Could there be trouble brewing under the surface? Are there home sellers scrambling to get out with whatever money they can? Maybe get just enough net proceeds for the family to have a steak dinner at closing? It was like that last time.....but it's different now....
Paying referral fees is a standard practice in the realtor business. Are you thinking of moving to a new town and need an introduction to a realtor there? Your agent here will track one down for you, and that agent will pay them a referral fee, which used to be 20%...
Below is a graphic from a USD publication that shows how many people might do something about high cost of housing here. Unfortunately, the majority of people polled probably weren't the long-time homeowners who find it quite comfortable here and wouldn't consider...
There have already been 101 detached-home sales close this month between La Jolla and Carlsbad! With five business days left in the month, plus the late-reporters, it means we should match last October's count of 133, and maybe even approach last month's 153 sales. Of...
People might think that 8% mortgage rates will kill the real estate market, but they are one more thing that can be fixed with money. Two popular strategies to lower the mortgage rate: 30-year fixed rate buydown: Paying one point, or 1% of the loan amount will lower...
Currently, every listing agent is required to offer some sort of buyer-agent compensation on the MLS. Zillow and Redfin publish those commission amounts on every listing now, so they are all out in the open. Today, there are 79 homes for sale between La Jolla and...
Recently the president of the local association of realtors was asked what the real estate market will do in the future. His response: "Nobody knows what the market is going to do in the future". Of course, immediately after that comment he said, "Interest rates have...
We have plunging sales mostly due to plunging inventory! The supply and demand has plunged at the same time, and there is no way to know that if the inventory were to grow, would there be enough buyers to soak it up? Today's inventory is full of the leftovers that...
The incredible part about this sale is that it was listed with a Compass agent previously for $9,800,000. The seller dumped $1,000,000 and listed with a new agent for $8,800,000 and then about a week later dumped again and sold for $6,900,000 cash. He dropped...
The author has been writing about housing for 3+ years, and has already identified the key topic. Even though the houses owned by boomers might be in superior locations, they are dated and in need of repairs and improvements. While she thinks fixers will become...
