What if you convert a vacation home to your primary residence, live there for at least two years and then sell it? Can you qualify for the full $250,000/$500,000 capital gains tax exclusion? No. If you sell a main home that you previously used as a vacation home, some...
With the number of sales taking a dive for the next few months - which could turn out to be a few years - we really don't need as many realtors. Older agents who have been looking for a reason to retire sure have one now, especially if they believe all the...
One of the biggest shows of the year rolls into town on Tuesday, and many of us are still scratching our heads about who should headline. I paid to see the Psychedelic Furs play the OAT at SDSU back in the 1980s and always thought they were a fine punk band of the...
If the reason the housing frenzy stalled was due to higher mortgage rates - and then mortgage rates come down - shouldn't it ease the concerns? Unfortunately, the national doom-and-gloom is heavy and persuasive, and reliance on ivory-tower guesses can become a...
Check out Kate's Old-Spanish-style one-story listing on 2.27 acres in Olivenhain!
The graph above shows how the 2021 off-season wasn't off by much, with nearly half of the Nov-Jan sales closing over their list price. We probably won't see that happen this year! On the street, it feels like the off-season is already here, which is fine. The...
Inventory tends to be seasonal in nature, so we've probably seen the peak for 2022. We've probably seen the peak number of pendings for this year too! Today, there are only 151 homes in escrow, and in July we had 152 sales. It's feasible that we will have fewer than...
It doesn't do any good to lower your price if there are no buyers. Sellers of superior homes should wait it out and take their chances later....because the next selling season is right around the corner.
Our full-price buyers backed out of their purchase of my new listing in La Costa Oaks due to fear of fire. I was there in 1997 when the last fire blew through La Costa - you may remember me being interviewed by Susan Taylor on NBS that night - so I'm aware of the...
Yesterday I joined Molly of Real Talk Media for a couple of thoughts about next year's market: The key to market conditions will be the inventory - no surprise there. If there was a surge of newer McMansions for sale that were upgraded, well-presented, and had decent...
