Here's how we got here, and why it will probably continue - H/T daytrip! http://www.bloomberg.com/news/articles/2016-11-21/cheer-up-america-1-700-millionaires-are-minted-every-day The U.S. is home to a working class suffering from stagnant incomes and declining job...
We received 16 written offers on the Bluff Ct. property - here are notes: Five agents were from the LA/OC area. Because their MLS (CRMLS) covers most of the rest of Southern California, they were used to traveling to sell a house. San Diego home sellers...
Well, now what? Will there be a flood of new inventory from those who leave the country? No way - the mega-rich celebrities might hit the road, but normal people will stay put. We have it too good here, and moving to another country is everything its cracked up to...
This is the chart first displayed on November 1st, with this version showing the updated count for last month's closings per day. As you can see, we are coming off a scorching October around NSDCC - almost as hot as 2012, which led to the Frenzy of 2013: Year October...
It would be natural to assume that sales start dropping off once we get into November. But do they? Not really. November has the most holidays of the year (three) when the county recorder's office is closed. Let's compare the number of NSDCC closings per business...
Our listing on Cherokee closed yesterday. It was the 2,527sf three-story house that backed to the I-15 freeway - the one where we had 200+ people attend the open house. The final tally at the Zillow page was 3,745 views, and 77 people had saved it as a favorite...
Seen at Mish's blog: A Point Grey house with a stunning view has sold for more than $9 million — $1,172,000 over the property’s list price. The 1928 house on Bellevue Drive was offered for sale for $7.888 million. Realtor Bo Park said the seller received 11 offers on...
There has always been some sort of relationship between inventory and sales. When inventory is tight, sellers have the advantage because buyers get frenzied up and just pay the price to win one. With a smaller increase in inventory, the frenzy can soak up the supply -...
A twitter guy wants a yes or no answer to whether it's a good time to buy. Good time to buy? @Bubbleinfo says YES https://t.co/zFMtxTyyTo; On opposing side, @thefredglick says NO! https://t.co/t5DSOGajA1 #RealEstate — Bill Wendel (@RealEstateCafe) April 6, 2016 He...
Do you buy anything that's cheap(er), figuring that the demand will become unglued and prices continue racing towards the sky - or sit this one out? P.S. Three offers are in on Cherokee, and more expected....
