The share of homes selling above asking price edged up from 27 percent a year ago to 28 percent in October. Conversely, the share of properties selling below asking price dropped to 44 percent from 47 percent in October 2015. The remaining 28 percent sold at asking...
Month: November 2016
New Water-Conservation Law
The new law only requires that sellers disclose if they are not in compliance - but most buyers will expect sellers to bring their house into compliance before close, won't they? http://www.car.org/legal/disclosure-folder/water-conserving-plumbing-fixtures/...
Happy Thanksgiving!
San Diego #6
In spite of record pricing, our NSDCC new-listing count this month is going to come in under last November's count. Remember when greed was good? Apparently, staying put is better! http://www.realtor.com/news/trends/20-hottest-markets-real-estate-u-s-november-2016/...
Flippant
I agree with the author about answering questions casually - agents look like idiots when they make a flippant remarks about work. The condition of the 'market' is relative to your own personal situation - it could be good or bad....
Dual Agency Case
On the surface, this case seems unusual - the seller's agent owes both the buyer and seller a fiduciary duty if the buyer's agent works at the same brokerage. It's because the agents are working on behalf of the broker - hopefully this will cause better broker...
The Bubble
This is hilarious, and probably not far off. H/T Mark!
Walkable
Being walkable - living close to services - is a hot button for buyers these days, especially among the older set. Here's an article that backs it up - and may cause you re-think the McMansion in the 'burbs. Thanks daytrip! Few people in America walk to work. Most...
8,000,000 Millionaires in U.S.
Here's how we got here, and why it will probably continue - H/T daytrip! http://www.bloomberg.com/news/articles/2016-11-21/cheer-up-america-1-700-millionaires-are-minted-every-day The U.S. is home to a working class suffering from stagnant incomes and declining job...
Inventory Watch
The NSDCC new pendings rebounded nicely this week, with 52 houses opening escrow, which is about the weekly average for the last couple of Novembers. It's not too late to buy an expensive home this year, and there are still plenty to consider. There have been 452...