Those who attended frat-house parties in the early 1980s probably had beer spilled on them while listening to a steady stream of techno-pop, like this:
Talk Talk
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Month: July 2013
Lenders Not Foreclosing
Hat tip to Booty Juice for sending in Nick's article on the Las Vegas market- and the effects of halting foreclosures: http://online.wsj.com/article/SB10001424127887323687604578467260571838502.html You'll need to be a subscriber to read the full article - but here are...
Pre-MLS Sales
The article linked below focuses attention on the perceived problem of data pirating, and the efforts being made to stop it: http://www.inman.com/2013/07/08/new-group-to-coordinate-action-against-mls-data-pirates/ Realtors get fired up about data pirating, yet, you...
SB 30 Moves On
The California Senate passed the California Association of Realtors-sponsored tax relief bill without a single "no" vote on June 20. SB 30 (Calderon, D-Montebello) protects homeowners from having to pay income tax on a short sale. SB 30 will extend the sunset date in...
Inventory Watch – Similar
The previous period had 86 new NSDCC listings, and 64 new pendings. In the last week we had a 81:53 mix of new listings and new pendings. Even though mortgage rates zoomed higher, there are no real signs of panic here: The UNDER-$1,200,000 Market: Date NSDCC Active...
$10 Million Loans
Blackstone Group LP, the private-equity firm that has spent $5 billion on more than 30,000 distressed houses, is preparing to expand its bet on the housing recovery by lending to other landlords. The firm, which already owns more rental homes than any other investor,...
Shirley
Some agents get more caught up in their posturing than their fiduciary:
Wild Thing
As we transition into the Kayla era, hopefully we will be more efficient with our video production and quit wasting your time with stupid zany stuff. Here's the 1,500th youtube:
Say Hello to 5%
Another bond-market meltdown yesterday has mortgage rates knocking on the door of 5%. The mortgage market is similar to gasoline - prices shoot up instantly but are very slow to come down, if they come down at all. At this point, it would take disastrous economic...
More Bubble Warnings
More stories like this should help moderate price increases, though he really doesn't say much, except mention the b-word - from the SF Examiner: Dramatic gains in home prices in San Francisco and other large American cities point to a potentially new housing bubble...
