Forget the price point, it's the deal-making that is interesting about this case. The sellers of this home just acquired it last week as part of a home swap, and before closing I had arranged for vendors to do a quick tune-up. We hit the ground running, and $10,000...
Hat tip to GW for sending in this discussion on today's market conditions: http://finance.yahoo.com/news/housing-market-is-stuck-in-downard-spiral--shari-olefson-155251001.html An excerpt: Home prices appear to be moderating but that’s good news says Shari Olefson,...
Ben at HousingTracker has called it quits: Update 8/25/2014: It's been 9 years since I started HousingTracker as a personal project to try to gain insight into rapidly changing home prices during the housing bubble. There wasn't nearly as much data available then as...
The increases in the local Case-Shiller index have slowed, and we're no longer in that sexy 1% to 3% per month frenzy era of 2013. But it's still increasing monthly - it would take a few negative readings to get anyone's attention now. P.S. Today's reading is 41%...
This guy says there are 5-6 million people who were or could be homeowners but are on the sidelines - the buy vs. rent equation isn't compelling enough. She says these potential buyers don't have the down payment and don't know about FHA, but she might be guessing. ...
The other day, I used the term 'die correctly', which refers to those who hold properties until death, allowing those who inherit to step up the tax basis. From wiki: Under IRC § 1014(a) the general rule applied to property a beneficiary receives from a benefactor is...
Usually there is a bit of a lull as school gets started again, and then a surge before the holiday season kicks in. The cost-per-sf in the fourth category is skewed because the MLS only allows 400 data points to be reviewed - the most expensive listings are being left...
This comment was left at the cnbc site about high-end flipping - I'm seeing the same thing around San Diego: Article is behind, this is already slowing down here in Orange County - a lot of the properties are starting to sit on the market for awhile. Thanks to daytrip...
Here's a sky photo of Carmel Valley, taken in 1989 (click to enlarge): Here's how it looks today:
Isn't it amazing that prices have kept rising without frenzy help? We've had the frenzy hangover this year. Inventory is still tight, sellers confident, and buyers don't have much choice except to pay what it takes - or to stand by. But sales are softer - and the...
