From our family to yours, Merry Christmas!
Merry Christmas!
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Year: 2022
$100,000 Over List
A Christmas nod to the real estate fact of life - there's nothing price won't fix! This just closed for $1,200,000 cash after a 7-day escrow:
Higher Rates in Spring?
It's bad enough that the Fed chairman doesn't know how his actions will affect the markets. If you didn't know, wouldn't you be cautious? Apparently not for Powell, and it seems likely that the Fed will bump their Fed Funds rate another 3/4% in the first half of 2023...
Realtor Lawsuits
As you may know, there are multiple lawsuits pending that accuse realtors of price fixing, and it ain't looking good for us. Here is evidence provided in court - thanks Rob: The Franchisor Defendants provided training to brokers which directed them to offer a 6%...
Terry Hall, RIP
The Specials, along with Madness and the English Beat, brought us the ska movement in the late 1970s/early-1980s. Their lead singer, Terry Hall, died unexpectedly this week at age 63. Hat tip to just some guy for sending in this article:...
Zillow Local Predictions
As the national leader of real estate, Zillow is attempting to guide people with data, thankfully. Their Home-Value Index has been decent, and I'll take the -7% for San Diego....which means our premium areas haven't felt much decline at all. Their comment on current...
Seniors Are Flush
The #1 reason that the real estate market has been in the doldrums over the last few months is because of the inept response from realtors on how to handle it. There hasn't been ANY real guidance or advice coming from NAR and other industry leaders on what to do,...
The Best Real Estate Podcasts
I don't listen to podcasts but I probably should. Do you? Should I do a podcast? Maybe I can work one in occasionally next year. It always seemed repetitive to talk about the same things you see here on the blog, but I could always tell old stories....
2023 Forecasts
The 2023 real estate forecasts keep coming in. With the radical change in market conditions, the annual statistics are going to look dramatically different from the more recent activity - look at these differences in home sales between La Jolla and Carlsbad. NSDCC...
Quizzing The Listing Agent About Price
Here's an example of the dialog between agents as they feel each other out on price. I don't think it's ethical for listing agents to be giving away this much information, and the art of taking these calls is to learn more about the buyers and their agent without...
