Category Archives: Real Estate

Half Empty, Half Full

As you probably have realized, when it comes to the real estate market, I’m a “Glass Half-Full” kind of guy.  But lately, even I have begun to question some of my core assumptions.  I have been predicting inflation, rising rates, … Continue reading

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Diana Olick Get Your Stats!

Ok, so maybe I’d like to have Diana Olick’s job at CNBC and maybe I wouldn’t.  Diana, for those who don’t know, is the real estate reporter for financial news channel CNBC.  Diana’s role at CNBC has thrust her into … Continue reading

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Only One Can Own “The Best”

Yesterday I showed a new listing I have coming out to an agent and his client.  The agent had sold the same 4200 square foot, 5 bed, 5 1/2 bath model about 8 houses down for $950,000 in late spring; … Continue reading

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News On Short Sales

So what could possibly be new on the short sale front?  They still take a long time.  There are no guarantees that a short sale will be successful.  Approved short sales still require approval.  So what’s new? First a few … Continue reading

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Proposition 13

My parents closed on their home in Walnut Creek, California in August of 1966.  For 13 years they saw their home reassessed every year as California property values steadily increased.  In 1978 Howard Jarvis led California in what was characterized … Continue reading

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Homes Sales Rise

I love numbers and I love the folks who interpret numbers (note to self: that includes you so add tone of sarcasm)… Homes sales rise 5.6% from a month earlier!  Great news, yet the pundits and the Diana Olick’s of … Continue reading

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Another Projection

The Mortgage Bankers Association came out with their projections for 2011 and 2012 yesterday and their numbers were very interesting.  Years 2008-2010 were clearly difficult for the mortgage industry.  The financial meltdown left only one real buyer in the secondary … Continue reading

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An Economic Blaze Cometh

In U.C. Santa Barbara economic professor Mark Schneipp’s 4th quarter assessment for Ventura County, he states 2010 was an up and down year and that momentum has once again shifted for the better. He predicts that our economic momentum shall … Continue reading

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Economic Forecasts

The Anderson School of UCLA as well as Chapman University in Orange, independently reported their forecasts for the economy in California.  In the LA Times, the headlines were positive, but every radio report was decidedly negative.  The body of the … Continue reading

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More On Prices

The Case-Shiller index reported a larger than anticipated decline in prices month over month as well as quarter over quarter.  While the news in general was not good, it wasn’t horrific either, and reflects the continued struggle in the economy and … Continue reading

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