The spring selling season is wrapping up. I think it's already over, but there will likely be a flurry of activity during the next couple of weeks in the under-$800,000 market, It will be impressive if we see a group of sellers who waited until now to list their...
Besides the fraud and deceit, I have a new story every day about how listing agents are undermining their own sales, to the detriment of their clients, the sellers - and usually caused by incompetance or inexperience. Some deals still close, with all parties bitter...
Hat tip to JimG for sending this along: Timothy Geithner is a Sniveling Scamster Whew. That was fast. It didn't take long for Wall Street to figure out how to game Obama's new mortgage modification program, did it? The plan was hyped as help for "struggling...
A variety of data packages get dropped in my lap from time to time, an excerpt from the latest: First, we got the existing home sales data for February and they edged down again, by 0.6% MoM, and "no" — it was not due to the blizzards (sales actually rose in the...
Thanks to Mark for sending along this confirmation of first-time home buyers being able to claim both the federal and state tax credits, from the WSJ: But, it might not get off to a peaceful start on May 1: Get ready for a stampede early on as some buyers rush to...
Osidebuyer asked about the under-$500,000 market, how hot is it? Here are the SD County detached stats from the MLS for January 1 to March 23 (TNL = Total New Listings): Under $500K 2009 2010 diff TNL 5,352 5,215 -3% LP $/sf $192/sf $217/sf +13% Sales 3,367 2,589 -23%...
From NMN, a summary of HAFA, with doubts (more videos coming!): As an alternative to foreclosure, the government's forthcoming program to spur short sales may prove just as ineffectual as the push to modify loans. In a short sale, the borrower sells the home for less...
From the latimes.com - click here for full article: Wynn Bloch has always dutifully paid her bills and socked away money for retirement. But in December she defaulted on the mortgage on her Palm Desert home, even though she could afford the payments. Bloch paid...
Mary asked, "How many SD foreclosures have there been over the last three years?" Trustee Sales 2007 2008 2009 2010 REO 7,859 (22/day) 17,894 (49/day) 11,760 (32/day) 2,097 (30/day) 3rd Party 399 (1/day) 593 (2/day) 2,749 (8/day) 865 (12/day) Totals 8,258 (23/day)...
Hymettus is one of the more prominent streets in Leucadia, but there haven't been any sales there since summer. So two older sales on Hymettus are included, the first closed in July, 2009, and the second was January, 2009: I hesitated with the first story, but it...
