Some great quotes on the current market conditions: http://www.latimes.com/business/realestate/la-fi-spring-market-20160328-story.html The couple is looking for a home under $2 million, but they've found little suitable near a good public school. They've put in only...
The process of selling a house has many variables - let's keep examining. What were the comps used to determine the price? The most important thing about evaluating the comps is to see them through the eyes of the buyers. I cannot stress enough how critical this is...
Yesterday this comment was left by angryPQneighbor: Why did you list this one so cheap? The same model sold almost a year and a half ago in a bidding war over $610K! We are listed for $639,000 in most places, and on the range $619,000- $639,000 in the MLS. He/she...
Every day we hear some pundit talking about the latest real estate bubble forming. Can we learn anything from comparing recent sales to those during the bubblicious 2004-2007 era? Sales were dropping precipitously in 2005 and 2006 after the 2003-2004 run-up. There...
Let's describe the frenzy era.....so far: 2012: Rev the engines, we have liftoff. 2013, first half: Full tilt boogie, prices going up as fast as they can. 2013, second half: Mortgage rates rise 0.75% to snuff out price rally. 2014: Normalizing. 2015: Rates dip under...
We need more homes to sell! From the DQ: http://www.dqnews.com/Articles/2015/News/California/Southern-CA/RRSCA150114.aspx "One month doesn’t make a trend, but December’s uptick in home sales might indicate renewed interest in housing thanks to lower mortgage rates and...
Back when we had a normal market, it was considered 'balanced' or 'healthy' to have a 2:1 ratio of active listings to pendings. Now that the Fed's QE is over, and mortgages are slightly easier to get, today's environment is probably as close to normal as we're going...
Isn't it amazing that prices have kept rising without frenzy help? We've had the frenzy hangover this year. Inventory is still tight, sellers confident, and buyers don't have much choice except to pay what it takes - or to stand by. But sales are softer - and the...
In the spirit of fair play, this isn't right. But in a market where buyers get tired of losing, you can't blame them for trying alternatives. Agents should have a standard policy/strategy on how to handle the escalation clause - get good help! From the Boston Globe:...
The media will soon be touting the year-over-year drop in home sales. Around here it is mostly due to the lack of decent homes for sale - and if you want a decent home for a decent price, good luck. But the glass-half-full view notes how remarkable sales have been,...
