I have bought with friends before, and I'll never do it again - you have to reach full agreement on everything! And don't do anything quickly! (bottom paragraph) For some New Yorkers who have been priced out of New York City’s real estate game, pooling resources with...
Market Buzz
More Granny Flats!
We know there are millions of people thinking about downsizing, due to costs, maintenance, and their health. But the real estate market provides few quality turn-key solutions. It makes sense to encourage homeowners to add a granny flat! From the latimes.com: To...
Chinese Bank Files Lawsuit
The PC paranoia about foreign investors could get run over by determined bankers. Once they get momentum from a couple of successful cases, it could temper future investment. From the G&M (H/T SM):...
Pokemon Go and Real Estate
Good grief: http://www.cnbc.com/2016/07/14/how-pokemon-go-could-help-you-sell-your-house.html On a steamy summer night near Manhattan's Washington Square Park, real estate agent Jay Glazer hoped a redesigned roof deck might help draw potential buyers to the open house...
ASG and KK
We're wrapping up the celebration of Kayla's 25th birthday! (yesterday) She was born on the day of the 1991 All-Star Game. I got to hold her in my arms and watch baseball on TV from Day One! The game was in Toronto, and Benito Santiago and Tony Gwynn both started...
San Diego’s Pending Index Rises
Work with an agent who is well-versed in handling multiple offers! http://www.car.org/newsstand/newsreleases/2016releases/may2016pending Pending home sales in Southern California as a whole rose 5.6 percent from May 2015 and 2.4 percent from April, thanks to...
One-Story Premiums
Richard and I were discussing the phenomenon of houses selling for prices that are well-above comps - and how they almost always end up being all-cash sales. Back in the day, the cash buyers always demanded the best deals - figuring that because they were paying cash,...
Current Market Trends
Here are the thoughts of a two-percenter agent from the Bay Area about her market, which are probably about right. Instead of wild bidding wars, there might only be one or two offers per house - which will leave sellers' egos disappointed, but the market will...
Nothing Price Won’t Fix
A pullback in Silicon Valley? It could happen anywhere! http://www.bloomberg.com/news/articles/2016-05-17/silicon-valley-mansions-linger-on-market-in-real-estate-slowdown Excerpts: A custom-built home in the heart of California’s Silicon Valley had its price cut by...
NSDCC Spring Kick Report
We're well into the spring selling season (May 1st is twelve days away), and soon the talking heads will be touting fewer sales this year, compared to 2015. It is short-sighted though, because 2015 was a great year, statistically. When you consider that prices are...