Thanks to the several people who sent in links to the Realty Trac story yesterday about cash buyers accounting for 43% of homes sales in the first quarter of 2014 - and some areas were 50% to 60% cash: http://www.cnbc.com/id/101654929 Of the 1Q14 detached-home sales...
A pan of the downtown San Diego area, with a suicide view at the end:
From the San Jose Mercury News: http://www.mercurynews.com/my-town/ci_25718492/off-mls-listings-debated-at-silicon-valley-realtors An excerpt: According to MLS Listings, off-MLS activity in the counties of San Mateo, Santa Clara, Santa Cruz, San Benito and Monterey,...
The contest for Padres tickets is complete - and it's a tie! We closed escrow yesterday at $710,000 cash. (list price was $699,000) Raymond Byrnes guessed $709,500 and michael call guessed $710,500 - so you both win a set of four Padres tickets! I think the reasons it...
The main reason I stay so positive about the market is because there are plenty of buyers. The lively demand creates a pure market, almost entirely based on price - but buyers are more critical: My listing mentioned in the video above can be seen...
The origins of the frenzy began when rates slipped under 4.0% at the end of 2011, and you can see how sales started popping in April, 2012: But now that both rates and prices are finding some equilibrium, the sales count is looking more like a regular April, than a...
The two big corporate real estate entities, Reology and Berkshire Hathaway, lost money in the first quarter, and both lamented about first-time buyers: Ron Peltier, chief executive of HomeServices of America Inc, said "our industry is probably in the sixth inning of a...
It is bad enough that the demand for new homes in CV is off the charts, but look how close the houses are for the money - up to $1.35 million, and no front yard landscaping either!
Hat tip to reader Just Some Guy for sending in this article: http://www.utsandiego.com/news/2014/May/03/american-coastal-real-estate-investor-homes/?#article-copy With home values recovering from the Great Recession and the fix-and-flip market drying up, what’s a...
If this two-week surge in new listings continue, we could see the sales momentum pick up - but only if the price is right: 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...
