Starting this past Friday, July 1st, carbon monoxide detectors must be installed, consistent with new construction standards or according to the approved instructions for the detectors, in all existing single-family dwelling units. All other dwelling units (such as apartments) must have proper carbon monoxide detectors no later than January 1, 2013. For home sellers? This [...]
An early Christmas present for many home buyers came in the form of the extension of the federal tax credit for home buyers, and was signed into law by President Obama Friday, Nov. 6. The tax credit, which was set to expire Nov. 30, has been extended through April 30, 2010 with a 60-day extension [...]
Ever want to know how many mortgages your lender does, in your area, and what kinds? Well, with much kudos to my preferred B of A mortage loan officer Shaveta Sareen (who can also be reached at 650-358-4874), take a look at this market share data for San Mateo County, from January to June of [...]
It seems like just yesterday – ok, maybe 2 or 3 years ago – when a new listing in Mt. Carmel that came on the market with a price tag higher than $1M didn’t raise an eyebrow. Heck, there were even some bordering close to $2M that I thought “well, if someone’s willing to pay [...]
If it looks like a duck, smells like a duck, guess what? It IS a duck. Feel free to replace "duck" with "recession". There's no longer any doubt that the economy has entered a recession, and there are many different perspectives of how long it will last and how severe it might be. All the [...]
Back for an unprecedented THIRD time on the Gory Details Podcast, next Monday I will be interviewing the dynamic, illustrious and always interesting Carole Rodoni. For those who don't know her, Carole is an author and advisor in Bay Area real estate. Her illustrious career includes roles as President of Fox & Carskadon Realtors, COO [...]
This comes from a great article I saw last week in the Los Altos Town Crier. Talked about a recent panel of real estate lawyers (now THAT'S a bit of a scary combination of 3 words), discussing numerous issues, chief among them, disclosures. Here were the highlights: In today's economic times, when much of the [...]
So for single family homes, here's what happened in Q3 ' 08 (July, Aug, Sep) in a handful of Peninsula cities: Current Inventory Closed Sales Avg. CDOM Median Price % LP Rec'd. Belmont 57 51 42 900,000 98.6% Menlo Park 116 77 53 1,340,000 98.9% Palo Alto 92 99 32 1,700,000 101.1% Redwood City [...]
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Realtor, Marathon Man, "Man of a Thousand Voices".