Just had to hedge it a little....from CAR: This law, on and after July 1, 2015, with respect to an auction that includes the sale of real property, prohibits a person from causing or allowing any person to bid at a sale for the sole purpose of increasing the bid on...
Month: October 2014
September Sales
Here's an excerpt from the Dataquick sales release for September: http://www.dqnews.com/Articles/2014/News/California/Southern-CA/RRSCA141013.aspx Irvine, CA---Southern California home sales hit a five-year high for a September, rising slightly above a year earlier...
‘Best Rates Since June 2013’
We should see a resurgence in buyer interest now that rates are under 4%. They probably won't pay a lot more, but if sellers can live with the same price as the last comp, they should be able to sell. From MND:...
Compare the Cost of Living
San Diego ranks high on every list of the most expensive places to live. Are you thinking about leaving town? Here is a website that compares the cost of living between cities around the world: http://www.expatistan.com/cost-of-living
New Homes = Larger Premium
The higher-priced new homes help to accelerate the values of existing homes. All sellers have to do is undercut the price of new tracts nearby - if there are any! HT to daytrip for sending this in from the latimes.com:...
Inventory Watch – Steady More Steady
Figuring that not many readers make it all the way to the bottom of this weekly inventory report, I clipped the bottom category and brought it to the top. This is the last 2.5 months of weekly counts of new listings, and new pendings: It is remarkable how steady...
Open House Report – October
Of the people who came to the open house today, only one was a neighbor, and none were agents. Yeah sure Jim, but how serious were they? There are plenty of drivebys; anyone who is willing to park, get out of their car and trudge up to another open house knowing they...
REO Listings Skyrocket
I hope the headline porn grabbed you! 😆 REO listings have increased lately around NSDCC, though they are still a small fraction of the overall marketplace (there have been 2,238 detached-home sales closed this year between Carlsbad and La Jolla). The short-sale...
EZ-Doc
From the wsj.com: A new mortgage lender is loosening documentation requirements, allowing applicants to provide less paperwork on income and assets than is typical to get a home loan. Social Finance, a peer-to-peer lender often referred to as SoFi, rolled out mortgage...
Big Box vs. Independents
Though I speculate in this video that buyer agents will get phased out, it's not the best alternative - buyers should have representation, it is just a matter of cost/quality. In this futuristic scenario, the listing agent will only be representing the seller, and...