Reality Has Struck

It's Friday desk clearing time for this blogger. "According to the website RealEstate Business Intelligence (RBI), the average sold price of a Fairfax County home in October 2013 was $522,213 -- a 10.13 percent increase for year-on-year. For Patricia Mancini of Avery-Hess Realtors, the sweet spot...
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An Indicator Of What's To Come In California

The Press Democrat reports from California. "October ended with fewer than 850 homes available for sale in Sonoma County, less than a two-month supply at the current sales pace. Agents and brokers don't expect a big upswing in inventory in the coming months, partly because so little new home...
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Before, There Was A Frenzy

The Orlando Sentinel reports from Florida. "In one of the surest signs that the home-rental business is going corporate, the area's biggest new landlord has started bundling rent checks from tenants and selling them as securities on Wall Street. The sale this month by Blackstone Group means that...
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If You’re Relying On Appreciation, You’re Gambling

KAJ 18 reports from Montana. "New buildings have been going up around the Gallatin Valley, and reporter Keele Smith found out how much construction is going on - and what we can expect down the line. Randy Stevens just moved to Bozeman to work at Montana State University. He and his wife bought a...
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The Year The Dead Cat Stopped Bouncing

Readers suggested the housing market turn as the weekend topic. "2014: the year the dead cat stopped bouncing and sank into the quicksand (single family home bubble burst). I can smell a 20% (at least) haircut from this side of 2014." A reply, "I love your bullish optimism! And I also share it. The...
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On The Wrong Side Of The Housing Bubble

It's Friday desk clearing time for this blogger. "Although I wanted to retire in my contemporary Florida home, I am not going to miss out on the latest housing bubble as I did 7 years ago. At this time, homes that are comparable to our home are selling for about $200,000, which is twice as much as...
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The Inability To Get Ahead In California

The San Francisco Chronicle reports from California. "The 21,000 real estate professionals in San Francisco this week for a conference survived the housing downturn and saw the market rebound strongly this year. Bay Area prices are up about 32 percent compared with last year to a median of $540,000...
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