The crime of the century was committed at this house. At the end of 2021, the listing agent priced this house at $1,799,000, and then spooned it over to her flipper buddy for $1,650,000 without putting it on the open market. TWO MONTHS LATER, the flipper listed it for...
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They calculated that baby boomers provided 4.41 million of the 7.74 million homes for sale in 2019 (57%). Now that younger homeowners are locked into their forever home, it's likely that the percentage of estate sales will rise dramatically - but only because there...
What are some of the tricks being used today? Ten minutes after I left the open house on Sunday, I received a call from an officer at the Carlsbad Police. Someone reported bones in the backyard, and he was investigating whether they were human or animal bones because...
The number of sales ticked up from April, and the crazy way we measure pricing is up too: Though the pricing rally is continuing, we gotta be near the end. June will probably be the peak for 2023.
I disagreed with the expert opinions yesterday. What are they missing? My thoughts: We cannot apply any previous assumptions or beliefs about real estate sales to the market conditions of today - we need to clean the slate. The discussion starts with how the number of...
This listed for $1,899,000 at the beginning of March, but no takers. They reduced to $1,790,000 after a month and let that ride for two more weeks. After that, they cancelled the listing and re-freshed it at $1,749,000. Two weeks later they found a cash buyer who paid...
Here are expert opinions on the market. I disagree with all of them: The year started out with signs showing that the Federal Reserve’s inflation-fighting tactic was effective in cooling down the hot pandemic housing market. For the first time in 11 years, home prices...
Today, we have the highest number of active listings of the year, and the lowest number of pendings since the first week of February. There were only 17 new pendings since last Monday, which is the lowest weekly total since the beginning of January. Were buyers on...
The experts are saying that real estate has recovered and everything will be fine now, in spite of high rates. They are quick to add that nobody can predict the future! Well, it looks fairly predictable to me. The previous three years plotted above were the hottest...
