Will the day come when boomers need to sell their house to survive? The reverse mortgages have offered a solution for some, but they are expensive and loan limits have been cut back recently. The general real estate market may not feel the impact of boomers running...
Year: 2018
Covenant
Prime area with loads of privacy and Ranch feeling for an attractive price:
Trendy Tuesday
You name it, and there's an app for it! Sherwin-Williams has a mobile app for paint colors. Either it will help you visualize how your home will look with their paint colors, or you can select a color from an image and it will match it to their corresponding color!...
Market Urgency
The house I had listed in Carmel Valley closed yesterday for $1,080,000. We hit the MLS on the morning of Thursday, April 5th, and the marketing began right away with YouTube video on the blog, the 48-hour Facebook ad (above), and open house on the weekend. Carmel...
School Bonds
It's that time again - more school bonds! In an area like Carmel Valley where there is already Mello-Roos bonds on the books, it feels like doubling up - you may want to get involved! A recent survey showed that voter sentiments have not changed significantly on a...
Inventory Watch
The new-listings count cooled off this week - only 99 vs. 138 last week - but the total number of houses in escrow jumped 9%! Rising rates are probably playing a role in the decision-making by buyers, and the expectation of another Fed move is likely to keep the...
Happy Mother’s Day
La Costa Custom
They started at $5 million, but after nearly two years, it closed for $3,525,000 (LP was $3,989,000):
Three-Stage Bubble?
This guy says a housing bubble is brewing because: A) incomes aren't going up as fast as homes prices, B) the cost of building materials has risen, and C) oil production should collapse. But if gas prices go up higher, aren't electric or hybrid cars the answer? For...
Gagosian Mansion in La Jolla
Keith at Modern San Diego had this to report in his last newsletter (see below): The house has been torn down since, and is now the residence of The Lerachs. This is from 2005 when they bought it: Here's how the Lerachs' 5.88 acres looks...