Many years ago, we purchased a home in Carlsbad, using a realtor that was recommended to us - Jim Klinge. Fast forward to 2025, we recently had the privilege of selling 2 homes in Carlsbad, CA and didn't hesitate to reach out to Jim and Donna Klinge of Klinge Realty Group to guide us through the sales. The transactions were very different, each with its own unique situation, opportunities and challenges. From start to finish, Donna and Jim helped navigate the pre-sale preparation, the listing, showing of the house, buyer negotiations, the final close and all of the paperwork and decisions in between. What stands out with both transactions is the professionalism of Jim and Donna (and their team), wonderful communication (timely, relevant, concise), their deep understanding of market dynamics (setting realistic expectations), their access to top-notch contractors, and last, their ability to guide us across the finish line successfully. We wouldn't hesitate to use Jim and Donna in the future and highly recommend them for anyone looking to buy or sell a property in North San Diego County.
No bailouts for “homeowners”
It seems like Realtors have accepted that home prices likely wont be going up at least like they used to. The next phase is for homeowners to accept the same which will take a while. During this time they’ll burn equity looking to sell for the price they’ve defined in their head.
For sellers when markets go down the first one to sell makes the most money. So cut price quickly, get out first, and hope prices dont go up again.
For realtors theres a lot of equity floating around. This means sellers can wait out selling for a long time. Which translates to fewer commissions and further apart. To address this either get really good at convincing sellers to sell at lower prices. Or, if theres no equity brush up on short sales.
Theres talk that Trump will can the chairman of the fed. If this happens it will take a 2%-3% rate cut to get the plates spinning again. (Like they were)
If things stay on the current trajectory and prices start going down. Pressure will be on banks to start foreclosing again. Will they? Who knows.
The one odd thing about all the changes Trump wants to implement is that theres no funding for local business startups defined. If you want to displace manufacturing in foreign countries there should also be a component of investing in local businesses to make that happen.
Solid points, especially the last one – thanks Shadash!
The rules of the game have changed Shadash. Loan modifications for starters. If there are foreclosures they are now packaged up and sold (given) to private equity and credit firms. Sad, but true. No more onesies. Ask about the many dishonest realtors that formed LLCs to hide their names from 2008-14 and got the REO scraps left on the table by the big boys.
Appreciate the solid info on package deal bank REOs. Makes sense.
All this will do is prolong the impass between buyers and sellers. Hopefully banks will see that they can make more money on the onesies and twosies instead of selling in bulk.