This might be the greatest sucker play in the history of housing. The I-news featured a story about the first five Zillow buys in Phoenix, and as you can see above, they are planning to lose money on all of them. The reporter also interviewed one of the homeowners...
The diverting of money being wired into escrow accounts to close real estate transactions is a real problem, but the authorities are on it - they have recovered $350 million! Unfortunately, they also mention here that $3.7 billion in losses have been reported:...
The Fed raised their federal-funds rate by 1/4% as expected today, and mortgage rates showed their usual indifference: Fannie/Freddie 30-year mortgage rate with no points, yesterday: 4.70% Fannie/Freddie 30-year mortgage rate with no points, today: 4.73% From MND: In...
The cheerleaders have been saying that the fewer sales this year are being caused by less inventory. Is that the case? Looking at the detached-homes between La Jolla and Carlsbad, the number of houses being listed in 2018 looks about the same as in previous years. ...
When buying a home, the opinion of children matter. If you also add what the parents think the kids want and need, and include those variables into the home-buying decision, it would be even higher - probably close to 100%. Centrally-located homes with big yards and...
This article shows that 88% of the home sales in San Francisco this year have sold for list price or higher - wow! In...
The City of Carlsbad will hold a public meeting to discuss how city officials and the community can work together to influence the future of McClellan-Palomar Airport, which is owned and operated by the County of San Diego and largely under the jurisdiction of the...
One of the better rebuilds in the Covenant - just sold for $3,550,000:
A recent client who moved to the Bay Area asked for advice on finding a good agent for assistance in buying a home in a hotly-contested area. My thoughts: Zillow is your best tool - it shows every agent's sales over the last 12 months. Lately a realtor's goal is to...
Last week we saw that the current inventory ranges from 1.3 months' worth on the lower-end, to more than 10 months on the high end. Another gauge we've used is to compare the active listings to the pendings, which also shows a similar condition. It's been...
