There's a new community outside of San Diego slated to open its first phase later this year with pre-sales beginning in June. It is called “3Roots” located in Mira Mesa, CA. Only 200 homes are expected to be delivered this year, from the total of 1,800 by 2025, has an interest list of already 14...
Covid changed a lot of things, some bad and some not. The eviction moratorium that was fist enacted under the CARES Act in March of 2020 was intended to be a temporary measure that did not apply to all residential housing, but only to properties tied to Federal assistance programs or those funded th...
As prices continue to rise and inventory remains critically low, home Sellers are getting the feeling that there is less and less they need to do in order to make their home attractive to potential Buyers. The practice of “flipping” homes has been around for a long while, but the prices and more...
Despite what the old saying suggests, perhaps the grass isn’t always greener on the other side. In their most recent earnings call and report, iBuying pioneer Opendoor® announce a $270 million dollar loss for Q1 of this tear, which represents an eye-popping 421% increase over the loss recorded in...
It’s fair to say that buying a home or a property is an arduous task for just about everyone, but if you suffer from bad or even just lower credit, the challenge becomes even more cumbersome. Obviously, credit scores are one the factors used to help to determine one’s ability to repay a loan or ...
If ever there were a situation that literally defined the term “The Devil is in the Details”, the part about payment of commission on a sale that does not happen would definitely fit the bill. The accompanying article is about a situation that arose in Canada wherein the Broker did, in fact, sue...
A Federal Appeals Court Judge for the District of Columbia has ruled that the Centers for Disease Control (CDC) overstepped their authority by issuing and subsequently extending an eviction moratorium as a result of the pandemic. Judge Dabney Friedrich said that the CDC only has discrete powers that...
Real estate giant Zillow® has filed a motion to dismiss a recently filed lawsuit by real estate upstart REX® claiming their practices violate anti-trust laws, and in conjunction with the National Association of Realtors® (NAR) claim further that their combined practices continue to keep real esta...
In a not so shocking letter to economic advice expert Quentin Fottrelle, aka “The Moneyist” with Market Watch a woman asked if her now ex-boyfriend is entitled to half of the home she purchased 12 years ago. They’d been dating for 13 years. Apparently, he felt some entitlement based on noting ...
The challenge of low housing inventory continues and so do the inevitable bidding wars that ensue as a result. Suggestions on how to win a bidding war come in from every angle, and disturbingly one of the primary methods touted by industry professionals, Realtors®, and Agents alike continues to be ...
Recently we have written on the current administration’s plan to assist first-time home Buyers with a credit of $15,000, which was not intended to be a Tax credit, but actually funds are available at the closing table as down payment assistance. To no one’s surprise, the plan that was touted as ...
In the past, real estate activity that was considered a “boom” was often more prevalent in only a handful of States like NY, CA, AZ, FL to name a select few. The difference this time around is that the pressure created by the nearly unprecedented combination of historical low interest rates, low...
“Normal” markets in real estate have enough competition from investors, which already casts a wide net of classes, but as prices have continued to skyrocket, interest rates remained low along with bond yields, along comes another challenge. Institutional investors can be comprised of REIT’s (R...
The news of the FDA and the CDC temporarily pausing the use of Johnson & Johnson® vaccines has caused a blip on the market radar screens and of course has created anxiety for that part of the demographic that has recently had it and now awaits the study results and to see if they become symptom...
The housing shortage that began in 2020 was not predicted by many, and in fact there were more predictions of a glut of properties available as a result of the fallout from covid and lockdowns across the Country. The inventory crisis has effected both re-sale properties, new construction, and the re...
As we head into Q2 of this year, many things have changed. Unfortunately the inventory crisis in the housing market is not one of them. There have been many suggestions on how to potentially address this issue, whether any or all will work remains to be seen until these ideas are actually put ...
Shades of 2005-2007 are appearing daily, and now the dangerous game of waiving contingencies by prospective home Buyers has become a way of trying to make their offer stand out. It seems that offering over list price with an accelerated closing are not enough these days, so the removal of much neede...
With the recently extended Eviction Moratorium set to expire in just 2 more days, the Center for Disease Control (CDC) has again extended the ban through June 30th, 2021. Obviously this is great news for those in financial peril due to covid, but it is yet another blow dealt to property owners and l...
If you have equity in your home and want to get access to it without adding debt, it is not impossible but just happens to be one of those things flying under the radar. You will be obligated to repay this money for sure, so in reality it is “a debt”, but it’s the manner in which it is repaid ...
When it’s completed, the Waldorf Astoria Tower in Miami will be among the tallest residential structures in the World at approximately 1,049 feet! What makes this newsworthy besides that? We don’t know about you, but this looks to be one of the coolest residential towers we’ve seen anywhere! S...