Hat tip to daytrip for sending this in from the latimes.com: The front-end loader swung to the right and took a bite out of the shingled roof of the quaint cottage. The roar of the engine and crackle of buckling lumber carried down Elm Avenue in Manhattan Beach....
Month: January 2014
CV C-Run
The lower-end newer homes in Carmel Valley aren't having any trouble attracting buyers. This went pending on Day Nine, and they weren't showing it the first few days. The sellers paid $799,000 when new in May, 2009, and this sale closed for $961,500 on 12/30/13 (a...
$15 Million in Kickbacks
The Wolf of Ramona! From Channel 6: SAN DIEGO - A Ramona real estate agent who admitted taking part in an investment and mortgage fraud scheme that generated tens of millions of dollars in phony loans and illegal kickbacks was sentenced Friday to serve 15 months in...
Realtor Truth-Bending
We've seen rampant refreshing of listings this year, which is just one of the various ways that realtors toy with transparency. Another has been the resistance to realtor-rating websites. Attempts that ran into trouble: NeighborCity, which still has anti-trust...
Whopper
I've wanted to log the expert guesses so we can look back a year from now and see who was close, but most of them say they expect moderate growth in pricing - in the 3% to 5% range. But then the president of the local association of realtors launched this rocket:...
‘Refreshed’ Listings
Buyers out early in their hunt for new meat have been disappointed so far. Of the 36 detached homes listed in NSDCC this year, 23 of them, or 64%, were on the market at the end of last year. While the practice of 'refreshing' a listing is frowned upon, you could make...
Short-Sale Deals?
Buyers hoping for a deal will have to look high and low these days - because sellers are typically the most optimistic early in the selling season. Maybe a bank-owned REO? Don't get your hopes up, there have only been seven REOs listed in San Diego's North County...
Fast Start in 2014?
People are already wondering when the spring selling season officially gets started. Typically things really get rolling the day after the Super Bowl, but with the weather being so nice, I'll say now! How did we do on the first day of 2014 for new listings? There...
Al Green
The Reverend Al Green is well-known for his soulful R&B, and Rolling Stone magazine ranked him #65 on their list of 100 Greatest Artists of All-Time. There are better versions from the '70s, but check the Rev's guitar player in this clip from 2010:
Let The Insanity Begin
Here's the first piece of evidence that the 2014 sellers are likely to be extremely optimistic on price, and many will be shooting for the moon. This youtube uses clips from the old video, back when the owner purchased the house for $1,175,000 in 2011:...