A panel discussion about Asians buying real estate in America:
Asians and American Real Estate
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Market Buzz
Why Home Prices Will Hold or Go Up
Home buyers are hoping that higher rates will cause prices to come down, and while it could certainly happen - here are reasons why they won't: Prices have increased so much, so fast, that sellers are emboldened. If it would have taken the 5-10 years to bottom out...
Market Snapshot
Open house over the weekend provided more reminders of the following: Buyers are educated - they know the comps. Buyers hope that higher rates mean lower prices. Buyers are resigned to paying more than last year. Those that will benefit, and could see values continue...
Lenders Not Foreclosing
Hat tip to Booty Juice for sending in Nick's article on the Las Vegas market- and the effects of halting foreclosures: http://online.wsj.com/article/SB10001424127887323687604578467260571838502.html You'll need to be a subscriber to read the full article - but here are...
Pre-MLS Sales
The article linked below focuses attention on the perceived problem of data pirating, and the efforts being made to stop it: http://www.inman.com/2013/07/08/new-group-to-coordinate-action-against-mls-data-pirates/ Realtors get fired up about data pirating, yet, you...
Auction.com
If desired, Zillow could devise a new PublicMLS system - they have the format, reputation, and eyeballs to get off to a flying start. Redfin could too, but as a brokerage they are going head-to-head with traditional realtors so it's more likely afight would erupt,...
Demand, Illusion or Real?
Comments from two readers: 1. Can you please cover one more buyer anxiety – this one’s personal for me? I think that, after the artificial supply suppression and/or institutional investors are gone, the prices will drop. However, I’m not sure how far. So, my fear is...
Duration of Frenzy
A frequent question is, "How long will it last?". It depends on how long the demand lasts, which at this point appears to be deep and wide. There are sectors of today's buyer pool that are still waiting for their shot: 1. Low-Down-Payment buyers. You can be...
Peak Frenzy 2
It will be difficult to determine the frenzy velocity because you will keep seeing eye-popping sales that make you think that the market is still on fire. This is where evaluating the features of each house will come in handy. The high-value targets - great...
Getting Priced Out
Prices are moving up rapidly on the lower-end of each market. People complain that there is no inventory, but part of the reason is that sellers are pricing much higher. Buyers in the mid-to-higher-end of each market will get a smaller house or yard, but those on the...
