Five-hour open house today doing what I love to do - talk to interesting people about real estate!
Beach Report
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Month: March 2023
Placerville, CA
If you'd like to move to a small town in Northern California of 11,000 people with its own historic downtown area and yet close to other amenities, consider moving to Placerville: https://www.zillow.com/placerville-ca/
Will Lower Rates Fix Real Estate?
More stress in the financial sector today is forcing the bond yields lower, which means mortgage rates should be dropping too. There is also talk about the Fed having to pivot and begin cutting rates this year. Wouldn't that be nice! But would it fix real estate?...
Carlsbad Beach Bungalows w/Ocean Views
Cute & cozy beach bungalow in front, plus a 2br/2ba ADU in back with ocean views! The most exclusive real estate in the world is within one block from the beach, and its value is soaring! Garfield condos selling for $2,000,000-$2,500,000, Garfield triplex closed...
What’s Left Of Spring Selling Season
I know that season of spring just started this week, but our home-selling season has been underway since the Super Bowl. It usually lasts until the graduation season starts in mid-May, then Memorial Day is the first long weekend in a couple of months. After that,...
Kayla and I
I was going through some old footage and found these - and I'm not sure they've been seen before: For those who don't know, our daughter Kayla worked worked with us for five years before moving to Manhattan in 2018, where she's a realtor. Here is her Instagram account...
List-Price-Accuracy Gauge
A great quote about higher-end listings from this free WSJ article: Tomer Fridman, a luxury agent with Compass said the prices on some of the homes were exorbitant in the first place, so the reductions represent a long-overdue correction. “When you do a price...
Del Mar Airport
When Bing Crosby and the other Hollywood guys started racing horses at the track in Del Mar, there was an aiprort nearby that made the excursions from Burbank to the Turf by the Surf much easier. Think if the airport was still in use!...
Gift & Estate Tax
It's natural for people to wonder how this will all play out. The Fed raising their rate until they crush inflation (and everything else), home prices are higher than just about anyone can afford, and inventory levels so low that prices will probably keep trending...
Inventory Watch
Until there is a significant increase in inventory, we won't know how the current market conditions are affecting the demand, if at all. I thought we'd get off to a sluggish start, but this is shockingly low: Total NSDCC Detached-Home Listings, First 13 Readings of...
