This is a continuation of last week’s discussion with real estate and luxury home legend Bob Dyson, who has a radical proposal that is being quickly embraced by Realtors, lenders and local Real Estate Boards. Why resort to radical resolutions? Because, says Dyson “This is a real estate depression–a serious, serious issue.” He sees an immediate need to stabilize real estate markets and neighborhood values. He also believes the motgage…
by Roberta Murphy Last Thursday, I had the opportunity to sit across from Bob Dyson at his office in Del Mar and listen to this real estate legend discuss today’s real estate market. We were also fortunate to have Chris Dyson videotaping much of the discussion, which we have divided into four segments. At the start of our interview, Bob Dyson said these are the worst conditions he has seen…
by Roberta Murphy Luxury Home Defaults Ed McMahon may have wondered what else in new in defaulted real estate with the pending default of his Beverly Hills home. But yesterday, Standard & Poor’s Ratings Service reported that even prime jumbo loans are starting to buckle. Over a period of just one month–from June to July, 2008–jumbo loans originated in 2006 saw mortgage delinquencies rise 13.2 percent, while 2007 delinquencies rose…
by Roberta Murphy Good Bargaining Tips for the Luxury Home Buyer If this is the worst real estate market (for sellers) in recent history, then surely it creates some of the best luxury bargains of a lifetime as well. We are seeing smart money aggressively buying in our San Diego real estate market, and hear reports of the same elsewhere. The properties are being bought as fix-and-flippers or are being…
by Roberta Murphy Bob Dyson is a real estate legend who recently launched Sothebys real estate offices in the San Diego, Palm Springs and Las Vegas markets. He has kindly agreed to share some exciting news with us about a new real estate exchange program that is set to rock the San Diego real estate market mid-January. This program will do much to liberate locked-up equities in homes throughout Southern…
