This topic came up in my 45 hours of continuing education, and Donna agreed that rarely do listing agents comment on their seller's disclosures - do they even read them? A focal point as we transition into single agency: To complete the disclosure process, the...
Year: 2023
Rate Buydowns
People might think that 8% mortgage rates will kill the real estate market, but they are one more thing that can be fixed with money. Two popular strategies to lower the mortgage rate: 30-year fixed rate buydown: Paying one point, or 1% of the loan amount will lower...
California Exodus
The number of former Californians who became Texans dropped slightly last year, but some of that slack was picked up by Arizona and Florida, which saw their tallies of ex-Californians grow, according to new state-to-state migration figures released Thursday. The flow...
Tour of Fenway Park
Natalie's last show with Karol G was in Boston and because it could be the last show ever, we felt compelled as committed parents and fans to attend. This was my first trip to Boston and because many of my best friends were born and raised there, and because it was...
Tenant Protection Act
In 2019, the state legislature passed a bill that had two profound impacts: It prohibits an owner of residential real property from terminating a tenancy without just cause. It also prohibits an owner of residential real property from, over the course of any 12-month...
0% Commissions
Currently, every listing agent is required to offer some sort of buyer-agent compensation on the MLS. Zillow and Redfin publish those commission amounts on every listing now, so they are all out in the open. Today, there are 79 homes for sale between La Jolla and...
More Hopium
Morgan Stanley analysts previously expected national home prices to fall 4% in 2023, as the housing market continued to crater, and reaffirmed their pessimistic forecast in April of this year. But the analysts recently changed their tune in a big way: They now say...
NAR Lawsuits
People are asking about the NAR lawsuits - hat tip to Susie, Gerry, and Carl! The lawsuit that began this week contends that realtors force sellers to pay a commission to the buyer's agent. Two defendants, ReMax and Anywhere (Coldwell Banker, Sotheby's, etc.) have...
Eighterater
How are those expert opinions doing? Doug Duncan, chief economist at Fannie Mae, was acknowledged as the best forecaster in America last year when he was honored with the Lawrence R. Klein Award for Blue Chip Forecast Accuracy, one of the best-known and...
$23,500,000
Four homes that have sold for more than $20,000,000 in the Ranch. The highest was $22,995,000 in 2021! https://www.compass.com/app/listing/5385-linea-del-cielo-rancho-santa-fe-ca-92067/1354327752629851961