2013 Projections for the San Diego real Estate Market
March 4th, 2013 categories: Local San Diego News You Can Use, Market and Forecast Updates For San Diego, San Diego Real Estate, San Diego Real Estate News, San Diego Relocation, Selling San Diego Real Estate
I think much has been said or implied that the real estate market recovery is underway. If that is so and it does seem that way at the moment, perhaps there are some projections or a forecast as to what can be expected in 2013. With many many market reports that show the trend lines to decreasing inventory and slight increases in property prices in certain market areas, it would be wrong in my judgment to draw more inference from them than what has already been shown.
With no crystal ball to predict the future, there are some economic indicators that point to more difficulties ahead with the fiscal cliff clearly in front of us. In my estimation, even if there is a temporary solution, the federal deficit looms even larger and there seems to be no consensus about the biggest items in the budget, the entitlements.
The mortgage interest deduction which has always been sacred also appears to be on the table in the continuing negotiations to avoid the fiscal cliff. There are varying opinions on what the effects could be if the mortgage interest deduction is tampered with. Because once that is opened up to some of the considered or proposed changes, thinking that will be it as far a changes goes, usually proves to be a wrong judgment. It will likely be tampered with again and again until it basically would disappear or with such limits imposed that it could still have a profound effects on real estate markets.
We have seen a clear draw down of inventory. What parts of the inventory? The homes that have been remodeled, upgraded and show very well and also the entry level homes that have been picked up for cash by the investors. So what about the rest of the inventory? Some of it at least seems to be being passed up by Buyers or offered on with much lower prices and either rejected by the Sellers in hopes of a better offer, or these homes just remain on the market and are chasing the market instead of leading it.
The Mortgage Relief Act is also expiring at the end of the year and if there is no consensus, some short sale sellers could find themselves in a world of hurt. Not to worry everyone says, this will be extended. OK, so then so lets not worry about it.
In past years I have always been optimistic and I have decided to remain so. After all, interest rates are ridiculously low, prices seem to be increasing, inventory is selling, so what’s to worry about. Perhaps that will be my projection. “Don’t worry about it”. It will all work out for the best. Who’s Best? I suppose the best answer will be, “It depends on Who’s asking”. For those of us living in San Diego and for those that will make their way here, what won’t change is the awesome beauty of our coastline and the great weather in the city where “Happy Happens”. As for the rest of the concerns, “Don’t worry about it”.
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What’s Christmas Without Model Trains – San Diego Model Train Museum
December 4th, 2012 categories: Local San Diego News You Can Use
What’s Christmas Without Model Trains
This Photo was taken last year at the San Diego Model Train Museum in Balboa Park. The museum will be open with new displays during the December Nights Celebration Dec 7th and 8th for 5:00 to 9:00PM.
The displays are some of the most sophisticated train model cities I have ever seen with an entire room display of Lego Blocks model train city shown below.
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December Nights Dec 7th and 8th at Balboa Park
December 3rd, 2012 categories: San Diego Real Estate, Things to Do in San Diego, William's Friends and Family, William's Life in San Diego Musings
December Nights
December 7th and 8th at Balboa Park
Christmas in San Diego is very special time of year. We don’t have snow to build a snowman like those that live back East and our temperatures are not freezing cold so we put on an extravaganza like no other in the entire country.
Christmas Nights, In our traditional San Diego style, kicks off the holiday season December 7th and 8th. I am always impressed how our city can pull all the parts together and put on an event like this. This is our 35th year and like years before, this years event will hold to our tradition of free admission for all, even in these uncertain economic times.
Christmas is a time of giving and the city of San Diego does it best!
I have attended this event every year for as long as I can remember and it just gets better and better. Taking place in one of my favorite all time favorite places, Balboa Park, we are able to easily hold the over 300,000 people over the two days and nights which doesn’t even begin to fill the park. We could hold another hundred thousand more over the several dyas and nights and each years this event grows bigger and bigger. More »
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Client Questions About the Real Estate Appraisal Process
November 18th, 2012 categories: Buying San Diego Real Estate, San Diego Real Estate
Most consumers want to understand better the appraisal process and they very often ask questions. We in the real estate industry while we do have a grasp of appraisal principles, we do not generally have all the specific knowledge to answer them beyond what we can demonstrate with market activity.
Today’s appraisers can have a very difficult time, not that most of the time over the last decade they didn’t with the vastly changing markets. But times today are even more different which I will endeavor to bring to light and how appraisals with all of it’s applied principles can still miss articulating the true market value. Read More. More »
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November 15th, 2012 categories: Local San Diego News You Can Use, San Diego Real Estate, San Diego Real Estate News
Five Star Professional
Research that Recognizes Outstanding Service Professionals
William Johnson
RE/MAX Associiates
We are pleased to inform you that you have been named a 2013 Five Star Real Estate Agent. Congratulations on reaching a level of excellence achieved by fewer than 7 percent of the real estate agents in your area.
Your selection is the result of a rigorous research process that included a regulatory and consumer complaint review, and an evaluation of objective criteria associated with real estate agents who provide quality services to their clients. In the end, you are being recognized by the largest and most widely published real estate agent award program in North America.
As a 2013 Five Star Real Estate Agent, you are receiving an honor that reflects your hard work and dedication. We look forward to working with you to share your good news.
Sincerely,
Five Star Professional
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