A reader asked about a comment seen in the MLS remarks on a property that just came back on the market. "What does 'Buyer failed to perform....' really mean? It can mean anything, right? Yes, because if the escrow failed due to the buyer's job transfer, divorce, or...
Open house over the weekend provided more reminders of the following: Buyers are educated - they know the comps. Buyers hope that higher rates mean lower prices. Buyers are resigned to paying more than last year. Those that will benefit, and could see values continue...
At first glance, it looked like both lenders were paid off because the sales price from the trustee sale was recorded as $1,200,000. But upon further review (at foreclosureradar.com), the new owner actually paid $1,075,000:
In areas where REO and short-sale listings have been sold without legitimate price discovery, the real values are still catching up - and a cause for the rapid appreciation we've been seeing this year. Let's find out what the market will bear for this dazzling 4S...
Another round of opinions from the ivory-tower crew: http://www.forbes.com/sites/morganbrennan/2013/07/26/what-to-expect-from-housing-in-the-second-half-of-2013/ “You can sort of think of it as we overshot on the way down and this is sort of a correction back to...
John Burns is a local favorite, and he and his team are known to be one of the best, and most accurate, real estate consulting firms in the business. His latest article at businessinsider.com on the impact of investors: During the downturn and early stages of...
Phil Mickelson brought the Claret Jug to Callaway's Carlsbad headquarters: See the full photo gallery here.
You can see why the frenzy took off last summer - it was the perfect combination of low inventory, prices, and rates: Year New Listings May 1 - July 15 Avg LP $/sf Avg 30Y Rate, Mid-July 2009 1,207 $511/sf 5.14% 2010 1,322 $506/sf 4.56% 2011 1,277 $445/sf 4.51% 2012...
Yesterday this joker was talking his book on cnbc.com, and said: We're in a 3, 4, or 5-year recovery They expect no impact on sales from the recent rate bump, Inventory is 5.2, going to 6.0 next year (normal), and NAR thinks home prices will go up 9% to 10% the rest...
Johnny Winter is playing the Belly Up tomorrow, plus be in Leucadia too... This is from January, 2012, back when Johnny was only 67 years old: He'll also be at the Coach House on Friday night!
