Everyone is getting into the home-buying business. First it was the well-funded disrupters like OpenDoor and Offerpad, and then Zillow, Redfin, Knock and others jumped in - which caused Coldwell Banker, Keller Williams to also announce their programs (plus Compass...
In the last post we saw how expensive kids can be, and taking care of the growing number of seniors is another strain on the Bank of Mom and Dad. Thanks daytrip for sending this in from the latimes.com - an excerpt: “We are exquisitely unprepared for that [oldest] age...
The number of pendings went up this week, giving hope that our local real estate market will glide through the off-season. There are 19% more houses for sale between La Jolla and Carlsbad today than there were a year ago, but it doesn't feel like it - unless you are...
Factor in the cost of raising children into the future housing demand - how much farther can the Bank of Mom and Dad go? Hat tip daytrip: The average cost of raising a child until age 18 today is more than $230,000— but that number only gets higher when children...
Sellers should do more to their properties today to get them sold. Even those who were nicely updated with the golden Tuscan look or cherrywood floors and cabinets just a few years ago look dated today. Modern photography doesn't hide it, and in some cases can make...
This is getting carried away now - hat tip daytrip:
OK, now this gentrification stuff has gone too far. Hat tip Laker Joe! Gentrification has accomplished what eluded city bureaucrats for decades. Oceanside’s Main Attraction, North County’s only remaining topless club, is going away. A five-story 308-unit, apartment...
For those looking for our jumping-the-shark moment, this might be it. Inventory is growing, and there is only one reason: More prices are wrong. But when you sell your best asset down the river and let amateurs run it who are out of touch with reality, you get...
One last promo - any brokerage or disrupter who is going to contend needs to spend Zillow money ($100M/yr) on similar advertising to theirs:
After today's NFP report, we can say that 5% mortgage rates (no points) have arrived - sellers can offer to buy down the rate to help ease the pain for buyers. Yesterday's thoughts from MND: So is it possible for bonds to see such a reversal? Yes, but it's equally...
