Today's home buyers want bang-for-the-buck, and don't want to compromise. This new-home tract in Carlsbad is feeling it - three houses sold over $1 million this past weekend, while six others are sitting unsold from $769,000 to the low-$800,000s: (This was taped last...
We stopped at the Pardee tract in Carmel Valley called Manzanita Trail a few months back, and a reader asked for an update - here is a link to our first visit: Link to original post Here is the follow-up: Pattie is a great salesperson, and has a lot to do with their...
From our friends at the voice: http://www.voiceofsandiego.org/articles/2009/09/20/government/237park092009.txt An excerpt: They moved into the unfinished, developing community expecting that as it grew, public facilities like schools, parks and libraries would follow....
You gotta feel for the guy in the second clip:
Vacant commercial space is everywhere - especially with office condos around North SD County: CR scooped me again with my own video - it had been a couple of months!
This Carlsbad tract is pretty well hidden - I didn't know it was there until last weekend, and when I first drove by I didn't see it. Builder K. Hovnanian started on these models in June 2007, just as the easy money dried up - and that's as far as they got. Here's...
From the sddt.com: The June Chapter 7 liquidation of what had been a billion-dollar Southern California homebuilder has reached into San Diego County and hundreds of residential parcels from Black Mountain Ranch to Oceanside have been affected. In its Chapter 11...
Kelly did a follow-up to the downtown-condo debacle known as 'Vantage Point': http://www.voiceofsandiego.org/articles/2009/06/24/survival/216vp062309.txt They are breaking up the 679-unit condo into six pieces, some for sale, and some for rent. An excerpt:...
from the WSJ: By 2006, Lennar decided that the good times were nearing an end for the housing industry. That summer, Lennar began to cut home prices to boost sales and generate cash in preparation for a downturn. Lennar also looked for ways to jettison land. Lennar...
[Jim was kind enough to leave a JimTV in the cue. Enjoy. -RD] On second look, the 10% undercut mentioned in this video is harder to discern. We'll call the 'upgrades' credit even, figuring all buyers got something similar. They have a slightly smaller house (2,976sf)...
