from Rueters: Prices of U.S. single-family homes rose for the second consecutive month in June, adding to evidence that the three-year housing slump is easing, Standard & Poor's reported on Tuesday. The S&P/Case-Shiller composite indexes of 10 and 20...
Thinking of Selling?
Static
Now that the MLS has a special box for marking bank-owned listings, let's track their progress lately - are more foreclosed properties coming on the market yet? San Diego County, Attached and Detached: Week Of # New Listings Marked PEND Closed 7/5-11 229 236 229...
My Money’s Worth
I took part in the North SD County Association of Realtors meeting this morning, entitled: "How Your Brokerage Can Survive in Today's Economy" It was at Jake's Del Mar and included a free breakfast, so I thought I'd participate for once, to see if there was any hope. ...
More CV Heat
Last week we saw that the newer 2,700 square-footers in Carmel Valley were a hot commodity, and holding steady in the $800,000s. What do you get for less? Here's a youtube video of three houses, two that just went pending, and one that closed, in the $600,000 to...
Luxury REO Tour
The first two properties featured are already bank-owned, and the third has their trustee-sale date bearing down on them - and we're not fooling around with subprime crackerboxes anymore: Most of the defaulters I have spoken with claim that they are just doing a loan...
3Q vs. 4Q
It was mentioned yesterday that we could be in for a "long cold winter" if sellers think they can start raising their list prices. The last two years in North SD County Coastal (Carlsbad to Carmel Valley) has seen detached sales drop off between the 3rd and 4th...
My Work
This youtube video tour was taped a couple of weeks ago - and pertains to the area known as Del Mar Heights, west of the I-5 freeway in 92014: Here are today's comps for the entire area, not just the streets mentioned in the video: dmheightscma1
Take What You Can Get
From the latimes.com and msn.com: Hugh Hefner and his wife, Kimberley, have sold their personal residence, next to the Playboy mansion, for $18 million. It had been listed since early March at $27,995,000. The 7,300-square-foot English Manor-style house, built in...
E-Ranch Balloon
The house next door to the one featured here on Heritage (last house in video) had closed escrow in February for $850,000, and since then it looked like the ER market could be firming up, because four others closed in the mid-$800,000s: Street Sq. Ft. Sales Price Date...
REO Bubble Next
The foreclosure tsunami appears to be on its way - new defaults, re-defaults, and foreclosure numbers are rising, and there's still the backlog of those who are attempting to loan mod that will eventually get denied. According to foreclosureradar, there are 4,047...