House Candy
This week the Commerce Department reported that sales and prices of newly constructed single-family homes fell in August despite historically low mortgage rates. Reason: stagnant job market, lots of inventory, and fewer home builders out there churning dirt. We are at about 1970s home building activity, when interest rates were even higher! Last month new home sales slipped 2.3 percent.…
It may be hotter than hell, and yes we have no oceans or beachfront. But our market is so nice and healthy compared to others, even the Gold Coast of Pebble Beach and Carmel. (Besides, the heat gives us a great reason to get away. I was freezing in Carmel, and never wore sunglasses.) Meantime,…
Attention sharpest real estate shoppers: opportunity is knocking big time for a wise real estate investor over here at 9422 Alva Court, in the honeypot of Old Preston Hollow. In fact, I feel like I am having deja vue: we bought in Old Preston Hollow when the market was about as low as it is…
