Month: May 2014

Inventory Watch

Statistically it was a fairly quiet week (data gathered yesterday morning): North SD County's Coastal Region (La Jolla-to-Carlsbad) The UNDER-$800,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF November 25 95 $376/sf 47 1,988sf December 2 79 $371/sf 50...

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Only Non-Recourse

From CAR: After receiving comments from California tax practitioners and its own review of California law, the IRS has issued a clarification to its September 19, 2013 letter to Senator Barbara Boxer concerning short sales and taxes on the forgiven debt. The new IRS...

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Second Least Affordable

From the UT: http://www.utsandiego.com/news/2014/may/22/hsh-home-affordability-median-income-mortgage/ An excerpt: A San Diegan has to earn nearly double the county’s median income to afford a median-priced home here, says a study released this week by mortgage...

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The Jam

The Jam were an English punk rock/new wave/mod revival band active during the late 1970s and early 1980s. They were formed in Woking, Surrey. While they shared the "angry young men" outlook and fast tempos of their punk rock contemporaries, The Jam wore smartly...

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Dealing With A Global Market

From the WaPo: http://www.washingtonpost.com/blogs/wonkblog/wp/2014/05/20/foreign-home-buyers-are-making-housing-more-expensive-should-cities-tax-them-for-it/?wprss=rss_business&clsrd The globalization of real estate upends some of our basic assumptions about...

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Whale Surfing

An incredible photo snapped Saturday (April 5) at the iconic Pipeline on Oahu's North Shore is going viral. A mother humpback whale and her calf were cruising just offshore when a set rolled in. J.T. Gray of North Shore Surf Photos grabbed his camera and the shot of a...

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