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» Home Sizes Expand: Are McMansions Making a Comeback?

» Home Sizes Expand: Are McMansions Making a Comeback? | CEO of Real Estate | Scoop.it
» Home Sizes Expand: Are McMansions Making a Comeback? (Home Sizes Expand: Are McMansions Making a Comeback?
Scott Voak's insight:

This is a good article, but I think the main point is that during the crash most of the sales were starter homes - homes where people purchased their first home with a "funny" loan and then had to short sell or were foreclosed on.  The buyers in larger homes were able to hold on (better than those in smaller homes with fewer finanical resources).  Now that the market is coming back, the move-up market is starting to develop and the larger homes are selling again, pushing up the average size.

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Escondido woman sentenced in mortgage scam

Escondido woman sentenced in mortgage scam | CEO of Real Estate | Scoop.it
A judge ordered Safieh Fard to serve 63 months in prison and pay $549,000 to the IRS. (San Diego R.E. Escondido woman sentenced in mortgage scam: A judge ordered Safieh Fard to serve 63 months in p...
Scott Voak's insight:

They're not only going after the banks - individuals involved in mortgage scams are at risk also.

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Why housing prices are up in Southern California and what it means to you

Why housing prices are up in Southern California and what it means to you | CEO of Real Estate | Scoop.it
No one thinks the Southern California housing market is normal. But do prices have more room to rise?
Scott Voak's insight:

This is a good article about the Southern California real estate market and why the current rise is not likely a bubble.

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10News - Debate over possibility of shadow inventory in San Diego real estate market - 10News.com - News

Debate over possibility of shadow inventory in San Diego real estate market http://t.co/mzqg2x7vl2
Scott Voak's insight:

This article is using month old numbers.  The current inventory is 5,000 homes and we are still seeing demand way above supply.  The 13,000 homes that have delinquent mortgages would be absorbed in about 4 months if they all hit the market at roughly the same time.  As a broker I would love more homes on the market - it just isn't going to happen to this extent.

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Calculated Risk: Lumber Prices near Housing Bubble High

Calculated Risk: Lumber Prices near Housing Bubble High | CEO of Real Estate | Scoop.it
Demand for lumber is increasing, but demand is still far below the levels during the housing bubble. However supply is lower than during the bubble years too. There are several factors impacting supply including a large ...
Scott Voak's insight:

I've talked about this on the radio show, builders are starting to have to deal with rising costs for raw materials due to the fact that many suppliers shut down operations during the crash and the cycle time to ramp up raw materials is significant.

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Testosterone Pit - Home - Housing Bubble II: But This Time It’s Different

We have seen it for several years now: foreclosure sales—there were 5 million since the ...
Scott Voak's insight:

I thought this was an interesting article.  Could the easy Fed money be fueling another housing bubble while at the same time lowering rents?  Don't this it is too much of a factor in San Diego, but it could be elsewhere.

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