Glad to see the U-T relying on Rich for an explanation! LINK The San Diego County median home price hit $525,000 in April, passing the region’s previous peak reached in 2005, real estate tracker CoreLogic reported Tuesday. High demand and tight supply appear to have...
Year: 2017
Kayla’s Trendy Tuesday
Hello blog readers! This is Kayla, Jim's daughter, attempting my first blog post! What are my interests? I absolutely LOVE interior design and learning about the upcoming trends for homes. Today, I'm going to share the new/current trends when it comes to redesigning a...
Home Sales, Y-T-D
N.A.R. home-sales forecasts are a moving target. In October they guessed 6 million sales for 2017, and in December they said 5.5 million: LINK Single-family existing home sales are set to see their best year since 2006, driven by robust job gains and improving...
Zillow Instant Offers
If there was anyone left who still had doubt whether Zillow has the killer instinct, let this be the final piece of evidence to convince you. Today they launched 'Instant Offers' which allows homeowners to submit a request for 15 investors to bid on their house....
Strict Code of Ethics?
Want to know how serious the National Association of Realtors is about our 'strict Code of Ethics'? They paid for this ad: I love Phil Dunphy when he is playing a realtor on the show Modern Family, but this is different - he is representing the agents on the street...
Mortgage Payments Are Optional
It's been well-documented that Ben Bernanke and others told mortgage lenders in 2011 to not do anything to disrupt the economy, which was gov-speak for lay off the foreclosures. Kamala Harris virtually outlawed foreclosures in California with the Homeowners' Bill of...
Inventory Watch
Whoops. We just had the lowest weekly total of new-pendings in two months. So much for momentum carrying us through the graduation season! Could it have been a slower week due to a Mother's Day lull, or did the good weather over the weekend cause everyone to go to...
Clairemont New Homes
Tom's flip looks inviting when you can spend over a million about a mile away, as the crow flies:
Local Flipper Business
Here's a video tour of Tom's latest project, and discussion about his business. The master suite in back was two bedrooms that he combined, and re-configured to create a large walk-in closet and right-sized master bath. Note how he hit all the hot buttons: curb...
Reduce the Down Payments?
When the day comes that you hear the big banks pushing for reduced-doc loans, you'll know that the top of the market is near: http://www.reuters.com/article/us-bank-of-america-mortgages-idUSKCN18E37J The head of Bank of America Corp, the United State's fourth-biggest...