My wife Donna doesn't get any publicity here on the blog, but she plays a vital role in the business. Here is a review of Donna's recent performance: Donna Klinge and her husband, Jim, are real estate partners. Jim is the 'face' of the agency, I believe -- he...
Month: September 2016
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Shiller: “Holding Pattern”
For an ivory-tower guy, 70-year old Robert Shiller does pretty good in describing the current environment - a couple of excerpts from this article:...
Bill Withers
La Jolla Oceanfront
This just closed for $9,700,000 - congrats Jonathan!
Fewer Repeat Buyers, Yet Still Cooking
At first, this article below mentions that there has been 50% fewer repeat home buyers: http://www.builderonline.com/newsletter/repeat-home-buying-has-fallen-drastically_c Tight credit is making it hard for homeowners to trade up and out of their starter homes,...
Mortgage Rates Dropping
Are you still thinking about packing it in for 2016? Mortgage Rates maintained their recent winning streak today, falling for the 5th straight day. The average lender is now offering the best rates in nearly 2 months. You'd have to go back early August or late July...
Foreclosure Throwback
Homes that were foreclosed back in the day have been re-selling - and someone you know just happens to have an extensive video library! The original purchase price for this McMansion in Chula Vista was $1,301,500 in 2007, but got foreclosed 20 months later. The bank...
$880,000,000 in Slush Funds
We've seen how bankers have been able to finagle fines instead of jail time for the harm done during the mortgage crisis. Where did that money go? Thanks to Art for sending:...
San Diego Case-Shiller Index, July
The July, 2016 reading of the San Diego Case-Shiller Index was elevated compared to June - just like last year! The increase this year was somewhat throttled though, and based on how it went in 2015, the San Diego CSI should be fairly quiet over the next six months....