All that matters is what home buyers take away from stories like this. The gist here is the same as what we've been seeing - the unique, well-located properties are holding up, but in areas where there are several regular homes for sale, the first one out wins....
Month: July 2016
Mortgage Rates Drop
Home sellers - if you aren't getting offers this week, you are missing out on what will be the closest thing we will see to frenzy conditions the rest of the year! Lower your price a little to get in the game! California 30-year fixed mortgage rates go down to 3.22%...
NSDCC North
Great to see some national publicity shine on our area! Oceanside has benefited greatly from the recent boom, just by being cheaper than the rest of the coast. The last paragraph here might be a stretch though....
Buying with Friends
I have bought with friends before, and I'll never do it again - you have to reach full agreement on everything! And don't do anything quickly! (bottom paragraph) For some New Yorkers who have been priced out of New York City’s real estate game, pooling resources with...
Another Disrupter
Doesn't it seem like there's a new real estate app that's going to slay the real estate industry every week or two? Will they spend millions to advertise? They need to make it lucrative for listing agents to bring their listings....
Upacreek
The new broker-owned website envisioned to be the answer to all of the industry's problems with listing distribution has debuted their website: http://www.upstreamre.com/ It is probably a great idea to streamline a uniform listing process. But nowhere is it discussed...
Money Laundering and San Diego County
They will probably pursue these transactions just like they went after Angelo Mozilo or the thousands of short-sale fraud cases.....from HW: http://www.housingwire.com/articles/37637-us-expands-investigation-into-money-laundering-by-foreign-cash-buyers The federal...
More on Millennials and Home Buying
The lightweight reporters who nibble around the edges don't ever get to the point. It doesn't matter who wins the election, rich people are taking over. Millennials and others will have to find a way to buy a home, or be at the mercy of rich people for the rest of...
Democratic Platform – Housing
From the Democratic Platform: https://www.demconvention.com/platform/ We must make sure that everyone has a fair shot at homeownership. We will keep the housing market robust and inclusive by supporting more first-time homebuyers and putting more Americans into the...
More Granny Flats!
We know there are millions of people thinking about downsizing, due to costs, maintenance, and their health. But the real estate market provides few quality turn-key solutions. It makes sense to encourage homeowners to add a granny flat! From the latimes.com: To...