When tenants live in a property, they cause some degree of wear and tear. This can range from minimal scuffs on walls to more serious harm, such as stained carpets or broken appliances. It’s important to recognize that wear and tear is different from intentional...
Year: 2023
Are Realtor Commissions Negotiable?
Are realtor commissions negotiable? Sure....how high do you want to go? 😆 Commissions aren't all the same, just like agents aren't all the same. Different agents charge different rates because they do different things for the consumer. Commissions/fees range from...
Local Zillow 1-Year Forecasts
These are getting into the lazy zone now because predicting 2% to 4% increases over the next 12 months doesn't take any real forecasting - they are just safe guesses based on historical norms which flew out the window with rising rates about 18 months ago. They might...
The Slow Show
Last played here in 2017 - we thought the guitarist was trying to look like me:
NAR Lawsuit – The Aftermath, Part 2
Now what? The National Association of Realtors clearly underestimated the chances of losing this case - and the others to come. They must have thought that touting their 100-year old Code of Ethics was all that was needed to impress people, and instead they found out...
Local Sales and Pricing
They update the previous month's stats on the first of month, so here's the latest for Carmel Valley, Carlsbad, and Encinitas: Encinitas had an crazy price bump in June, but toss that stat out and the pricing looks fairly steady. There just aren't enough homes for...
NAR Lawsuit – The Aftermath, Part 1
A federal jury today agreed with the plaintiffs that organizations such as Keller Williams, Berkshire Hathaway HomeServices of America, and the National Association of Realtors had violated the law by conspiring to inflate commission rates. Their attorney then filed...
Plaintiffs Win
Many think this won't change much about commissions. They might have to go higher to pay for the damages! A jury in Kansas City, Missouri, sided with a group of homeseller-plaintiffs Tuesday, ruling that real estate’s biggest names participated in a conspiracy that...
San Diego Case-Shiller Index, August
The local index increased to 419.08 in August, and is angling towards the all-time high of 427.80 reached in May, 2022. Even if the increases slow the rest of the year, we should get back into record territory by the time the 2024 home-selling season begins. The San...
SW Carlsbad Entry Level
This was listed for $1,438,000 at the beginning of March, but no takers. They lowered the price to $1,398,000 after two weeks, and then moved down to $1,349,000 a week later (which usually means they weren't getting any traffic, let alone offers). By the end of May,...