Seen 737 N. Catalina in Burbank yet? The adorable, unspoiled 2+1 for $425,000? It's not my listing, but I'm taking bets on how many offers it will receive. I showed it last night, and there were so many other showings around the same time that it was like an open house.
Government regulation or lack thereof: the Department of Real Estate in California is going away next year. Instead, regulatory matters and law enforcement will be handled by a new branch of the California Consumer Affairs division. I don't know how this will work, but the DRE was understaffed, so perhaps this will be an improvement.
Learned today: Forget getting credits through escrow for repairs on the house you're buying. If the house needs repairs, and you're getting a loan, your lender may require the repairs to be made before close of escrow by the seller. Yup, they're tightening up on that, too.
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