We saw this happen in Bressi Ranch when Jenae and Company went on their 100% financing spree. Her victims weren't deadbeats - instead, they had good credit scores and other assets, and they were just duped into the get-rich-quick scheme. When it didn't pan out, they...
From realtor.com: http://www.realtor.com/advice/sell/why-are-you-selling/ “Why are you selling your house?” might seem like a perfectly innocent question from home buyers, but watch out—if you're the home seller they're asking, this is one of the diciest questions you...
With September starting on Friday, the June report feels a bit historical, especially when it is a weighted three-month average. But it shows that the first half of 2017 was strong sellers' market in San Diego: San Diego Non-Seasonally-Adjusted CSI changes: January...
This house was built in 2013 and has the master suite downstairs, with other bedrooms up - which isn't as popular as you might think. The older buyers who want a one-story think these are more house than they need, and the families with infants aren't gung-ho about...
The other day, an appraiser mentioned to me that he had just completed a study comparing the prices of one-story houses vs. two-story. He had done a similar study ten years ago, and found that the premium being paid for a one-story then was about 5%. Today, he found...
Hat tip to Giorgio, a Houston native, for tweeting this article: https://projects.propublica.org/houston-cypress/ Excerpts: The area’s history is punctuated by such major back-to-back storms, but many residents say they are becoming more frequent and severe, and...
Another good week for new pendings, and we're running at roughly the same pace as last year: Week New Listings New Pendings Jul 24 86 61 Jul 31 90 75 Aug 7 99 71 Aug 14 76 65 Aug 21 83 62 Aug 28 96 60 To give you an example of the higher-end bloatedness, there are 395...
As she was getting on in years and her resources dwindled, Virginia Rayford took out a special kind of mortgage in 2008 that she hoped would help her stay in her three-bedroom Washington rowhouse for the rest of her life. Rayford, 92, took advantage of a federally...
I appreciate our clients who are willing to go on camera to express their thoughts about their experience - thank you Eddie89! A key point for buyers in a bidding war is to know when to increase your bid, and by how much. I help you determine which houses are worthy...
In what has to be one of the most bizarre developments in real estate this year, the ivory-tower folks at the Fed, of all people, dreamed up a creative new loan that would not require a down payment. Then they used the dreaded COFI term from neg-am mortgage days! No...
