It’s still ugly. The good news is that the two big storms we got caused a lot of runoff which filled the reservoirs. Urban areas will be OK, some rationing may happen, but the taps won’t run dry. And there will be water available for agriculture from those reservoirs as well. The bad news? No […]
Long ago a wise old woman told me that. I was young and naive and thought she was being sarcastic. She wasn’t. The three most common bumper stickers in the beltway are (1) “If you’re rich, I’m single”. (2) “I’m with stupid” (The arrow points up) (3) “Random acts of cruelty,senseless acts of violence”. Welcome […]
Yesterday’s PD claimed that inventory was at a 5 year low for January, so I took a look. Single family residences only, no condo’s, no farms and ranches. 460 total active listings. 331 priced under $1MM and 129 at $1MM or more. 121 of the lower priced listings have been on the market for 90 […]
51 were in attendance. 8 escrows were opened, 4 were closed, no price reductions or “Back on the market”, 22 upcoming listings mentioned and 7 buyer’s needs brought up. The only place on the tour was a condo, which I did not see due to time constraints.
The direction of mortgage interest rates drive the housing market. We’ve been spoiled with ultra-low rates the last few years with many experts predicating 2014 was going to be the year of 5% rates, they were wrong. Here’s why we’re not going to be seeing 5% mortgage rates anytime soon. Ability To Procure Credit Reality […]
The Added Value Zillow brings over sites such as Redfin, Realtor.com or Trulia is the precise estimate of value they call a “Zestimate”. That “Zestimate” is either a triumph of mathematical analysis or complete and utter horseshit. If you look a little below the “Zestimate” you will see something they call a “Value Range” […]
Attendance was 47 on a lovely winter day. 5 new escrows were opened, 1 was closed, there was one price reduction, 5 upcoming listings were announced and 9 “Buyer’s needs” mentioned.The upcoming listings are coming on the market at last year’s prices. There were four homes on the tour today and two looked interesting. I […]