Headlines everywhere are touting how rising rates are slowing down the real estate market. The experts jump to conclusions, and the media loves bad news. One of our favorites is front and center today - Lawrence Yun. From cnbc.com: "The modest decline in sales is...
Now that rates have gone up (30YF conforming is 4.53% today) and summer is over, we're wondering if buyers are still in the hunt....and if so, how many?
An excerpt from cnbc.com's interview with Robert Shiller: CNBC: We have the twenty-city up double-digits for the fourth straight month. what do you make of that? RS: Well, obviously, we are in a housing recovery, at least for the short term. I have always been less...
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:...
