It’s been a while since I’ve posted on real estate – Lately been hearing a lot of people talking on the subject of short-sales, and I’m trying to digest some of the numbers. The NAR (National Association of Realtors) is describing 18% of homes on the market as being upside down (the owner owes more on the property than he or she could sell it for). I feel for the those in this situation.
A big curiosity is how the upside down sales are distributed. 18% is the average, which means there are big swings around the country. Along the Central Coast of California (San Luis Obispo, Paso Robles, Morro Bay, etc), it’s roughly 50%… But in many locations that are still undervalued, prices still rise.
This is what I’ve been thinking and talking to people about when the topic of real estate comes up. Not many dinner conversations go by without hitting on this topic.
Anyway, the reason I’m on the topic of real estate in this post is because I spent all weekend remodeling… Well, thinking about Facebook applications, Google Social, and other apps while remodeling… Phew!
We gutted the 2nd bedroom Continue Reading
