From Trulia: In today’s market, most listings aren’t instantly flying off the market. While we all know price is one of the most important factors in the sale of a home, there are other factors they can improve the saleability of your listings. Here are a few tips to...
The existing-home sales stats for 2011 are out today; here are Diana's comments from cnbc: Home sales rose in December to the highest pace in nearly a year. The gain coincides with other signs that show the troubled housing market improved at the end of last year. ...
Yesterday during our regular broker preview, I went on a thorough tour of homes around the southern part of NSDCC - Del Mar, Solana Beach, RSF, and Carmel Valley. As expected, the 'overpriced-ness' was astounding. Are buyers going for it yet? There are 462 active...
How are short sales affecting the market? This chart divides Actives by Pendings (A/P, our gauge of the relative 'health' of each market). We've seen in the past that a 2.00 reading seemed healthy, and 3.00 was tolerable. I included contingents in the Pending counts...
In the not-so-distant past, both buyers and agents avoided short sales. They took too long, and the outcome was very uncertain. But closings of detached-home short sales are increasing around the county: We saw that the banks' approval rate of recently closed NSDCC...
We have wondered if 2012 will be the Year of the Short Sale. Reader TH asked, "What is the problem with short sales?" The gripe about short sales is that they take so long to complete. Over the last few years, it would be 6-12 months before you'd hear anything, let...
From Lawrence Yun, NAR economist - I just want to have this on record: I participate in the Blue Chip Consensus forecast with around 50 other economists representing organizations such as FedEx, Dupont, Ford Motors, the U.S. Chamber of Commerce, Wells Fargo, Bank of...
From theenterpriseblog: This could be just the beginning. If President Barack Obama’s legally dodgy appointment of Richard Cordray to head the consumer finance agency should stick, it may open the door to more such actions. Here’s Jaret Seiberg of the Washington...
It might just be that cnbc.com took their foot off the neck of real estate for the holiday....but did you see this? (The video transcript) As we close out 2011, some investors have started putting money back in real estate, second home real estate, and specifically in...
I made this statement at the end of 2010: The average cost-per-sf for detached sales in SD County rose 9% in 2010. I think it'll increase another 9% in 2011, fueled by the red-hot lower price ranges. But sales will struggle, possibly 20% fewer sales overall, because...
