The Arizona Republic has a new article that talks about the current slow down.
From the article…
Pricing dilemma
The biggest mystery for agents today is how to price a home. You can’t count on city or town medians or appraisals but have to look at what comparable homes in the neighborhood are selling for, they said.
This is [...]
Continue reading about Wait, you mean to tell me that real estate agents DID NOT know this?
Some areas of California’s famed Silicon Valley are experiencing the slowest sales in five years. But others are experiencing a housing boom, according to a Mercury News article. According to the article, properties in good condition, near employment centers, in good school districts, and those that are priced “realistically” are selling quickest. The [...]
Continue reading about I Know that all Real Estate is Local, but This Borders on Niche
According to an article published by the New York Times anxious sellers and builders are offering deal sweeteners to avoid reducing their asking prices. Some of these perks represent up to 8% of the sales price. Things like new cars, and free upgrades on landscaping and kitchens. Since these incentives aren’t [...]
Continue reading about Incentives and Perks Masking Housing Price Decline – For Now
Overall the California housing market is suffering with sales of existing homes dropping almost 30% statewide in July compared to the same time in 2005 and inventory levels are double what they were a year ago, according to arecent article in the Los Angeles Times. Areas posting sales drops higher than the [...]
Continue reading about Is the Bottom Dropping Out of the California Real Estate Market?
In July the median home price in Sarasota, Florida, experienced the biggest price decline in the state. It fell 11% from $338,100 in July 2005 to $301,100 lin Julyy 2006, according to an article published by the Herald Tribune. But, it gets worse because the number of homes sold fell almost 50% [...]
Continue reading about The Sarasota Disaster – But It’s Not a Hurricane!
Recently, Professor Max Bazerman of Harvard Business School spoke at a conference of 75 Wall Street money managers. These guys command six and seven figure incomes by managing your money. Bazerman opened his speech by auctioning off an ordinary $100 bill. The rules were very simple: The highest bidder pays what they bid and gets [...]
Continue reading about When Emotions Control, Investors Lose. Need I Say More?
Yesterday, CNN Money published an interesting article. Basically, they report that while the market is cooling the bargains aren’t appearing.
From the article:
As signs mount of a slowing real estate market, the “vultures” are beginning to circle. But home prices may still have to fall further to create the bargains they crave.
These savvy home buyers who [...]
Continue reading about When Will the Sellers Figure Out That the Market has Changed?
The quality of the effort and the final result was always stellar and it showed how an ethical rehabber makes money while providing a valuable service.
In contrast, the new season has two “flipping crews” and they are both examples of how not to rehab properties. I watched two episodes last night and the quality of [...]
Continue reading about Flip This House on A&E Used to be a Good Example Source…
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