Congratulations to Robert Shiller for winning the Nobel Prize! Trish Regan: "Then why buy a home? People trap their savings in a home. They're running an opportunity cost of not having that money liquid to earn a better return in the market. Why do it?" Robert...
Most of us know our good friend and realtor Tom Stone from www.calculatedriskblog.com, where he has been commenting for years. He also joined us on the Blog Talk radio segment with Bill McBride here at the 61:50-mark (from January, 2012): Check Out Real Estate...
This neighborhood supports better quality - there are big bombers on every block. Look at the south end of this street, for example: View Larger Map Unless you are completely in love with this floor plan, wouldn't it be better to start over?
My contribution to a big article on pocket listings in the OC Register: http://www.ocregister.com/articles/mls-529529-pocket-home.html Other agents say pocket listings are never a good idea. If being on the open market is good enough for Kobe Bryant, arguably the...
Another professor commenting on the prospects of another bubble, and the renter's society:
We saw that last month's NSDCC closings looked weak, compared to September, 2012 (254 vs 289). But look how October has started, and there will be late-reporters adding to this year's total: Oct. 1-10 Closings #Sales Avg. $/sf 2011 34 $410/sf 2012 86 $376/sf 2013 87...
You don't have to watch the video to hear the usual report - the market appears fine; we had 100+ people come to open house over the weekend, and buyers are engaged. What price they are willing to pay is not so obvious. The investors are providing the floor, most...
Houses that are more than 10-15 years old, or have trees in the front yard should have the sewer line checked periodically. Affordable Drain charges $185 for the camera scan, and have been very reliable: http://www.affordabledrain.com/
Those who are fond of adobe homes and/or our architectural heritage can check out the Adobe Home Tour today, featuring the Weir Brothers: http://events.r20.constantcontact.com/register/event?oeidk=a07e89e6t9gbfadc2b1&llr=tosrxicab Here is the full history of the...
My new listing in Park Village, south of the 56 freeway and just two exits east of Carmel Valley - open this weekend 12-3pm:
