Bob Tepedino - Broker

10/26/2022

Pretty sure he wasn't amused...

08/29/2022

04/08/2022

In Portland - one of the most progressive cities relative to "protecting" renters - the results are in: new laws and regulations that are hostile to landlords have led to a flood of landlords quitting the business. This has resulted - naturally - in a serious shortage of rental home inventory, hurting EVEN MORE the very renters these bureaucrats claim to want to help.

City policies to help renters may have backfired, causing rentals to disappear, a new report finds.

06/22/2020

May is typically the first full month of sales in San Diego's "high season." According to this article, the lockdown has pushed the trend in the opposite direction of where it usually goes: down instead of up. But don't despair! Buyers who stick with it, take a deep breath and move forward are likely to get their deal done: all it takes is a cool head, patience and good humor. It's like driving in the rain: a cool head, acknowledgement of the reality of the situation and altering your actions relative to what's going on outside your window will get you to your destination safely.

The lockdowns and pandemic hurt home sales even worse than expected in May. | Economy

05/26/2020

Economists expected a sharp decline in sales of new homes for April. Instead, sales actually rose from March. | Economy

03/20/2020

The concept of "Home" has never been more relevant and timely. Contact me and together we'll discover the opportunities of you getting a home of your own. The fact that mortgage interest rates are historically low right now makes the possibilities of buying even more enticing...

10/11/2018

Buyers AND Sellers often fall victim to their own game-playing when the market is "tight" like it is now.

In a seller's market, it's easy to become overly confident. But if you don't approach negotiations carefully, you could sabotage the sale of your home.

03/20/2018

Here, the writer leads the reader to believe that the majority of the reason that folks are leaving California is because of high rents. He substantiates this flawed assertion by waving around the "median home price" chestnut which, as I've mentioned many times before, doesn't effect the majority of low and mid-income residents he posits constitute the lion's share of this "wave." To wit: the lower-income people he says are having trouble finding affordable housing are not even attempting to buy median-priced ($600K) homes. That's like saying that lower-income people can't afford to drive to work here in California because the median price for a car is $50K. These people would NOT even be considering buying a $50K car, and they're quite happy in the $400K homes I routinely sell them.

He subtly admits the REAL issue in a quote within the second paragraph: "The government in the state of California isn't helping people like myself." This can be mistakenly construed as an attempt to indicate the need for government interference in the form of rent and price controls. Because this comment is placed so high up in the article - long before rents and property-costs are discussed - I believe it does NOT allude to rents and is simply a literal statement from the interviewee: THE GOVERNMENT OF CALIFORNIA IS HURTING PEOPLE. Substantiation for his opinion within the article includes recitations of California's high taxes, including gas and income tax.

I find this article specious: it sounds reasonable and appears to be based upon data and facts of record, but the facts are decoys and the article is carefully engineered to subtly "move" readers toward the writer's opinion. This is similar to the hidden messages placed within movies to unconsciously motivate theater-goers to purchase products or form opinions.

More Californians are moving from the Golden State, particularly lower-income residents, although even middle-class residents are saying goodbye, according to experts.

03/07/2018

"Clearly, fewer Buyers are able to find what they can afford."

The ONLY thing that would justify using the word "clearly" would be a thorough disclosure of the evidence that substantiates what is CLEARLY nothing more than this news reader's assertion.

My provable data indicates a large percentage - approaching the majority, in fact - of my many prospective Buyers who express hesitation to move forward with their purchases do so NOT because of affordability issues, but because of lack of inventory choices.

Lesson learned: get your real estate information from a reputable broker who works for YOU. Don't rely on generic information from talking heads with undisclosed allegiances.

Home-purchase contract signings fell at the fastest pace in nearly 8 years and touched a 3-year low, suggesting the inventory crunch is really starting to bite.