Sellers have been on an incredible winning streak over the last 12 months. Here are some words of encouragement for potential home buyers: In the off-season, people get distracted by school, football, and the holidays. If the market softens up a little (meaning more...
Here's the annual diatribe questioning the existence of realtors: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/08/22/why-do-real-estate-agents-still-exist/ If you ask most realtors why they exist, you'll hear about the "maze of paperwork" and "litigation and...
There are a few surprising factors contributing to the meteoric rise in prices: A. Cash offers might get you the win, but not a deal. Back in the day if you offered cash, you sought a hefty discount - and usually got it. Over the last 60 days, 25% of the NSDCC...
I wouldn't blame those who watch the videos here for thinking that I was a grumpy old guy who complains a lot, but the vast majority of the homes seen on bubbleinfo.com are the duds. They are on display to help viewers learn about the marketplace, and demonstrate how...
When homebuying, the usual recommendations are to get pre-approved for financing, receive auto-notifications of new listings, see a lot of homes in person, and work with a good agent. But once you get in the game, the frustration mounts. You've been looking at houses...
Two posts ago it was suggested that buyers are feeling anxious due to increasing prices, and it is definitely a real concern. But the buyer anxiety is being fed by a number of other reasons too - things that are just as annoying! Other Causes of Buyer Anxiety Few...
A frequent question is, "How long will it last?". It depends on how long the demand lasts, which at this point appears to be deep and wide. There are sectors of today's buyer pool that are still waiting for their shot: 1. Low-Down-Payment buyers. You can be...
How do you know if a house will attract a frenzy? You often see in the MLS remarks the now-standard comments like "this won't last" or "reviewing all offers on Monday"; whose intention is to make you think it's a hot buy. But now that virtually every listing says...
The recent frenzy has been frustrating for buyers - should you wait-and-see? The history of the median sales price shows that there is usually some softening around Dec/Jan - that is, up until this year: US Median Sale Price US real estate info The demand feels...
Pete was wondering if this is a good time to buy a house in Carmel Valley for $1.0 to $1.2 million. We know it's been hot all around the 92130, so let's examine the market data higher up to see if there are any threats from above. In the first half of 2012, there...
