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 [...]
Ok, now this just sounds insane. Or maybe I should have started it as “I never thought this would happen to me, but…” (echoes of Seinfeld’s Kramer reading from Penthouse Forum). It’s mind boggling, but the notion of multiple offers – particularly on the lower 1/3 of the market here in the Bay Area– is [...]
I must say, I am impressed with the speed with which some of the President's programs from the Stimulus Package are hitting the market. It's quite a change from last year — remember back in Feb 2008 how we were all in a lather about the new conforming loan limit going up to $729,750? Well [...]
And here's why. There is a new refinance fever hitting the consuming public. Why? Because the record low delivery rates have let to incredibly low home loan rates. Have you heard about the rumored 4.5% fixed rates that might become available from the gub'mint under a new stimulus program to get the housing market to [...]
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 [...]
My Yelp Reviews
Realtor, Marathon Man, "Man of a Thousand Voices".