Opendoor, the ibuyer who purchases your home for cash and closes escrow at your leisure (as long as you don't mind paying their 6% to 13% fees plus home repairs) has made a deal to acquire a discount brokerage: Opendoor announced Tuesday morning that it has...
Month: September 2018
Kayla Live!
Kayla has been on the ground for less than a month, but she is fitting in nicely. Her boss William and fellow Corcoran agent Sam do a Facebook Live event every Tuesday, but William was gone today so Kayla pinch-hit in his place. I love her poise and professionalism -...
9/11
Carlsbad Population Growth
For those who wonder what has been propelling the housing market lately, let's note that people keep moving here - an average of 1,500 per year moved to Carlsbad over the last nine years! The City of Carlsbad shows the current population to be between 110,000 and...
Inventory Watch
The NSDCC Pendings by price range vs last week: Price Range # of Pendings Last Week # of Pendings This Week % change Under $1.0M 62 61 -1.6% $1.0M to $1.5M 129 125 -3% $1.5M to $2.0M 64 52 -19% Over $2.0M 65 72 +11% Wow, the Over-$2.0M market is on fire! The total...
Placerville, CA
While we're touching on the Sacramento area, what can downsizers expect? Let's look at Placerville, which is about halfway between Sacramento and Lake Tahoe. This is an older video but they are still in business: Here is a 2,776sf short sale on five acres being...
Pricing Plateau
Hat tip to Rob Dawg who sent in this example of what's happening in most markets - lower-end prices are holding, and it's softer in the higher-end markets. But because the higher-end sellers typically have more horsepower, and aren't going to 'give it away', prices...
Seniors Moving Later
A study released Thursday by Trulia examined the housing situations of homeowners 65 and older and compared it with a decade ago. It uncovered a 3.4% jump in the number of seniors working in 2016 compared with 2005, and a 1.7% increase in the number living with...
Paul in NYC
Live broadcast Friday 5:30pm, and replayed - check it out:
How Far We’ve Come
Hat tip to my father-in-law who sent this in - he wasn't around then! What a difference a century makes! Here are some statistics for 1918: The average life expectancy for men was 47 years. Fuel for cars was sold in drug stores only. Only 14 percent of the homes had a...