Let's review some of the foreclosure theories of today's world. BUNK #1 - Banks are holding back properties. In San Diego's North County Coastal region, there aren't many REOs not on the open market. The video tours you've seen over the last few days covers almost...
Hat tip to Aztec for sending this along, from Bloomberg: http://www.bloomberg.com/apps/news?pid=20601039&sid=aVVtkVUvfRXE We are largely hostage to the way our mind works. According to prospect theory, pioneered by psychologists Amos Tversky and Daniel Kahneman,...
One of the biggest benefits of more REOs coming on the market would hopefully be to send a message to those sellers who think that they can beat the odds. This house on Rawl in Solana Beach typifies the optimism, and whose sales history is a great snapshot of the...
Hat tip to Kwaping for sending this along, from the U-T: The real estate slump has arrived in La Jolla, Rancho Santa Fe and other high-end San Diego County neighborhoods. After holding their own in sales strength, sales of homes priced at $1 million or more started to...
There were a couple of panel discussion this week, one at USD, and the other sponsored by USC. USD's Mid-Year Economic Update provided some rather revealing scientific quotes: “When the history is written, historians and economists will decide Wiley Coyote was really...
From the North County Times: For the first time since home prices started diving three years ago, the median price for a house in North County showed a meaningful uptick in April, a sign the region's housing market might be transitioning toward stability. To be sure,...
John Wagner, one of our Klinge Realty agents, brought to our attention the lawsuit mentioned in the latest CAR update. A few years back, a few realtors started tacking on additional garbage fees like the lenders do, calling them "transaction fees" or "document...
