Category: Sellers
Foreclosures keep pushing house prices lower
The ongoing wave of foreclosures continues to drag home prices lower. Foreclosure-related properties, which made up roughly one in five home sales in the third quarter of last year, sold for an average 34 percent less than homes that were not “distressed sales,” according to the latest data from RealtyTrac, a housing data research firm. [...]
How to Torpedo Your Orange County Short Sale
This article was written about a year ago but the advice is still sound… By Christine Donovan Almost 1/3 of the homes currently for sale in Costa Mesa are short sales. In Huntington Beach, nearly half of the homes in escrow are short sales. This is a problem that isn’t going away any time soon, [...]
San Clemente home owner bypasses Realtor commissions to sell on his own
We write often about real estate transactions made by agents, but very seldom do we explore the FSBO (for sale by owner) market. Especially in a down economy, sellers might look to different alternatives to sell their home and opt to sell it on their own, without the aid of an agent. Here, we ask [...]
California June home sales down 11 percent from 2010
By JACOB ADELMAN LOS ANGELES Home sales in California got a minor boost in June, but activity was still slower than it was a year earlier, a tracking firm reported Thursday. A total of 38,975 homes were sold in the state last month, up 9.7 percent from 35,536 in May, San Diego-based DataQuick said. “June [...]
Yes, you can still sell your home in this market
The home next door is in foreclosure. The neighbors down the street just put their house up for sale at a ridiculous discount. And “For Sale” signs litter lawns all over town. Welcome to the toughest selling conditions in years. The bright side of selling a home in a down market is you get to [...]
In California, Real Estate Becomes More Affordable (but who can buy?)
There’s a silver lining behind the cloud of falling real estate values here in the Golden State: With mortgage rates still relatively low, housing affordability has climbed in Silicon Valley and other parts of California. According to the California Association of Realtors, 37 percent of households in Santa Clara County could afford to buy a [...]
Why the Housing Crisis Should Make You Bullish
When it comes to distressed housing, it’s hard not to be a contrarian bull. If you thought the housing crisis was bad, think again. It’s worse. New data just out from Zillow, the real-estate information company, show house prices are falling at their fastest rate since the Lehman collapse. Average home prices are down 8% [...]
Falling Real Estate Values Mean More People Can Buy
In California, property values are still on the decline. However, that’s not all bad according to a Mercury News report released earlier this week which determined that more than half of all households in the state can afford to own a home at today’s prices. Of course, that assumes that they have the money for [...]
Short Sales Failing in California
Jonathan Lansner writes a really good column/blog in the Orange County Register that never fails to provide insight into the California real estate market. He has a post this morning about the state of short sales in California that I thought was pretty interesting. According to the article: “California real estate agents say that lenders [...]
Do You Need A Real Estate Agent?
In the best selling book, “Freakonomics” (2006), the authors, Steven D. Levitt and Stephen J. Dubner, discuss real estate agents and highlight two disturbing correlations: Real estate agents keep their own houses on the market an average of 10 days longer and settle for a selling price that is 3% higher than comparable houses they [...]
