I'm a big proponent of kids taking over the family enterprise, especially when they remain so true to the original: The life and music of Gregg Allman will be celebrated with an 18-city Allman Family Revival tour that kicks off November 27th in St. Louis and wraps up...
Month: September 2021
Carlsbad Beach Hut
Here's an example of what you get in a cheap beach condo west of the tracks in Carlsbad and only block-and-a-half from the beach. This sold for full price, $699,000:
Publicizing The Listing Agent
The old rule was that any agent could advertise any MLS listing via the IDX, as long as the listing agent's name and brokerage was displayed. But now you have to include their contact information too. He sounds confident because this is clearly a shot at Zillow but...
Successful Auctions
Nicolas Berggruen, a real estate investor who earned the moniker “homeless billionaire” through his jet-setting lifestyle and lack of a permanent address, just shelled out $63.1 million for the Hearst estate in Beverly Hills, winning the prized property in a...
Pacaso Strikes A Nerve
They will get some flak in the tony areas but it's a great way to make 12% commissions on expensive luxury properties ($2,000,000+ minimum) plus management fees. An excerpt: Pacaso announced today that annualized revenue run rate has hit $330 million. In the second...
Batter Kay
The two local legends Michael Batter and Janice Kay-Batter talk architecture and real estate: The list price on this Compass listing is $4,375,000 and it's now pending.
Disruption From Mortgage Companies
Mike sent out a comparison of mortgage lenders and their quest to disrupt the real-estate-selling business. Here he shows how Rocket is the dominant mortgage lender in the country, and their press release describes their ambition - they think being the...
Forbearance Expirations
Hat tip to GW and AK who sent me an article by Fortune, that references this article: https://www.zillow.com/research/forbearance-exits-inventory-2021-29931/ An excerpt: With expiration of a broad federal foreclosure moratorium on July 31, hundreds of thousands of...
Inventory Watch
There were 48 new listings between La Jolla and Carlsbad this week, and 48 new pendings! The pendings are evenly divided too: NSDCC Pending Listings: 0 - $1,000,000: 7 $1.0M - $1.5M: 78 $1.5M - $2.0M: 77 $2.0M - $3.0M: 78 Over-$3,000,000: 77...
Inventory Shortage
The NSDCC Monthly Sales were hopped up in April and June of this year, but are now getting back in line with previous years. Is the demand 'cooling off', or is it because we don't have enough homes for sale? NSDCC Listings & Sales Year June Listings July Listings...