Surprised we don't see more of these - and wouldn't you disappear after stealing $5 million? LOS ANGELES – A Southern California brother-and-sister team were arrested today on federal charges alleging they orchestrated a $6 million real estate fraud scam in which they...
Month: April 2021
Staging in 2021
Staging and professional photos create the best first impression of a home, which helps to pre-sell the buyer. It makes them want to get there faster to confirm they've found the right house for them. How much does staging add to the price? Hard to put a specific...
When The Frenzy Busted Loose
The real estate market was boisterous in last half of 2020, which made it easy to predict that once we got past the election and into the new year we'd probably see the Greatest Real Estate Frenzy Ever. Let's use February 22nd as the day the frenzy really kicked in....
Listing Agents & Bidding Wars
Let's review how some listing agents have been handling their bidding wars in 2021. Ignored a $60,000 non-refundable deposit and took an offer that was $40,000 lower. Once they get to the highest offer, they insert their own buyer at the same price. Let an escalation...
Historical Photos
If you want to go down a rabbit hole of historical photos, click below - it may cost you 30-60 minutes! https://mil.library.ucsb.edu/ap_indexes/FrameFinder/
Newport Coast $20M
https://www.realtor.com/realestateandhomes-detail/34-Pelican-Crest-Dr_Newport-Coast_CA_92657_M14317-77217
Inventory Watch
Did you get concerned about the pending index falling another 10% last week? The U.S. housing market is suffering from its lowest supply in history, and that is taking an increasingly hard toll on sales. Pending home sales, a measure of signed contracts on existing...
Zestimates During Frenzy
Today: This isn't the type of environment that you should put much stock in your latest zestimate. A month ago, on March 3rd, the zestimate was $1,336,035. Today, on April 4th, it is $1,723,510. Zillow wants you believe that their zestimates are within 1.9% of being...
Pay-Per-Showing
We have another disrupter who is providing a service you didn't know you needed until now. Traditionally, a buyer's agent accompanies their clients to show them the homes for sale, and to give expert advice about each house while on site. But other real estate...
Mortgage Rates And Home Prices
Matthew makes the case here that the current uptick in mortgage rates may not affect home prices: There was a big rate spike at the end of 2016 that had no discernible effect on prices. This is notable because that rate spike was fueled by economic optimism as...