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...
Bulk investors are willing to pay up to 95% of value for Fannie properties in Florida? All we hear is that foreclosures sell for 20% to 30% off - but rarely do you see actual evidence. Hat tip to Daniel for posting this, from the latimes.com: A San Diego real estate...
From Bloomberg.com: NEW YORK -- Home prices are beginning to rise after a six-year slump in cities from San Francisco and Seattle to Miami with jobs and lifestyles that appeal to younger and affluent buyers. “A number of the cities that have done the best have been...
They got us right where they want us. From HW: The negative equity problem may actually be pushing up home prices at the bottom of some of the hardest-hit housing markets, according to a report from CoreLogic. The national supply of unsold homes dropped to 6.5 months...
Hat tip to T&W for sending this along, from msn.com: Just as temperatures are starting to rise, so are multiple offers on prime properties in some recovering markets. To stand out from the pack, an increasing number of buyers are taking the old-fashioned approach...
There isn't anything here that the seller or agent did to warrant a big increase in value - yet buyers are willing to pay at least 10% more only 1-2 months later?
Several readers have sent in stories over the last 2-3 days about the big investment groups. These two stories mention the same company, Waypoint, but from different angles: WaPo: http://www.washingtonpost.com/business/2012/03/31/gIQAVOgDoS_story.html N. Y. Times:...
Just having a regular open house isn't enough - make it an open-house-weekend extravaganza:
One West Bank foreclosed on this home in August, 2010, but it looked like they let the former owner try to re-coup some of his $2,500,000 down payment - because he had it listed last summer for $5,200,000. But things didn't work out for him:
The first house shown in this video is on the same street where we saw the stinky short sale that closed for $368,000 in December. The rest of the comps in this area have been $450,000 to $500,000, with a 3,004-square-footer closing last month for $505,000. But that...
