Live from the Belly Up Tavern tonight!
Month: March 2016
One Per Floor
The balance is shifting from human interaction to mobile-device addiction if these floor plans are an indicator:
Pot Bubble?
We figured the next real estate bubble would look a little different..... http://blog.sfgate.com/smellthetruth/2016/03/16/marijuana-real-estate-bubble-inflates-in-california/ Excerpts: A marijuana real estate bubble is inflating in parts of California thanks to new...
Solar-Panel Lease
We got the lowdown on the HERO program; here is more on solar leases: http://journal.firsttuesday.us/solar-woes-loom-for-homeowners-as-tax-credits-sizzle-away/51248/ An excerpt: Net metering is an agreement between the utility company and the residential or commercial...
Impact of Downsizing Trend
Yesterday we noted how the high-end market is brimming with more inventory. Having 424 active listings priced over $2,400,000 this early in the season is quite a load - it's more of a late-summer type of number. Could the sluggishness have an impact on the markets...
List-Price Increases
A reader noticed some list prices being raised, and wondered why. Here are my guesses: There were a flurry of showings, and the sellers panicked, thinking they were giving it away. Agent is playing around with it. The MLS hotsheet is where agents get to peruse the...
Inventory Watch
We had 75 new pendings this past week, the most since early June - the season is on! Only 6 of those new pendings were listed over $2,400,000 and there are still 424 active listings at that price point and higher. The number of active listings priced over $2.4M has...
Denver
Another city that is experiencing low inventory. At the end of the video, the reporter said in February there were 4,000 active listings, and in 2006 there were 25,000: http://www.9news.com/news/local/low-inventory-leads-to-creative-home-buying-tactics/78582486 An...
Five-Galloner
Sounds like 3-4 offers by tomorrow:
Open House Report
We had a big turnout today at the open house!