This is the Deputy Chief Economist at Freddie Mac: It is incredible to see the trend change in every category around 2016 - as if there was a societal shift that gave permission to get back in the game. Maybe that's when the Bank of Mom and Dad kicked in, and their...
Reviewing some of the quality upgrading Tom did at the Stewart house:
Of all the other choices over the last 40 years, I'll take the last four years as my favorite trend line! Thornberg has been the most level-headed analyst since the bust: The annals of postwar Southern California real estate history are full of boom-and-bust cycles,...
There are times when the general market is in a funk and homes aren't selling - when it's easy to think, "Oh this is it, we're cooked". There are also times when the market erupts, and a series of homes that have been languishing for months and/or homes that appear...
Here is Tom giving a tour of the detailed work he did at the Stewart house: Part 1 shows the work progressing over time with before-and-after photos too:
We had a real fixer for sale in La Costa - a house that had undergone six months of demolition, and was left with no kitchen or baths. In a picky market, these are the types of homes that get left behind, right? We had seven cash offers. Now in escrow! Youtube...
For those who want to build out a project your way, have I got a deal for you! The architect drew up plans for a 3br/3.5ba house plus a 1br/1ba granny flat, and they just needs the finishing touches. Last sale nearby was 7503 Solano St for $975,000 in June. Will not...
Pardee has four new tracts of homes in Carmel Valley. There will be a total of 377 houses here, plus a fifth tract (and the highest-priced), Vista Santa Fe, which is opening in January. The grand-opening-after-the-pre-opening is this weekend and remarkably they have...
Tom saw that Stewart had a new banner on Redfin, and he wondered if I refreshed the listing on the MLS. I didn't, and when I checked, the other listings nearby that have been active for months had the same look: Buyers are probably smart enough to figure it...
We have a fundamental problem in the housing market - how it works today. New listings are distributed within minutes these days, and waiting buyers are on the edge of their seat. Those who were already frustrated with high prices, higher rates, and coming soons want...
