, raucous showmanship and tours of foreclosed homes in some of America’s poorest sections. His secret formula: Go deeply into...
