Did you know that mortgages sold to FHA, VA, Fannie and Freddie are allowed to exceed to the traditional 43% DTI (debt-to-income) ratio? The rule that allows it is known as the QM Patch, which expires in 2021. But bankers are fighting to keep the exemption from the...
Just to have 30+ brokers come to your new listing must mean something - the price has to be close. But the listing agent has to be able to sell it, which is the missing ingredient for all of the disrupters. Old-time agents gather their evidence and then go all out to...
Thanks to Bill Iannelli who sent in this tour of the Palace Bar in Prescott, Arizona. It brought back fond memories of the summer of 1976, when I spent a week there with a landscape crew. We hung out at the Palace Bar during the annual Fourth of July party, which is...
There have been home sales of $22 million and $23 million on the Del Mar oceanfront in the last 60 days. Hat tip to Richard and 'just some guy' for sending this in (the next Coastal Commission meeting is tomorrow): Del Mar is gearing up for a tussle with the...
Let's flashback four months to the height of the selling season to check on prices: Price May 13 #Actives Avg LP/sf #Pendings Oct 14 #Actives Avg LP/sf #Pendings 0-$1M 102 $470/sf 78 82 $478/sf 54 $1M-$1.5M 201 $497/sf 131 171 $546/sf 94 $1.5M-$2M 159 $599/sf 72 177...
Given the rapid escalation in prices around the 92075, I'm right in there: https://www.californiabeaches.com/beach/tide-beach-park/ The buyer of this house will likely appreciate the benefits of the sandy beach:
506 Pacific Ave., Solana Beach Open House 12-3pm Today! $2,995,000 Solana Beach suffers the same fate as many well-established high-end areas. There aren't many comps to begin with, and it's ripe for off-market sales. Three of the last four on the street were...
Chances are, you have had the thought of moving away and being surrounded with the people you love the most. These best friends are actually doing it. While your ideal “get away from it all” escape may be an island retreat, or mountain cabin in the middle of a forest,...
In today's market, sellers should consider an offer that is contingent upon the sale of the buyers' home. If the seller's home has been on the market for 30+ days, the showings have probably slowed down - and a contingent offer might be the only hope of getting a sale...
