Mortgage rates are reprising past trauma, now matching the scope of the late 2010 sell-off, with the past two days matching the scope of Black Wednesday's sell-off. "Selling" in this case, refers to the Mortgage-Backed-Securities (MBS) that most directly affect...
Both sellers and listing agents get over-zealous when they witness mobs of buyers flocking to see their new listing - it boosts their confidence that a retail (or retail-plus) sale is imminent. Question their price, and you'll hear, "Well, we've had lots of...
We've seen how buyers have reacted to the amount of inventory. When there are plenty of choices, buyers are very deliberate in their hunt. But when the inventory dries up, especially when (or because) prices AND rates go ultra-low, buyers lose their patience and...
A tax provision that spares underwater borrowers from being penalized when they agree to a short sale is due to expire at the end of this year. But two senators want to extend the Mortgage Forgiveness Tax Relief Act through 2015. Senators Debbie Stabenow, D-Mich.,...
Was last year's end-of-summer pickup an abnormality that was driven by ultra-low rates and prices? Or could the deep demand cause the market to keep cranking straight through, in spite of both rates and prices being much higher? The next 4-6 weeks should be fairly...
I had this email conversation with a short-sale realtor who had listed a property for at least 10% under value last month, and marked it contingent immediately: JtR: I'm curious about the price. With the reaction (she said she received a "bazillion" offers), it is...
She did it - Kayla has graduated from college! We are very proud of her! Her start date at Klinge Realty is July 1st - stay tuned!
Your home's value is improving! According to Zillow, the value of virtually every San Diego property is going up: US Homes Increasing In ValueUS real estate info It doesn't do much good unless you're selling, or planning to sell. Speaking of sellers, in April, there...
Zillow has doubled their advertising budget, now up to $30 million. Their new ad, from the "Stop The Over-Analysis and Let's Feel Good Again" department:
The last period had 77 new listings, and 69 new pendings - this period produced a 73:66 mix of new and pending listings. Of the 69, there were 20 that were on the market seven days or less (29%): The UNDER-$1,200,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM...
