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/...
Year: 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...
Stuff
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...