As we close out 2011 in the next few months, the California Association of Realtors released it’s California Housing Market Forecast for 2012 this week. The forecast projects home sales in California will increase 1% in 2012 to 496,200 units compared to 491,100 and 491,500 sold in 2011 and 2010 respectively. C.A.R. Vice President and […]
Home Sales Jump Nearly 8%
September 21, 2011 by
Sales of existing homes jumped much more than economists expected in August in response to low prices and historic interest rates, according to the National Association of Realtors. Sales were up 7.7% month over month as the median home price fell 5.1% compared to last year. The National Association says increasing rents may be the cause […]
Fed Vows To Keep Interest Rates Low
August 10, 2011 by
In an unprecendented move yesterday, the Federal Reserve anounced it planned on maintaining the historically low interest rates for a period of 22 months as the global economy teeters in and out of a double dip recession. This news is of particular significance since the major push from economists and real estate entities such as […]
Cynics Don’t Ask Why
June 20, 2011 by
Is it just me, or is every report on the economy and housing extra negative lately? The truth is, the real estate market has been catching much flack lately for it’s “poor” signs of recovery since last year, and rightly so. Looking at California Stats for May of 2011 vs last year we see a 14.4% […]
Another Rainy Day In Chula Vista Real Estate
December 29, 2010 by
As the rain pours down on Chula Vista’s battered homes just a few days before new years, you cannot help but see the symbolism as we close out the year. It has been a particularly rough past 12 months for the local real estate market in our beloved City not just in regards to home […]
Is The Sky Falling For Real Estate?
August 25, 2010 by
In case you missed it, the National Association of Realtors said demand for single family homes dropped to a 15 year low as existing homes sales dropped a record 27%, the largest month over month decrease since 1968. This comes as a surprise since many analysts expected a modest 13% drop. In addition to the drop in home […]
Are You Ready For A Double Dip?
August 13, 2010 by
There are many positive signs in the media that point to a steady recovery in the housing industry. A Union Tribune article showed San Diego home prices were up 12.4% for the month of May and went on to show that the City of San Diego stood in 2nd place when it comes to the […]
I Am Upside Down, Now What? [Part 2]
February 25, 2010 by
I’m upside down, now what? In part 1 I went over the the sense of entitlement some home owners may have due to their declining property values yet have no financial hardship. In today’s part 2 I’m talking to those who are facing financial difficulties . There has been much talk following the housing collapse […]
Home Prices Roll Backward
February 17, 2010 by
An article today in the San Diego Union Tribune which read “Home Prices Roll Backward”. To my surprise actually, and I do want to give credit to Roger Showley at the San Diego Union Tribune for not making this a negative piece and taking this opportunity to making this a negative point in the economy […]
Upside Down Mortgages Could Get Worse
November 16, 2009 by
As signs of price stability in the housing market appear throughout the country, the areas most hit by the downturn still face an overwhelming number of under water mortgages. While these markets saw a tremendous increase in home values between 2002 and 2005, many home buyers jumped for the opportunity to get in, with many […]
THE REAL ESTATE BUSINESS HAS LESS TO DO ABOUT SELLING PROPERTIES AND EVERYTHING TO DO ABOUT HELPING PEOPLE.
