Here's a sexy headline: Red-hot home prices have more consumers saying now is a bad time to buy Anyone out hunting for a house knows that bidding wars are no longer the exception, but the rule. Demand for housing has been unusually strong, due to the coronavirus...
On Monday, the sale of our Carmel Valley listing on Brittany Forrest closed escrow. I had discussed previously the valuation challenge when a recent seller had dumped on price and became the comp. It was a model-match that closed for $1,880,000 in May with a similar...
If there was going to be a day when buyers might have had a chance to sneak in an offer to purchase without competition, it was today. Yeah, right. Meanwhile, after 'upgrading' the MLS for four days, here were the results:
After another weekend of multiple-offer situations where the listing agents made no attempt whatsoever to create a bidding war, and instead just shut down the showings, it's hard to believe there is any downturn coming our way. When you can get a mortgage rate in the...
Have you been searching for homes all summer, and still haven't bought one? Do you feel like the inventory has been mostly garbage that you wouldn't buy at any price? Then once or twice a month you see a nice buy that turns into a bidding war and you don't win it? It...
The turnover and upgrading of neighborhoods is commonly called gentrification, and what it means around here is that the affluent buyers (many, if not most, from outside the county) take over the real estate market, one house at a time. Their money does the talking -...
The coronavirus adds another curiosity as to why the sellers might be selling. Does this home not quarantine well? Or the neighborhood? Or did they get the bug? With the protocols encouraging more scrutiny of showings, buyers and buyers' agents should have more...
Are you of the age (40+) where you might move one more time? Here are my resources to assist you. Reasons to move again: Be closer to family (primarily to be near the grandkids). Change from two-story to one-story home. Better neighborhood for you. Being closer to...
We know that covid, and it's impact on schooling in particular, is causing some people to want more space around them. Bigger houses, with bigger yards, are becoming more desirable.....and buyers are scrambling to get situated and comfortable before school starts -...
