San Diego Real Estate News
San Diego Housing Market Has Been Steadily Improving-But Now It Is Slowing Down
July 17th, 2010 categories: Buying San Diego Real Estate, Investing in San Diego Real Estate, Local San Diego News You Can Use, Market and Forecast Updates For San Diego, San Diego Mortgage Banks and Loans Info, San Diego Real Estate, San Diego Real Estate News
San Diego Housing Market Has Been Steadily Improving-But Now It Is Slowing Down
Over the last 14 straight months, the San Diego Housing Market was improving. I reported so here on ActiveRain and on my Voice of San Diego Real Estate blog site with glee. So what is happening now? It would seem at first glance that the Federal Tax credit coupled along with state housing credits inspired most of the qualified buyers that were in the market to have already purchased leaving, us with a much smaller Buyer pool. And that doesn’t look to be increasing any time soon. Could that be a real possibility after having a steady increase in the improving numbers of home prices and sales? A possible cyclical change already?
According to Data Quick reporting, more money was spent last month on housing in Southern California in in the past 2 years. Home purchases are dropping significantly and with the historically low rates that haven’t been this low since the 1970’s, what could be going on? Read the rest of this entry »
| Discussion: 2 Comments »
La Jolla Festival of The Arts |Featuring the Works of Kari von Wening and Jan Bush
July 3rd, 2010 categories: Buying San Diego Real Estate, Investing in San Diego Real Estate, Local San Diego News You Can Use, San Diego Beach Communities, San Diego Real Estate, San Diego Real Estate News, Selling San Diego Real Estate, Social Media
La Jolla Festival Of The Arts
This art show and 4th annual charity event held at the beginning of each summer is sponsored by the Torrey Pines Kiwanis Club. It is held on the east campus of the University of California San Diego. The designated grounds use many acres to accomplish the very large event. One of the finest Art Shows in all of Southern California, this art show in particular, I don’t miss.
This is no ordinary community art show as it features Internationally known artists, book signings, Chalk art by Prominent world Class Modonnari, a Classic Car exhibit, Cuisine prepared by Restaurant Row participants, An Interactive Kids Zone, and Music Entertainment by Featured Musicians and Bands on The Carvin Entertainment Stage.
The variety of Fine Arts in different medium covers a very large area on the grounds and the numbers of artists this year was extraordinary. The sections of street painting by world class class Madonnari ( chalk artists) was simply amazing.
This year, I am featuring two artists whose wonderful artistic stylings I have come to know and really enjoy. Introducing you to Kari von Wening and Jan Bush.
| Discussion: Comments »
San Diego Home Prices Are Going Up!
May 11th, 2010 categories: Buying San Diego Real Estate, Local San Diego News You Can Use, Market and Forecast Updates For San Diego, San Diego Real Estate, San Diego Real Estate News, Selling San Diego Real Estate
San Diego Home Prices Leading the Nation in Home Price Increases.
According to Zillow, San Diego home prices year over year have increased 3.5 % and other reliable analysts agree that San Diego’s bottom was met and prices are on the rise and now lead the nation. Out of 27 major market areas, San Diego lead the way of the 6 top markets showing ayear over year increase in price followed by 4 other California markets.
Good news for Homeowners and for home ownership. It seems pretty clear that if prices are going to continue to rise, short of any great new economic downturn on the horizon, this is a very good time to buy with prices still low and interest rates still affordable. Single family homes are up on average 4.5 % over the past year and condominiums were 2.2 %.
Buyers that want to buy a home at the ground floor level would be well served now to get back into the market and make hay will sun shines, which it does most of the year here in San Diego. There are still some very good bargains out there but the inventory is low and hasn’t had much increase in inventory. Think in terms of supply and demand and take action now.
I would highly recommend San Diego Buyers to realize that the time is now if you still want in at the bottom.
| Discussion: Comments »
How to Determine the Best Real Estate Professional for You!
April 1st, 2010 categories: Buying San Diego Real Estate, Investing in San Diego Real Estate, San Diego Beach Communities, San Diego Condominium Guide, San Diego Real Estate, San Diego Real Estate News, San Diego Relocation, Selling San Diego Real Estate, William's Friends and Family, William's Life in San Diego Musings
How to determine the Best real estate professional for you!
Sometimes San Diego real estate buyers and sellers experience difficulty selecting the perfect Real Estate Professional to assist them with their home buying and selling experience.
