As noted in past posts (see Small condos lead the way in a slow-motion market and an earlier post linked from there) the condo market that was clobbered by the real estate downturn was showing signs of a recovery early this year. The study is based on the Montierra condos in Hayward that were converted from [...]
And a shout out for 8790 Sonoma Hwy Kenwood, which has been on the market ( Several listings) since 7/7/2008! It started at $2.799MM and is down to $1.595MM which will cover the loan, the commission and not a lot more. It’s a 1912 built B and B subject to the “Mills Act” ( It’s [...]
Alameda has had property prices increase BIG-TIME this year. That’s old news. But this link may be of interest to those who are buying or are trying to buy at this time. Here’s a line from the Wall Street Journal article, dated May 1: Even with the gains in home prices, housing is more affordable [...]
Zombie Foreclosures — A new term, though I have seen them, especially after bankruptcy with 3rd party loan servicers. http://www.findmywayhome.com/home-mortgage-news/zombie-foreclosures-haunt-boomerang-buyers/
Here is an old one being used for decades. Zillow isn’t the exclusive conduit of this scam, it was used in the 80′s with print ads and more recently Craigslist. This is just one more good example of how the public is being defrauded by the real estate community giving away MLS data to un-accounable [...]
I don’t like pocket listings. To my mind they are almost always another way to game things for the benefit of agents that like sailing very close to the wind. Can anyone tell me what benefits a seller of property when their home, land or estate is NOT fully exposed to the marketplace? REO’s… REO’s [...]
55 people attended, there was some discussion of the problems with “Pocket Listings” ( The CAR just put out a Webinar regarding the legal and ethical problems with pocket listings, I recommend it). These have become much more common and allegedly agents who do a lot of these want them used for statistical purposes by [...]
