Altos Research, a real estate statistics company from the Bay Area, has agreed to let us use their data gathering and reporting for specific zip codes in the North SD County Coastal region.It might take a rocket scientist to make sense of it, but if 'Market Action...
In yesterday's video you heard about the agent who said he had written 70 offers on behalf of a well-qualified buyer, many at $10,000 to $50,000 above list price, and he still hadn't sold her a house. To see how frustrated I should be, I checked my Y-T-D stats: 131...
While this article highlights individual stories of how some people are dealing with the downturn, the quotes in this excerpt below were most interesting - from latimes.com: http://www.latimes.com/business/la-fi-cover13-2009sep13,0,7125080,full.story Not everyone is...
Downsizing baby-boomers could end up causing real estate's biggest leg-down of all. from the N.Y. Times: http://www.nytimes.com/2009/09/10/garden/10nest.html?pagewanted=1&ref=todayspaper In the quaint central Connecticut town of East Haddam, Bill and Rose-Marie...
We've been following the BR/Model Homes Partners debacle for years now. In 2005, a group of lawyers from Orange County had purchased 11 model homes in Bressi Ranch and leased them back to the builder Lennar, waiting to make the big kill by selling them once the tract...
Two thoughts worth exploring: 1. Is there any evidence of the foreclosure flood hitting the MLS yet? 2. How are regular sellers faring, compared to REO listings? Currently the new REO listings are about 20% of the total new listings coming on the MLS. Last month...
Listing agents are getting increasingly more cocky about how they conduct their business. They can't justify the refusal of FHA offers, but they do it anyway. In the end, while they feel quite righteous about it, they are actually damaging the seller. A story written...
The lower-end of each micro-market throughout San Diego County has been red hot lately. Virtually every decent house under $400,000 is being deluged with buyers, probably in hopes of cashing in on the $8,000 tax credit before the end of November. Our flipper's luck...
(Covenant in orange on map, click twice) Smithers wanted to know more about the whopping 25 detached closings in RSF over the summer. There was a late-reported #26, but upon further examination one of the 25 was in Cielo, but an Escondido zip and school district, so...
Here's a story about the changes being discussed to the mortgage interest deduction. The $41 billion in savings over 10 years sounds trival - but could it have unintended consequences? Would you change your plans about buying a house if the MID was lowered?...
