The NAR is pushing their latest propaganda above - but they they gloss over the fact that YoY rates were only 1/4% better in March and April when those decisions were made to close the sales in May. Rates started rising in 2018, and you can see how it affected the...
Month: June 2019
More Carmel Valley New
Because they are building such large houses, the one-story plans barely fit on these interior lots that have slopes. Toll has literally redesigned smaller versions so they can get a bigger backyard.
John and Wife
She turned his bachelor pad into a family home, and now it's for sale: https://www.architecturaldigest.com/story/john-stamos-beverly-hills-home
Alternatives to the MLS
If the MLS goes away, then what? It probably won't go away, at least not until it runs out of dues-paying members. Buyers, sellers, and agents will just choose other more-effective options instead. Check out this one that provides an investment platform with several...
12-Month Lows
Good golly mortgage rates are at mid-to-high 3s and the lowest in the last 12 months. If sales don't ignite then the list prices are way out of wack! http://www.mortgagenewsdaily.com/consumer_rates/913853.aspx Mortgage rates plunged today as the bond market extended...
The Decline of MLS Civilization
The traditional way of selling homes has been picked apart for years now, and the players of the future are emerging. It's shaping up to be a competition between full-service brokerages vs. Redfin vs. ibuyers. This article describes the power play, and features...
Top 20 Cities
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ At this rate, the median price in 2039 will be $2,988,000! Hat tip to Richard! San Diego County residents who bought homes in the 90s are reaping the benefits of a hot housing market. Homebuyers who...
Google Commits to Housing
I'm glad to see a major corporation doing something for housing, though they take a beating on Twitter - many of the comments are negative. FYI - their net income was almost $9 billion in 4Q18. An excerpt from their press release: Today, Google is one of the Bay...
Kayla Update
Kayla was in town last week for her sister's college graduation. We didn't get a chance to put it on video, but we did discuss what it's like to sell homes in Manhattan! Her team has several listings, and she does open houses regularly. The format there is quite...
Princess Trail
Dave and Marlene are my people!