Hat tip to Susie who sent in this article about a law recently passed in California: The new rules apply to one- to four-unit properties sold at foreclosure auctions. If an investor wins one of those homes at auction, then people who want to live in it, as well as...
Zillow's estimates of appreciation over the next year: Carmel Valley, 92130: +7.2% NW Carlsbad, 92008: +7.7% SE Carlsbad, 92009: +7.2% Encinitas, 92024: +7.2% Del Mar, 92014: +6.9% La Jolla, 92037: +7.2% Rancho Santa Fe, 92067: +6.9% Santaluz/4S/Del Sur, 92127: +7.1%...
The pandemic is still raging, the President of the United States is in the hospital, the election is right around the corner, and so are the holidays. The frenzy has to slow down at some point, doesn't it? So I schedule for 11am, and show up to find today's list of...
This sounds like a document-processing center where trainees guide consumers through the paperwork and hope they don't ask too many questions. Sound familiar? They are going to walk right in and take over while the industry stands by idly - and we'll look up in a few...
The chart above shows the June page views, which was probably the peak hysteria for those who were considering a drastic change. I think the heightened activity and sales could have just been from all the people who had been thinking about a move over the last 2-3...
Here's a thorough discussion on the the state of realtor disruption - early on, Rob refers to this post: https://notorious-rob.com/2020/07/two-steps-forward-one-step-back-the-story-of-innovation-in-real-estate/ For every tech platform that sets out to disrupt real...
There has to be a reason why my numbers are so high - it's not the good looks or dazzling personality:
At least this was based on a survey, rather than ivory-tower speculation: Where people choose to live has traditionally been tied to where they work, a dynamic that through the past decade spurred extreme home value growth and an affordability crisis in coastal job...
More of the same talk in this interview on how this crisis doesn't compare to the last one, with a guess that October, 2020 will be the best month to buy: https://finance.yahoo.com/video/housing-market-bottomed-zillow-senior-223602511.html I wanted to get their graph...
The continued economic fallout from the spread of COVID-19 has introduced immense uncertainty into the housing market as consumers step back from large purchases and social distancing puts a chill on necessary market services. As a result, Zillow expects home prices...
