A smoother deal, more offers and likely a higher price. Pest, well, septic and complete home inspections often reveal issues. Sometimes an offer is formally contingent on one or more inspection reports, in reality all offers are. Each inspection and report is a potential failure point in the deal, if you are already in escrow […]
And what I have seen since confirms it in my mind. After talking to Mike Williamsen and reviewing July Data for Marin, yup. Marin has hit a peak in prices. There will be a few outliers as always. How soon and how harsh the correction will be are the big questions. Your guesses are invited, […]
I’ve been following Bill McBride ( And the late Doris Dungey) at Calculated Risk Blog for more than 8 years and I have learned to have confidence in Bill’s numbers. The other day he mentioned that inflation since the year 2000 has been 40% ( Not in wages, sadly). So to break even on a […]
A couple of months ago I ran into an acquaintance who expressed an interest in flipping his first home. There was a good prospect coming up I was aware of and I showed it to him. It was a nice prospect and a minimum net $30K return after commissions. He said he’d get back to […]
I think it would be a lot of fun to do a deal that involved bitcoins although fixing the exchange rate might take a bit of negotiation. Would you accept payment for your home in Bitcoins?. Why? Why not?
RealtyTrac has to have made a mistake when it reported that 49% of all homes sold in September were to cash buyers. Until now, their data and the data from NAR had been roughly in-line. This can’t be right. From RealtyTrac: All-cash purchases nationwide represented 49 percent of all residential sales in September, up from […]
We all know how deeply San Francisco rents and home prices are tied into the dot com economy. Check out this chart showing San Francisco rents versus the Nasdaq. Maybe there is something to this… Hat Tip The Atlantic.