This looks like a miracle in the post-frenzy era, so how do you use it for a logical comp? This is a cautionary tale for the buyers looking at the house for sale up the street. It will be likely that someone will see my high sale closed and just go grab the other one...
President Biden's budget was released today, and it includes modifying the IRS Code 1031 tax-deferred exchanges. His current version probably has no chance of passing as-is: The proposal would allow the deferral of gains up to an aggregate amount of $500,000 for each...
This website allows you to type in an address and see how a property may be exposed to fire, flood, drought, and heat risk - all of which can impact longterm valuation as well as monthly costs as it relates to potential repairs and insurance costs:...
I'm not going to get crazy-optimistic just because the over-list percentage more than doubled MoM, or because last month's median sales price was 11% higher than it was a couple of months ago. I'm just happy that the number of sales appears to have bottomed out. Let's...
We know that the perception is more important than the reality, especially for potential sellers. If they see some media coverage that is slightly positive, maybe more will come to market this year, instead of waiting for some vague unknown day in the future when the...
It was a year ago that my uncle's girlfriend's house went on the market for full retail at $3,195,000. Nobody is going to feel sorry for the buyers who pay a half-million or more over list, and the buyers probably knew that it was lost money for now. But hey, they got...
Have they been watching? Hat tip to Dan for sending this in!
Do higher rates affect the lower-end markets more? Or are the lower-end buyers rushing to beat higher rates later this year? Or is it all about price? The NSDCC market under $3,000,000 looks very healthy. The actives-to-pendings ratio is almost 1:1, and there is only...
Good tips from a local certified divorce financial analyst - if you give up your share of the house, make sure your spouse refinances in his/her name only. Just because you get quitclaimed off title doesn't mean your responsibility for the old mortgage is...
San Diego is only for affluent buyers now: Best metro areas for first-time buyers in 2023 Bankrate ranked 50 metro areas across four broad categories: housing prices in relation to local wages; the tightness of the local housing market; the employment picture; and...
