I ran into a 3-offer bidding war yesterday where we were competing against a buyer who had offered a $50,000 non-refundable deposit. The seller wanted us to match it to stay in the game. We didn't like the sound of non-refundable (or their price), even though we...
For buyers, it's Don't Blink, and Don't Think!
The election season is over (even if the election is not), and the vaccine news today is positive - which should bring more certainty, and relief, to the real estate market. If we just had more homes to sell! What's hot these days? Yesterday, I got the last...
If there is anyone left who still believes in market fundamentals, here's a graph that shows how the traditional 3:1 price-to-income ratio is still a decent measuring stick in the rest of America. But in California, it has escalated to dizzying heights! San Diego...
Of the places benefiting from the people fleeing California, Phoenix has to be #1 on the list. Their Case-Shiller Index had the biggest increase in the nation this week (+9.9%), and look at the average market time: PHOENIX — The greater Phoenix housing market has...
So what's your take on the strength of the housing market now and how the election could change it? BARBARA CORCORAN: I don't think the election is going to have much to do with the housing market. It's like a horse that's run out of the bar-- the barn at about 100...
The signs are everywhere - the super-frenzy is building. I spoke with a friend in Phoenix yesterday who said the cheaper homes for sale there are flying off the market in 1-2 days: While restrictions are driving people out California, newfound freedom is allowing...
We can expect that the government entities will be trying to jam affordable housing into every possible nook and cranny from now on. The idea of redeveloping larger areas, like Kearny Mesa, and include a nice compliment of affordable housing into an overall plan to...
Hat tip to just some guy for sending in this article: Thanks to the COVID-19 pandemic, more deep-seated, tectonic-sized questions beyond markets and interest rates are being asked this time around that no one really has the answers to yet—like will people feel safer...
Did you hear Dr. Fauci last night? It's likely US health officials will know whether a Covid-19 vaccine is safe and effective as early as next month, Fauci said Monday. "I think comfortably around November or December, we'll know whether or not the vaccine is safe and...
