Buyers are frustrated that there aren't many, if any, new homes for sale around the coast, which forces them to consider near-new resales like this one - built in 2018 and just sold for $1,380,000:
NE Carlsbad
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Month: November 2020
Zillow Raises Appreciation Forecast
I showed three houses over the weekend, and other buyer groups were looking before and after. For every hot buy, it seems like there are 5-10 buyers! This enthusiastic demand coming in November can only mean that the 2021 market is going to go ballistic. We will get...
Inventory Watch
In seven out of the last eight weeks, we’ve had more new pendings than new listings! This week's count is 51 new listings, and 92 new pendings! Could it happen that in 2-3 weeks, we could have more pendings than actives? Looks like it!...
Danny’s Duplex
At least you get two renovated homes for $14.6 million!
Who Is Moving Where?
Ryan was nice enough to provide the latest data (2019) from the U.S. Census Bureau on where Californians are moving, and where our new residents are coming from - at least before the pandemic. The big winners on a net basis: More Californians moved there: Texas: ...
Will Prop 19 Increase Inventory?
The U-T asked their twelve real estate experts about the effects of Prop 19: Q: Will Prop. 19 substantially increase home inventory in California? Of the local experts, 11 out of 12 said NO, and the justification for the one YES answer could have been just as easily...
Community Property with Right of Survivorship
Question: Our house was titled “joint tenant with right of survivorship” after my husband inherited the property in 1998. We were not married at the time. However we legally married in 2013. Will one of us get the step-up in tax basis when the other passes, or do we...
Buyer-Agent’s Commission Exposed
This is nothing. What would be entertaining is if they required the listing agent's commission to be exposed too. The Department of Justice today filed a civil lawsuit against the National Association of REALTORS® (NAR) alleging that NAR established and enforced...
TV Staging
Watch your TV placement when staging a home. Real estate professionals faced with the issue are divided over where in the living room a TV should go—or even whether it belongs there at all. Hayley Westoff, a Compass real estate professional, told Apartment Therapy...
Non-Refundable Means Refundable
I ran into a 3-offer bidding war yesterday where we were competing against a buyer who had offered a $50,000 non-refundable deposit. The seller wanted us to match it to stay in the game. We didn't like the sound of non-refundable (or their price), even though we...
