When you buy a house, the county tax assessor sends you regular property-tax bills, which are based on what you paid for the house - usually around 1% of the purchase price per year. But in almost all cases, the sellers paid a different amount of taxes, which were...
http://www.nextavenue.org/how-boomers-can-sell-their-homes-to-millennials/ Generally speaking, boomers who bought homes to start families purchased what their budgets allowed and fixed them up over time. Nothing could be further from the minds of typical Millennial...
When presented with multiple offers, most listing agents demand shorter contingency times, no appraisal contingencies, having to pre-qual with their lender, etc., without any thought on how that can agitate the buyers. The time will come when the buyers aren't going...
Thanks to Susie for sending in this story of everyday realtor fraud - committed by the third-highest-producing agent team in the country - and an agent who just couldn't be a do-gooder and turn them in. He tried to extort $800,000 from them instead:...
This closed for $12 million today:
There are still doomers who insist the housing bubble is ready to burst. But this report coincides with what I see on the street - home buyers are in good shape, and probably aren't going to bail out if appreciation stops. In Q315, the average FICO for purchase loans...
New pendings around the NSDCC haven't tapered off yet, and last week's total of 60 was the highest since late-August. Click on the link below for the complete NSDCC active-inventory data: The UNDER-$800,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF...
We spent the last couple of days at the UCLA Parents Weekend, and bumped into some of the locals who were attending the BAFTA Britannia Awards:
Buyers who demand top-rated schools and want the convenience of being Carmel Valley-adjacent on the 56 corridor but only want to spend mid-$600,000s for a turn-key house should check out this gem in Crestmont! Open House 12-3pm on 10/31 (Laker Joe) and 11/1 (Richard)....
Historically, when prices start reaching new peaks, we see more homes come to market. This time around though, sellers have been reluctant for a variety of reasons, and inventory has been tight. These are the total number of detached-home listings that hit the MLS...
