Redfin is doing all the things that the association of realtors should be doing - if they start their own MLS they could take over the industry. Hat tip to CM for sending this along, from the nytimes.com: The real estate listing and brokerage site Redfin has added a...
Thinking of Selling?
Perils of Seller Loitering
Sellers waiting for the lucky sale deserve to know about the potential trip hazards along the way. Listing agents who use the Triple-P marketing plan (put lockbox on, put sign up, and pray) won't see the foreclosures until it's too late - hire good help!
Bifurcation
Hat tip to duncbdunc for sending this along from the Atlantic, written by senior editor Megan McArdle - who isn't a realtor! So since we became homeowners, I've become more interested in HGTV. Not obsessively so, but I have more interested in watching programs about...
Sales Momentum
Bubbleinfo.com is undergoing change! Reader no-techie saw that we are trying to implement a new feature above to use with mobile phones. The intent is to enable you to input an address of a house you see, and be able to check the listing, or zestimate, with one...
Move-Up Buyers
Excerpts from the nctimes.com - hat tip Eric! Anyone want to buy a dream home? Anyone? With so many homeowners deep in debt, and so many more worried about the national economy, few people want bigger houses at current prices, and without that midlevel demand, there...
Effect on Housing?
Hat tip to my father-in-law for sending this along! Whether these changes are good or bad depends in part upon how we adapt to them, but, ready or not, here they come! 1. The Post Office. Get ready to imagine a world...
BofA Foreclosure Flood
Hat tip to JG! Bank of America has been "working on their system". In July, they conducted 258 trustee sales of properties throughout San Diego County - either sold to third parties or back-to-bene. Yesterday they blew out 79 properties in one day! There are several...
Faulty Opinions Being Fed
From sddt.com: As in the rest of the country, housing prices continue to falter in San Diego. As of July, prices rose 0.5 percent in San Diego on a rolling quarterly basis and fell 3.7 percent on a year-over-year basis, according to Clear Capital’s monthly Home Data...
July Home Sales (preliminary)
The preliminary count of detached sales around North San Diego County came in better than I expected. Once we add the customary 10% for the late-reporters, it'll be right around June's total. Totals as of July 31, 2011: July # of Sales Avg. $/sf 2008 222 $465/sf 2009...
Should Home Buyers Wait?
Mozart has staked his reputation on North SD County Coastal home prices going up 10% in two years. If there were rumblings of increased pricing, would buyers get off the fence? Yes, I think they would, but being off the fence and actively looking for a home, is...