Home buyers are hoping that higher rates will cause prices to come down, and while it could certainly happen - here are reasons why they won't: Prices have increased so much, so fast, that sellers are emboldened. If it would have taken the 5-10 years to bottom out...
Month: August 2013
Electric Teal
Here are two Carmel Valley houses for sale that look similar on paper - but the market says they aren't. What are the differences that matter?
Short-Sale Fraud Enforcement
This is a typical bank form that all parties are required to sign in order to close a short sale: BofA short-sale addendum-broker cert The form requires that the deal is an arm's length transaction - and now we have some enforcement, at least in Nevada: A Henderson...
Shiller on Today’s Market
"It's on the way up now, and I'll bet it will go up for a while, but you can never be too sure" - Robert Shiller Blackstone and other investors will likely learn the lesson from the lenders that it is better to drip out the inventory in small increments. They can...
CA Anti-Deficiency Law
It sounds like this erases the record altogether - from C.A.R. Effective January 1, 2014, California’s anti-deficiency laws that generally prohibit a foreclosing lender from obtaining a deficiency against a borrower have been expanded to also prohibit the lender from...
Inventory – Plenty To Go Around
Buyers on the lower end can rejoice that there is more inventory - there are 50% more houses for sale under $1,200,000 then there were in early May. Of course, all that means is that more buyers are holding back, and sellers aren't adjusting fast enough: The...
Sunday Hardware
Are you thinking of dressing your house up with some new hardware? Maybe new door knobs, towel racks, or cabinet pulls? Here is a good source:
Videos for Homebuyers
I wouldn't blame those who watch the videos here for thinking that I was a grumpy old guy who complains a lot, but the vast majority of the homes seen on bubbleinfo.com are the duds. They are on display to help viewers learn about the marketplace, and demonstrate how...
Opinions, That’s All
If the market keeps booming, it's because ones like this keep selling:
Boomers Downsizing
As the Colorado housing market rebounds, baby boomers are becoming a key player. Housing prices are up, and interest rates are low which makes this the perfect time for many baby boomers to sell those big houses they raised their families in and downsize into much...