My takeaways: Rents should be under intense pressure over the next few years. Growth of U.S. households since this blog began = about 8 million! The affluent are winning. Hat tip to Kerry for sending this in! LINK Ten years after the U.S. housing market crashed, some...
Month: July 2017
Mission Bay
Finally something will be done with this building! Hat tip Keith: Architect Dick Lareau studied under sculptor John Dirks and painter Jean Swiggettat while attending San Diego State College prior to transferring to Cal/Berkeley. Following his return to San Diego, Dick...
Bubble Talk
This survey of ivory-tower guys indicates that the threat of a bubble-bursting is low. The last bubble was full of people who couldn't afford to hang on; this one has been built by the affluent. Historically, Thornberg has been the most rational analyst: LINK Will...
Kayla Testimonial
Kayla does more than open doors - she has opinions about real estate! Here's how one buyer described her experience:
Home Sales to Foreigners Rise
Foreign purchases of U.S. residential real estate surged to the highest level ever in terms of number of homes sold and dollar volume. Foreign buyers closed on $153 billion worth of U.S. residential properties between April 2016 and March 2017, a 49 percent jump from...
Frank Lloyd Wright – Wisconsin Tour
A fascinating blog post of a tour of FLW's work in Wisconsin: I was contacted by Travel Wisconsin, and invited to come out to their beautiful state to spend a week on the Frank Lloyd Wright Heritage Trail, to celebrate Mr. Wright's 150th Birthday. Wright is from...
Dumbing Down of Real Estate
It's not just Redfin, most other agent teams are known to have newer realtors on the front lines these days. Another start-up gives the lockbox code to buyers so they can take their own look around. A recent survey showed that 1/3 of buyers are making offers on...
Inventory Watch
We had a surge of new listings this week, and the new pendings were slow to follow - but the same thing happened last year: Week 2016 New Listings/Pend 2017 New Listings/Pend 1st week of June 91/68 100/71 2nd week 104/58 98/71 3rd week 111/62 81/60 4th week 109/69...
Mortgage Myths
It looks like we are cycling through all the buyers with big down payments, and giving the less-fortunate folks a chance...
Australian Deals Under $2M
SQUALID dumps including completely unliveable houses are up for sale as the real estate market prepares for a “Super Saturday” of auctions. The number of houses advertised for sale in Sydney is on a three-year high, reflecting a boom of 13 per cent since this time...