It's hard to imagine a better run than this, because it seemed fairly orderly while it was happening. Back in 2003-2004 it was out of control: Month M-O-M Y-O-Y March '13 +2.0% +12.1% April '13 +2.8% +14.7% May '13 +3.2% +17.3% June '13 +2.8% +19.3% A month ago,...
With the shine off the frenzy, listing agents will be more inclined to bluff about the number of competing offers in order to build urgency - and to procure a higher-priced sale. How do you know when you're getting bluffed? First let's point out that most agents don't...
Wifey thought that this message would be a turnoff to potential sellers who would forget about listing their home with me, and instead run off and find a less-informed agent who tells them the market is all blue sky and sunshine. But I'm going to play it anyway, and...
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 $387/sf 35 2,624sf May 18 241 $397/sf 33 2,566sf May 23 236 $397/sf 34 2,529sf May 30 230 $391/sf 35 2,591sf June 5 229...
Let's keep an eye out for new pendings over the next few weeks as a gauge of how much gas is left in the market's tank:
You can tell that this camera has an auto-adjust feature to increase exposure - look at how much light is coming through the windows. The house was darker in person:
The latimes.com featured celebrities who have turned to flipping houses: http://www.latimes.com/business/money/la-fi-mo-celebrity-home-flippers-party-20130824,0,2737575.story This is the 8 br/9 ba, 13,000sf house off Sunset that is listed for $28,800,000:...
This is today's entry-level special for Carmel Valley (this is the seventh-cheapest listing out of 113 houses for sale in the 92130):
Hat tip to MF for sending this in: Fort Worth officials say the city has ceased all demolition operations until it can figure out how two buildings that were not supposed to be demolished were torn down by a contractor despite city oversight. “It was human error,”...
From Nick at the wsj.com - an excerpt: Minimovies and Hollywood-style trailers complete with scripts, musical scores and even action sequences are cropping up as a new way to pitch pricey homes and condominium buildings. According to the National Association of...
