Hat tip to Booty Juice! From calcoastnews.com: Timothy William Barnes, 37, pleaded guilty Monday to committing bank fraud. Barnes, a San Francisco resident, owned and operated Apex Properties Real Estate Brokerage in San Luis Obispo. Barnes is accused of...
Month: March 2014
Auction.com Loads Up
If N.A.R., realtor.com, and/or other industry leaders don't get out in front of the changing market, then those with the big bucks will put an attractive spin on their model and try to determine our future. From techcrunch.com: Fresh off its public debut last week,...
NSDCC Distressed Market – 2014
After seeing Bernanke holding the smoking gun on Monday (where he said that he told banks to not disrupt the economy with their REOs), did you give up hope getting a deal on a distressed sale? If not, this might push you closer to believing. Here is the mix of NSDCC...
Slight Tweak
There are around 1,500 videos here that followed the market down. It was quite a ride for all of us, including fans from the FHFA to Jim Grant. But when the market started to turn, the blog had to change with it. It has not been easy. I've wanted to entertain the...
NSDCC February Sales/Pricing
The average pricing for February increased 21% since last year, yet remarkably, sales haven't dropped off much - what other industry could be so price insensitive? Year Feb. Sales Avg $/sf Avg DOM 30Y Mortgage Rate 2006 189 $482/sf 64 6.25% 2012 174 $375/sf 92 3.89%...
Bernanke Stopped the Flood
Having over eight years' worth of blog posts means all types of kooky things happen regularly - usually regarding comments left on old stories. Yesterday's comment-du-jour went back to June, 2011, which caused me to read a few other comments of the day. Reader LM left...
Inventory Watch – Frenzy Lite
The $800,000 - $1,400,000 market has been red hot as of late. But its inventory count grew 7% this week, and pricing and square footage also faltered. We'll call it noise for now, and check again next week: North SD County's Coastal Region (La Jolla-to-Carlsbad) The...
Bifold Doors
We're seeing more and more use of the bifold/cantina doors, and you don't need a big view to enjoy the benefits. Those who are remodeling an older home with a dated look might consider the bifolds as an instant upgrade into the 21st century! For a few thousand other...
Rain!
The rainfall amounts for the last two days range from 1.08 inches at Lindbergh Field to 7 inches on Palomar Mountain! http://www.kpbs.org/news/2014/mar/01/strong-storm-whips-through-san-diego-county/
Is Another Frenzy Coming?
Unlike last year, buyers aren't jumping at every listing - we just saw that the SD inventory is up about 13% compared to last February. Though every talking head reminds us that rates are still 'historically low', nobody is going to buy a house today just to lock in...