Does the previous sales price impact how much people pay today? Do buyers in Carmel Valley figure that if they are getting 20% to 30% off what the last guy paid, they did good enough?
Short in CV
read more
Short Sales
Short Sales Increasing, Part 2
How are short sales affecting the market? This chart divides Actives by Pendings (A/P, our gauge of the relative 'health' of each market). We've seen in the past that a 2.00 reading seemed healthy, and 3.00 was tolerable. I included contingents in the Pending counts...
Short Sales Increasing, Part 1
In the not-so-distant past, both buyers and agents avoided short sales. They took too long, and the outcome was very uncertain. But closings of detached-home short sales are increasing around the county: We saw that the banks' approval rate of recently closed NSDCC...
Short Sales in 2012
We have wondered if 2012 will be the Year of the Short Sale. Reader TH asked, "What is the problem with short sales?" The gripe about short sales is that they take so long to complete. Over the last few years, it would be 6-12 months before you'd hear anything, let...
One-Story Homes Featured Here!
This fell out of escrow for the second time today: The agent states in the listing that the short-sale approval letter will not be furnished to the buyer, which is a first. How will the buyer know they have a deal? Might the hold-back have something to do with the...
Short Sale Fraud
There will be realtors who see this video and think, "Jim, you have it all wrong." "The listing agent's duty is to the seller only, not the bank." But that is the short-sighted, greedy viewpoint. For agents to hide behind that simple thought, and ignore the big...
Flipper?
Hat tip to Kwaping for sending this along from Lily at the U-T: The new owner of the recently sold "Razor" house in La Jolla is a 47-year-old real estate investor from Palm Beach, Fla., with ties to the telecommunications industry, based on information from the...
NBA Player’s Short Sale
Ron Artest short-sold his house in Sacramento too: Video: Former King's Luxury Home On Short Sale
Freddie Clamps Down On Fraud
From HW: Freddie Mac will force parties involved in a short sale to sign affidavits making them liable for their negligent or intentional misrepresentations in the deal, an effort to be sure it's an arms-length transaction, according to guidance released Friday. The...
San Diego October Sales
From sddt.com: Add another data point to housing’s ongoing bounce along the market bottom. Sales activity of existing homes in San Diego County slipped on a monthly basis in October, falling roughly in line with its year-ago level, according to recent data. The San...
