I spoke with a long-time REO listing agent this week who agreed completely with my theory that banks have stopped foreclosing. Banks like Wells Fargo keep laying off workers: The latest round of layoffs is "the result of continuing market changes, including...
Month: June 2014
Graduation Season
There has been some eeriness in the marketplace over the last couple of weeks, which makes it seem like it's connected to the graduation season - and it's been like this over the last couple of years. Do people just need some time to appreciate the accomplishment, or...
More on ‘Coming Soon’
Wifey thinks I've been a little too hard and snarky on the Zillow topic, but these guys didn't hold back here (hat tip Stormin'): http://thenationalrealestatepost.com/will-zillow-start-taking-listings-and-selling-homes/
The Specials
A great ska band influenced by Elvis Costello (who produced their first album in 1979) and who loved the chaotic dance-party shows. From wiki: http://en.wikipedia.org/wiki/The_Specials The Specials, also known as The Special AKA, are an English 2 Tone and ska revival...
La Jolla by Drone
The drone said hello to the seals at the cove, and then went for a spin around the park:
California Real Estate Today
June 10 (Bloomberg) -- John Burns, Chief Executive Officer at John Burns Real Estate Consulting, discusses the influence of foreign buyers on California’s high-end real estate market and the distortion of the haves and have-nots in U.S. housing:...
Market Bifurcation
The homes in the north coastal region from La Jolla to Carlsbad have always been relatively expensive. Of the 1,052 houses for sale today, 81% of them are priced over $1,000,000. (Take Carlsbad out, and 92% are priced over $1,000,000). But only 51% of the 1,233 NSDCC...
One Big Portal?
NAR and realtor.com should have built one big ironclad portal a long time ago - by now the tail is wagging the dog: http://www.inman.com/2014/06/17/trulia-no-comment-on-report-its-looking-to-acquire-realtor-com-operator-move/ Trulia has no comment on a report by...
‘Anti-Speculation Tax’
The attack on Prop 13 should be next....from the sfgate.com: http://www.sfgate.com/politics/article/Tax-to-brake-S-F-real-estate-speculation-headed-5558857.php Supervisor Eric Mar and tenant activists unveiled a ballot measure Tuesday that would impose a steep tax on...
Tony Gwynn, R.I.P.
There was nobody like Tony Gwynn, and never will be: