Month: November 2016
Open House Report
A lively day at open house in Carmel Valley, the hotbed of San Diego real estate. A flood of lookers, but as of Saturday night, no written offers...yet. Open house 12-3 on Sunday!
Party Palace
http://la.curbed.com/2016/11/18/13680508/mansion-rentals-house-parties-ordinance-airbnb There are a lot of headaches that come with homeownership in Los Angeles, property values, repairs, whether or not your neighbors are a German millionaire couple who have made it...
Carmel Valley New Listing
Holy cow - only $729,000 for a spectacular detached-home in gated Trilogy! This is one of the premium locations high up the hill and away from road noise. The kitchen has been updated with new stove, refrigerator, dishwasher and backsplash, plus there is new carpet,...
Trump Effect on Real Estate
What is the consensus on the Trump impact on our local real estate market? After speaking to agents on broker preview the last couple of days, I think we can divide the buyer pool into two camps: There have never been more reasons to wait-and-see. But some buyers will...
Leon Russell, R.I.P.
We lost the great Leon Russell this week. Watch his Rock and Roll Hall of Fame induction speech for an incredible tribute:
Floating Homes
More on new housing alternatives, primarily suited for the younger folks: Argh, matey! A new trend in housing is afloat in Denmark, with college students from Copenhagen solving their cash-strapped housing woes with a series of floating apartments. The...
Luxury Bunker
Worried that the end is near? How about a bunker! H/T daytrip: DALLAS (CBSDFW.COM/AP) — Some upper-income Texans are headed down below, not Australia, but below the surface. An investor group is planning for a doomsday scenario by building a $300 million luxury...
Are Rising Rates A Problem?
Are rising rates that big of a deal? Maybe - and only if they mess with the buyers' psychology. We have been spoiled with rates in the mid-3s for the last six months - including jumbos - and our local market has been cooking. Buyers have been hoping for any break, but...
Chinese Demand Accelerating?
More optimism about Chinese buyers purchasing overseas: Welcome to ground zero for the world’s largest cross-border residential property boom. Motivated by a weakening yuan, surging domestic housing costs and the desire to secure offshore footholds, Chinese citizens...
