Recently the president of the local association of realtors was asked what the real estate market will do in the future. His response: "Nobody knows what the market is going to do in the future". Of course, immediately after that comment he said, "Interest rates have...
A former federal regulator who served when the 2006 housing bubble burst is concerned that today’s housing market is on an unsustainable path. The housing market’s affordability is worse than it’s been in decades as mortgage rates toy with 8%. The median price of a...
Mark Wahlberg says he has no regrets about leaving Los Angeles for Las Vegas a year ago. In 2022, the actor said he moved his family to the Silver State to give his kids a “better life.” Wahlberg is married to model Rhea Durham, and the couple has four children....
The video seen here yesterday was an offshoot of the documentary film, Owned, A Tale of Two Americas, by Giorgio Angelini. He contacted me in 2013 when he first started out on his coast-to-coast journey to investigate the housing bubble, which I had become notorious...
There is no cool-down period now. Once a purchase contract is signed, the seller has to sell. Katy Perry's real estate history hasn't exactly been smooth sailing. The singer has been wrapped up in several legal battles with elderly homeowners in California, and the...
We have plunging sales mostly due to plunging inventory! The supply and demand has plunged at the same time, and there is no way to know that if the inventory were to grow, would there be enough buyers to soak it up? Today's inventory is full of the leftovers that...
This was filmed by Giorgio nine years ago against my will - my only time cussing on the blog. Tips still apply: We still live at the same house! Hat tip Yogi Garry!
They wait until the week that the trial starts? She should have said 'regularly defraud MORE clients'. The National Association of Realtors laid out a doomsday scenario for the industry in the case home sellers prevail in two landmark antitrust cases. The group warned...
Here are the active and pending listings for each area. We consider a ratio of 2:1 actives-to-pendings to be a healthy market, and five of the 12 areas are 2:1 or better, and seven of 12 are 3:1 or better. For everything we've been through, that's pretty good! Two...
The incredible part about this sale is that it was listed with a Compass agent previously for $9,800,000. The seller dumped $1,000,000 and listed with a new agent for $8,800,000 and then about a week later dumped again and sold for $6,900,000 cash. He dropped...
