Despite a softening market, competition among buyers remained fairly fierce in October, Redfin reported in its Real-Time Bidding Wars release for the month. Last month, 55.9 percent of offers written by the Seattle-based brokerage’s agents faced competition from other...
The desire to bust up the realtor cartel has a long and lengthy history, and each year it seems to take on a new twist. Now it is the realtors themselves who talking about the Big Dismantle: http://www.inman.com/2013/11/09/mlss-at-cliffs-edge-over-pocket-listings/ We...
From C.A.R. LOS ANGELES - More properties were sold above their asking price this year, as tight supply conditions continued to heat up market competition in the first half of 2013, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Annual Housing...
More on Zillow taking over the real estate world - an excerpt: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/29/heres-zillows-strategy-for-dominating-online-real-estate/ Zillow is simultaneously taking on traditional real estate agents, media companies and...
Another professor commenting on the prospects of another bubble, and the renter's society:
Two excerpts, the first from: http://www.businessinsider.com/shiller-starting-to-worry-about-a-bubble-2013-9 In general, real estate markets are hot right now and I know I’ve never seen so much building and activity in the San Diego area as I do today. And if you ...
Doomers have claimed that since rates went up, investors are fleeing the market. Thankfully Alejandro of the latimes.com looked into it a bit deeper to find that there are plenty of investors, but it's finding the deals that is the challenge - an excerpt: Now the...
Mortgage rates jumped into the mid-4% at the end of June, and most of us thought that would put a damper on sales by the end of summer. Buyers who had locked their rate for 30 days were able to close in July. By August, you'd think that we'd be seeing some evidence...
Now that rates have gone up (30YF conforming is 4.53% today) and summer is over, we're wondering if buyers are still in the hunt....and if so, how many?
An excerpt from Reuters: http://www.reuters.com/article/2013/08/18/us-usa-housing-dollar-analysis-idUSBRE97H01720130818 After hitting a three-year high in July, the dollar index .DXY, which tracks the greenback against a basket of six major currencies, has fallen...