Often it can be as easy as taking a test to find the perfect agent for your home buying or selling experience.
Find out who truly is the very best Real Estate Professional for YOU!
(DON’T SCROLL DOWN YET)
DO THE SIMPLE MATH BELOW, AND THEN SCROLL DOWN TO FIND THE PERFECT REAL ESTATE AGENT FOR YOU.
No Peeking!!!
It’s AMAZINGLY CRAZY how accurate this is!!
1) Pick your favorite number between 1-9
2) Multiply by 3
3) Add 3
4) Multiply by 3, again
5) You should now have a 2 or 3 digit number….
6) Add the digits together
Now, scroll down.
With that number, see who your PERFECT AGENT is from the list below:
(1) Your cousin, Vinny, who just received his real estate license this past Tuesday
(2) Bob, who rode his bicycle 7 miles to your house, because he lost his license to drive
(3) Nancy, who told you to get in, sit down, and shut up, because you were in for the ride of your life
(4) Madeline, the agent who consulted with a Ouija board to determine your home’s list price
(5) Eric, who brought his aggressive Pit Bull along for showings, because he didn’t know “who” or “what” we might encounter while viewing vacant properties
(6) Marcus, your car’s auto-mechanic, who also sells real estate on Sundays, and sometimes in the evenings
(7) Allison, who once volunteered her time at the hospital, but is into real estate as a hobby now.
(8) Ellis, who told you before you could sell your home you needed to complete the list of 78 improvements on your home. Total cost of improvements $56,000. Home value – $150,000
(9) William Johnson – Realtor for over 20 years and lives here in wonderful San Diego. Caring, experienced and the consummate professional.
(10) Oh, oh, need to cross Don’s name off this list, because we buried him last month.
See, it wasn’t that difficult to select the perfect real estate professional after all.
At the end of your successful real estate home buying or selling experience with #9, you will know how accurate this test was!
Why are you laughing???
P.S. Stop picking different numbers. Just dial (858-487-6975) and ask for William Johnson, author of the Real Estate Text Book with over 20 years of experience. Tell him you took the test, and it told you to call.
*This test is meant for entertainment purposes only! Any names used (other than my own), are either fictional, or have been changed to protect the guilty!
| Discussion: Comments »
San Diego Real Estate – Affordability Caused By Declining Inventory of Single Family Homes Seems to be Decreasing
November 19th, 2009 categories: Buying San Diego Real Estate, San Diego Real Estate, San Diego Real Estate News, Selling San Diego Real Estate
With fewer homes with equity coming to market and the increasing numbers of buyers vying for the more limited inventory, there are few choices left for the family on even a reasonable budget. Federal Tax credits for First Time Buyers and move -up buyers within a specific income threshold has increased the competition for affordable housing. With prices for an average per square foot dwelling now heading into the $300 per foot range, the lack of inventory coupled with the increased demand is reducing affordability.
I have seen availability coupled with affordability drop, seemingly to close out the family even with a fair amount of income if they need to occupy the property in a reasonable time frame ( most short sale purchases can be several months off if lender approved). The numbers of Buyers for more moderate priced homes has mushroomed and this week alone I have viewed many properties through much of the lower half of San Diego County and touching into the upper half up of the county to the $400,000 level for just such a family. Many short sales have no acceptable occupancy time line and the corporate REO’s have limited financing due to the 90 day FHA flipping rule.
The market has heated up very quickly since the extension and expansion of the Federal Tax Credit for first time and for move-up Buyers in the moderately priced home range. The housing supply is dwindling and the current limited inventory in many cases is going into overbid with multiple offers..
Market conditions seem to indicate that the more affordable single family housing is to be found more inland and anything that is priced well and market ready within 20 to 25 minutes of the coast is getting a lot of Buyer showings and multiple offers within days of bringing the property to market.
Affordability as cited by the economic predictions usually deals with statistics based in medians and averages. I am not dealing with statistics but rather real families with real housing needs. Day after day searches bring me to the conclusion that housing affordability has waned and the price of property is increasing as affordability based on lower inventory are declining.
Please Note: This is real life and I didn’t bother to check to see how my empirical evidence aligns with the actual statistics since my clients are suffering through the real life situation and statistical numbers don’t mean much to them in trying to find a property they can call home.
| Discussion: Comments »
