More in our series of how real estate markets are faring around the world. I chose this report because of the realtor quote that the market is 'in a bit of a slump', resulting from a 15% shift in demand? Markets could be that sensitive! Our market doesn't seem to be...
Month: March 2016
Happy Easter
Bubble Cool-Down
What do you know? A government that takes drastic action to prevent a housing bubble! Maybe this will get the Chinese to focus more on buying here? http://fortune.com/2016/03/25/shanghai-fend-off-housing-bubble/ Shanghai’s local government is working to fend off a...
Short-Sale Fraud
The new guy named Jeremy wandered into the discussion about short-sale fraud the other day, and found that long-time readers here don't take kindly to scams - and scammers. But we've seen how short-sale fraud has run unabated, and that it has practically become a...
That’s It?
More lightweight coverage of the local real estate market - have you noticed how reporters don't dig around much? The headline bait is embarrassing too - homes aren't disappearing, they are just more expensive....
On the DL
The life of a realtor! Kayla was opening the wooden door on a 1980's water-heater shed.....and it fell on her foot:
L.A. Sports Arena
This week, Bruce Springsteen closed down the L.A. Sports Arena, which was built in 1959. Some of its storied history is documented in an latimes.com article here: LINK Here are a couple of minutes of Bruce living like most 66-year-olds:...
Landlord Woes
http://www.latimes.com/local/california/la-me-0323-saudi-party-animal-20160323-story.html Over the years, neighbors accused Danny Fitzgerald of leasing his Hollywood Hills homes for loud parties. He said they had nothing better to do and suggested they "go to Palmdale...
Solutions For The Non-Super-Rich
Hat tip to Eddie89 for sending in this article - he also wondered when we'll see this around here! http://sanfrancisco.cbslocal.com/2016/03/22/250k-per-year-salary-could-qualify-for-subsidized-housing-under-new-palo-alto-plan/ Excerpts: Palo Alto is...
Active/Pendings in March
I like to compare the counts of active and pending listings to help determine the overall 'health' of the marketplace, and a 2:1 ratio always seemed to be 'normal', roughly. Le's compare the comparisons! These are the counts from February 1, 2016: Area Zip Code ACT...