At 7am this morning the NAR existing-home sales data for July is due out, and everyone expects a bloodbath. Pundits will be guaranteeing the double dip, and calling for home prices to plunge throughout the land. There will also be remarks about how the tax credit...
I don't think it is in the seller's best interest to "pre-market" a home, but most REO agents insist on installing a for-sale sign in front of their new REO assignments at least several weeks before the price is determined. Callers who hear that there is no price get...
Hat tip to clearfund for sending this from cnbc -it mentions the TERI house in Bressi Ranch: They’ve been called McMansions, Starter Castles, Garage Mahals and Faux Chateaus but here’s the latest thing you can call them — History. In the past few years, there have...
Yesterday the WSJ included the report on last year's success rate of sellers in seven selected counties (47% of those who listed their home, actually sold), but San Diego wasn't included. Let's look at how North San Diego County Coastal detached homes have done...
Sealed bids, live auction to follow The Del Mar City Council voted 4-0, with Mayor Richard Earnest recused, to try to sell its no-longer used Balboa property to pay off the remaining debt on the sentimentally valued 5.3-acre Shores Park. Escrow closed on the $8.5...
Hat tip to Joe Schmoe and Gary - from Reuters: Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to...
Are the choppy market conditions causing more sellers to give it a go? Specifically, are new listings on the increase, flooding the market when older reluctant listings are stagnating? If so, it would sure give buyers another reason to pause. The new-listing count...
Hat tip to dwip for sending this over, from Yahoo. Full article here, and some excerpts: For a seller, advertising that you've recently painted your house seems like a no-brainer. But in a study that looked at nearly 60,000 residential real estate transactions in...
Yesterday's radio show (now available on their website) only lasted 32 minutes, and was a call-in Q&A format - so there wasn't a full exploration of relevant topics of the day. There are other topics to discuss, let's do it here! 1. San Diego County attached and...
From the insider: The housing market will experience a tepid recovery in 2010 but continue to ail for the next couple of years, according to Zelman & Associates. “Most economists are more optimistic than I am,” noted Ivy Zelman, CEO, of the research analytics...
