I appreciate the analytical, business-like aspect of the 1031 exchange, and try to do a couple every year just to keep my chops up. I'd love to do more exchanges because sellers of investment properties have to re-invest to avoid capital-gain taxes. But it's rare...
The first few house lotteries were shut down due to their gambling nature, but now there are new twists. First it was the flipper who is unloading a 1906 Craftsman-style home to the person who submits $100 and the best dessert-recipe HERE Now these folks in Phoenix...
Almost $2 million for 2br/2ba, 1,468sf - and worth it!
It seems the inventory is so picked over that the remaining would-be sellers need to lower their price to get in the game - but Yunnie won't ever say it outright. At least he didn't blame it on tight credit this time. From HW:...
Recently we've wondered how many first-timers are participating, but actual data has been scant. D.R. Horton says that 41% of their buyers are first-timers, which is probably similar to the resale market and sounds fairly healthy: Here are the current market...
Case-Shiller Index cumulative changes since 2000: Here are the San Diego NSA changes for 2015: Month CSI-SD M-o-M chg Y-o-Y chg January 204.70 +0.6% +5.0% February 206.06 +0.7% +4.6% March 208.62 +1.2% +4.6% April 209.90 +0.6% +4.5% May 211.75 +0.9% +4.8% "Over the...
For those wondering if there will ever be any more bank-owned properties for sale, here is the list of 38 houses between La Jolla and Carlsbad that are owned by lenders, or 3rd parties who purchased them at the trustee sale: NSDCC Foreclosed Properties July 2015 A...
Today's inventory is about 4% less than what it was last year at this time. Sales this month look to be on track to match those in July, 2014, but pricing is starting to flatten out. The median sales price is only about 3% higher, and the average cost-per-sf only 1%...
Shiller calls the real estate market inefficient and irrational in the article below - and I don't know if we can even call it a market. Entry and exit takes weeks at best and are clumsy. You don't know who, when, or how much until - and if - luck happens to find you....
I have two RSF listings that are outside the Covenant. One seller asked me what the chances are of selling. I said 20%, to which he said, 'Yikes'. But any RSF listing only has a 30% or 40% chance of selling. There were 436 listings, and 127 sales (29%) last year in...
