Prices are coming back, and miraculously you might have another chance. That's right, the price you whiffed at last time is coming your way again - this time be ready, and hit it out of the park. You're not going to get greedy again, are you? Unfortunately, for most...
Market Buzz
Wild, Wild West
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...
Guts and Some Glory
More video of higher-end tract homes being flipped in Carlsbad:
Open Bidding/Transparency Live!
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...
CA Home Prices Rise 19% in Oct
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...
Frenzee!
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...
Berky’s RE = Status Quo
Berkshire Hathaway has partnered with Brookfield to create Berkshire Hathaway HomeServices, a "new premium franchise brand", according to their blog's announcement. They and others are claiming that it will be a real game-changer, with Prudential California Realty's...
Multiple Offers
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...
Investor-Driven Market is OK
In this article, the author claims that the real estate market will tank when investors leave the market, and then at the end says, "The only part of the market that’s busy is the low end where speculators are fighting over a few measly crumbs. The rest of the market...
L.A. Flipping Gone Wild
When it comes to flipping a 10,000-square-foot mansion on a prime piece of Santa Monica real estate, a simple open house with hors d'oeuvres and soothing background music has apparently become blase. In what city staff calls "a new kind of commercial activity for...