“On Market January 27 February 3!” When the turnout at a home on Broker Tour (the weekly open house circuit for Realtors each Tuesday) is disappointing . . . it’s appropriate to schedule a “do-over.” See, “Broker Tour ‘Encores.'” However, in my experience the “makeup” open house seldom attracts a big crowd, either, even if...Read More
When You’ve Got It (Curb Appeal), Flaunt It I don’t believe I’ve seen another example where a dormer (white) contrasts so dramatically with the rest of the home (dark green for the trim and 2nd floor shakes, light green for the first floor stucco). But the effect works! Curb appeal is inherently subjective, but this home...Read More
2014: Year of the “Boomerang Buyer”?? If you didn’t know, a “baby boomeranger” is the adult offspring of a Baby Boomer who’s grown up, graduated from college . . . and moved back home with their parents (presumably unemployed — or at least underemployed). That’s bad for the housing market. Replenished Buyer Pool So, what’s...Read More
Putting Today’s Record Low Housing Inventory in Context Economists distinguish between “real” and “nominal” numbers. So, someone who made $40,000 in 1989 (25 years ago) and now makes $60,00 would certainly appear to be better off. But they’re not. The reason: prices have doubled since then, which means that — to have simply kept pace...Read More
Tear-Downs Spread to Less Expensive Neighborhoods, Busier Streets Literally one day after the Golden Valley home pictured above sold for $77,000 last month ($2k over ask), the new owner listed the to-be-built new construction on MLS (photo, below). Asking price: $449,900 for 5 BR/4 Baths and almost 2,900 finished square feet. Not a bad bump,...Read More
