This week's examples of the hysteria in the marketplace: Richard, I wanted to let you know before it hit the mls that the sellers accepted another offer on Talca. Your offer did get there on time and was presented. I have 16 offers in hand right now and have not...
More video of higher-end tract homes being flipped in Carlsbad:
Welcome! My friends at Business Insider publicized the open bidding event today: http://www.businessinsider.com/southern-california-home-auction-2012-11 We listed this 1,541 sf house on November 2nd for $399,000, based on these model-match sales: $360,000 - July, 2012...
I was quoted yesterday by an AP reporter, who was doing a story on the last month's sales that included a very sexy headline, "California Home Prices Rise 19% in October": Jim Klinge, a broker in north San Diego County, said one of his customers bid on 14 properties...
Pay cash for your next home or get a mortgage? Some wealthy home buyers are choosing both. It’s called delayed financing, in which buyers pay cash for a home and then take out a mortgage soon after closing. Rarely used even two years ago, experts say it has picked up...
A reader sent in this note about selling a 1,190sf house in South S.F. listed for $549,000: Jim- Hope all is well with your mom. If you make it back up here on a social visit and have some time let me know. Just thought I would let you know I survived, and the house...
A sellers' market appears to be emerging in some areas in California. The California Association of Realtors® (C.A.R.) said Thursday that favorable home prices and record-low interest rates are making the market competitive to the point that nearly six of ten houses...
Here is the 59-minute video of the discussion from the recent Zillow Forum On California Housing - the title of this discussion is: Is it a Good Time to Buy in California?: The Housing Market’s New Normal I agreed with Mark around the 41-minute market that we are...
When Grant Fry spotted a listing one night for a four-bedroom house in Orange that seemed to be exactly what he was seeking, he knew he had to move fast. He showed up at the home the next day: "We were here. Bam." He submitted an offer five hours later, at the full...
Competition for lower-priced homes in California is so hot that the number of cheaper homes available for sale has sunk more than 40% in the last year, pushing out many would-be buyers. Homes that sold for $313,200 or less were the most competitive type of home...
