Spence has gotten involved with Offerpad, joining the other disrupters who lead with lies and insults about traditional realtors. He said, “The real competition for Offerpad isn’t Zillow or Opendoor, it’s the fact that 99.5% of the time people sell their home the old...
I have honored four legends in these pages - my Dad, Doug Harwood, Gary Thompson, and John Wagner. Today we add a fifth. Peter Buehrle, affectionately know to all of us as Peter B, passed away on Sunday. He was gregarious and good natured, always bringing levity to...
Let's call it the Big Confluence: Covid concerns keep diminishing over the next few months. More sellers feel safe to put their home on the market. More sellers find a way to hurry up and get their home on the market. Buyer skepticism rises. Agents get too cocky....
Thanks to the readers who sent in the recent WSJ article that mentioned that the national inventory is so bleak that there are more realtors than homes for sale (1.04 million homes vs 1.45 million realtors). Let's check the local productivity. The graph above shows...
This was filmed at Johnny's 13,880sf house in Hendersonville, Tennesee where he and June lived until their deaths in 2003 (shortly after this was filmed). Trent Reznor wrote the song while living in Sharon Tate's old house - yes, that house - and after he watched this...
Those with good-paying jobs who've discovered the benefits of working from home are the ones who are most-likely fueling the ferocious demand - especially in what's now the $1,000,000-$2,000,000 starter-home range between La Jolla and Carlsbad (can't believe that I...
To provide some transparency on the deal-making on the street, here's a review of properties that have gone pending this week. I didn't intend to make a blog post out of it, but I had inquired about the availability of these listings, and for my own knowledge I like...
Thanks to just some guy' for sending in this article comparing prices, rates, and inflation: https://awealthofcommonsense.com/2021/03/what-if-housing-prices-arent-as-high-as-they-appear/ It's a feel-good idea that inflation and lower rates can ease the pain of...
Highlights from the CB CEO: 20% of all homeowners are considering selling in the next 12 months. 40% are thinking of upsizing. 30% want to cash out (probably the downsizers). 30% would move because they can work from home, and 40% to 60% would leave their city or...
Thanks to the many folks who sent in this article about a seller who stayed in his house after escrow closed. In this raging market, it is customary for listing agents to suggest seller rentbacks as one of the sweeteners to get an offer accepted, and will deliver a...
