It's November, so the squeeze for quality gets tighter as many buyers check out for the holidays. Only the best buys will be getting attention. In the UNDER-$1,200,000 market, the DOM has increased 44% in the last six months as the frenzy-sorting continues: The...
My mother is still catching up with my video history of the bubble, and the foreclosure era. Here are some clips from early 2009:
In spite of the feeling that the frenzy has died down, sales of detached homes around NSDCC over the last two months have been remarkable. Inventory, rates, and prices are higher, yet the September and October sales are hanging close to last year's totals - which were...
The design for the Caterpillar House, sited on the softly rolling hills of the Santa Lucia Preserve, sought to accentuate a connection to the land. Having lived in a Cliff May home, the client came to the project with a love of modern ranch houses and looking for an...
You'd think there might be some resistance on this one, but it only took 24 days to go pending. There are 20 houses for sale under $1,000,000 in the 92130, and 19 have closed in the last 30 days:
More on Zillow taking over the real estate world - an excerpt: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/29/heres-zillows-strategy-for-dominating-online-real-estate/ Zillow is simultaneously taking on traditional real estate agents, media companies and...
We lost a great one this week - here's Lou Reed with a view from the street:
In areas where the inventory is close to zero, add the basic flipper package and stand by for offers:
Hat tip to daytrip for sending in this article from the latimes.com alerting us to the expiring The Mortgage Debt Relief Act of 2007, wrapped around the free cheese in the recent JP Morgan settlement:...
Quotes off yesterday's Case-Shiller Index report: http://www.cnbc.com/id/101152271 "I define a bubble as a time when people have extravagant expectations, and the expectations are driving home price increases," said Robert Shiller, Case-Shiller index co-founder and...
