From MND: http://www.mortgagenewsdaily.com/consumer_rates/430712.aspx Jan 30 2015, 3:51PM Mortgage rates moved lower today at their fastest pace since January 14th. Rates sheets moved well past recent lows and back to levels not seen since May 10th 2013. That was...
Month: January 2015
No Pay OK
This story is humbling, but these folks could have short-sold this house years ago and gone back to living in their townhouse. How many people are not paying their mortgage, and not getting foreclosed? Hat tip to Nathan for sending this in from the wapo:...
Shop Talk
I took in a good portion of the big realtor conference this morning via livestream. They had some big hitters on stage too. Rupert Murdoch delivered a 7-minute speech, and did some Q&A. He comes off as a proper gentleman, and he's a good speaker for a guy who is...
Flexible on Strategy
Over time, every strategy will work:
The Penetrators
Here's one of the of the most popular local bands that should have made it big - from a SDSU gig where they played warm-up for the Ramones:
Romney On the Move
From the Globe: https://www.bostonglobe.com/news/politics/2015/01/27/mitt-romney-began-building-expensive-homes-after-his-loss-part-real-estate-makeover/CeKp2sd0JcWA6URLhmJzxM/story.html Romney, whose last presidential bid was hampered by his image of excessive...
Bounce Back
You've heard me say that I think it is my job to conduct a proper bidding war between all buyers and push for top dollar - and I will give them ample opportunity to pay it! In this case, it was 10% over list price. But the houses that need work are more prone to...
SD Case-Shiller Index, Nov. 2014
The local Case-Shiller index ended its three-month skid in November, rising 0.29% above October's mark. It will probably bounce around a bit from now on. The San Diego Case-Shiller Index is 24% higher than it was in Nov. 2012. Minor movements would seem to be much...
Inventory Watch – Casa Del Sol
Want to see more inventory? Just go up in price! Of the NSDCC houses for sale, 81% are listed at $1,000,000 or higher, and 48% are over $2,000,000! The stats will be slightly skewed due to this property coming up for auction. They priced it on the range $10,000 -...
CV Market Leader
In Carmel Valley, the P-team is cranking up the new-home production in 2015, with several new homes in all price ranges coming to market. Sellers of older existing homes can use these as a guide for pricing - because you know the buyers will: