From our friend Nick at the wsj.com: Falling home prices should give aspiring homeowners the upper hand this spring, but in a growing number of locations, it doesn't feel like a buyer's market. Blame the nearly five-year slide of home prices. Those declines, which...
Thinking of Selling?
Loan Limit Dropping Oct. 1st
Hat tip to DB for sending this along, from Reuters: Bethany and Karl Schreiber are hunting for a nice big house in the pricey Washington, D.C., suburbs and they are facing a deadline: In just a few months their third child will be born, and the tiny two-bedroom...
Bad Neighbors and Selling
Bad neighbors aren't just annoying. They can cost you real money when it's time to sell your home. A nearby property's overgrown yard, peeling paint and clutter can easily knock 5% to 10% off the sale price of your home, said Joe Magdziarz, the president of the...
NSDCC Sales and Pricing
The national existing-home sales in March increased by 3.7% over the previous month's total, which makes sense as the spring buying season got rolling. Nationally the March sales were down 6.3% year-over-year, and median price was down 5.9%. How did we do locally? To...
Ritzy
Excerpts from Eric's article at nctimes.com: Last year, at age 37, electrician Fred Boyd and his wife ended years of renting in Orange County and bought their family a three-bedroom house in Oceanside about seven miles from the beach. "Home values have come down, and...
My Side Job
My primary focus is assisting people with buying and selling real estate in the premium markets. The REO videos are for comic relief:
Cutting Loose in Louisiana
Are you thinking of moving to the South? Though this could happen anywhere - watch this guy get dropped like a bag of rocks:
Real Estate and the Future
Jinx left this comment earlier today: So which schools will be better off? Those that receive their money from property taxes or those that receive from the state? I assumed that those whom receive money from property taxes may be less affected, but I just read that...
Lost Decade?
Here's a look at the first quarter detached stats, split between our North San Diego County Coastal region (Carlsbad to La Jolla) on the right vs. the rest of the county (on left): First quarter detached closings UNDER $1,000,000 Year Not-NCC Sales $-per-sf $ chg,...
Not Every House is Selling
Reasons houses don't sell in a hot market: List price is too optimistic (more than +10%). Something is really wrong with the location, condition, look, etc. The sellers aren't motivated enough. It's why you hear people say there is no inventory. The properties with...