They paid $410,000 and are listing for $425,000? Are they expecting a bidding war? By the way, OpenDoor has 300 listings in Phoenix already! Hat tip to daytrip for sending this in - an excerpt: Noel Levine, a freelance IT consultant and self-described geek, said he...
Month: May 2018
Carlsbad Calavera Hills – SOLD
Stunning home sweet home with endless views! Plantation shutters in most rooms. Eat in kitchen is complete with granite counters, breakfast bar, and stainless steel appliances. Cozy fireplace in great room. Master retreat has picture windows and a private exit to...
The Trojan Horse of Real Estate Sales
What never gets mentioned is that every realtor has signed an agreement to share their listings with one another. This is how realtors are destroying the industry from within - because we foster the illusion of having a cooperative MLS but are happy to deprive our...
Market Changes Are Natural
More comments on the slowdown, plus a geyser:
Player
I was going to click past this song, until I noticed it had 51,000,000+ views. This is the first comment on YouTube, which recalls a time when regular folks could buy a house for less than $100,000 and live happily ever after: Lol some years back I played this song...
Slacker Evicted
Want to hurry up with that empty nest? From cnbc.com: A New York state judge has backed a couple's battle to kick their 30-year-old son out of their home because he has not contributed toward household expenses or helped with chores and they wanted him to get a job....
Low Rates And High Valuations
This is just a snip of Rich's latest post - read the full article here:
Soft Market
The full-blown frenzy we enjoyed in 2013 has been cooling off ever since, and I think we can call today's market a bit soft. Home buyers are gradually gaining more power and control of the outcomes, and as we saw yesterday in the Inventory Watch, the unsold homes are...
Inventory Watch
Another strong week of new listings (115) but the new pendings (63) didn't follow along - instead they dropped 20% from the previous week. As we roll into the Memorial Day weekend, graduation season, and 5% mortgage rates, we might be seeing the peak of the...
More Migration Analysis
Another study that shows lower-income people leaving California, and rich people moving in. But what's not examined is whether those leaving were long-time homeowners who sold their home and took a truckload of money with them to Texas:...