Monday, November 13, 2006
Last Thursday I wrote a letter to the Editor of the North County Times thanking them for publishing Area Bucks Housing Trend ... One of the first local news articles I've seen that found the accurate good news in recent statistics.
This morning I was pleased to find Housing Market Expected to 'Coast' into 2007 with Modest Price Gains in my email from RisMedia. We have nothing to fear... except fear itself. The election is over... there is a pent up demand for San Diego County homes... and people are choosing to get on with their life. Time to enjoy paradise and get on with our lives. :-)
Wednesday, October 18, 2006
Now this is another example of real estate news... that didn't make the local news... Does this bother anyone else out there?
Read the entire Article .... and give me your thoughts...
Friday, October 13, 2006
"I suspect that we are coming to the end of this downtrend, as applications for new mortgages, the most important series, have flattened out," Greenspan said at an event in Calgary, Canada, sponsored by BMO Financial Group, according to a transcript BMO made available.
"There is a good chance of coming out of this in good shape, but average housing prices are likely to be down this year relative to 2005. I don't know, but I think the worst of this may well be over," he added.
Applications for U.S. home mortgages jumped in the latest week bolstered by increases in refinancing and new home purchases as long-term rates decreased, according to data from the Mortgage Bond Association.
Read the Entire Article
Isn't it incredible that we did not see this in our local newspapers or local news coverage?
Wednesday, October 04, 2006
Terri and I are happy to be helping a friend in the office sell their own residence. She is a newer agent in the mentor training program... and we are her mentors. Since we create free standing web pages for all of our listings... and submit them to all major searche engines... we did so for our friend as well. Please follow the link behind the title to this post to view the home. If you have any friends wanting a "European Country Treasure" at the top of Beautiful La Costa... pass this along. In fact... you can do it from here. :-) Thanks.. Paul (we'll have to find them another one... as this one is now sold.
Thursday, September 28, 2006
My God... can you believe it... there is good news... and someone reported it?
The Conference Board Consumer Confidence Index, which decreased sharply in August, posted a gain in September. The Index now stands at 104.5 (1985=100), up from 100.2 in August. The Present Situation Index increased to 127.7 from 123.9. The Expectations Index rose to 89.0 from 84.4 last month.
The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. TNS is the world's largest custom research company. The cutoff date for September's preliminary results was September 19th.
Wednesday, September 27, 2006
Well I challenged all to show me some good news in the media... with respect to real estate... and here's a pretty good one... New home sales are up... Combined with a flurry of showings on our listings... is that a rainbow I see? :-)
Tuesday, September 26, 2006
Here's the Article...
Sales slow, prices hit by second biggest year-over-year drop on record; surge of homes for sale seen keeping prices weak.
By Chris Isidore, CNNMoney.com senior writer
September 25 2006: 1:41 PM EDT
NEW YORK (CNNMoney.com) -- Home sales slowed and a key measure of prices fell for the first time in 11 years last month, spurred by the biggest glut of new homes on the market in more than a decade, an industry group said Monday.
The National Association of Realtors report on existing home sales showed that the median home price in August was $225,000, down 1.7 percent from a year earlier.
Read the entire article
Care to see what really happened in San Diego in August... Here's an excellent unbiased analysis of the San Diego Market as of September 1, 2006...
Tuesday, September 19, 2006
Monday, September 18, 2006
Adding 5 hours of exposure to every sign is a 40% increase in eye contact! WOW ! What engineer client wouldn't love that logic... and it's true.
So we purchased a Listing Light for all of our listings... and installed them. This is a great idea... and it is another evidence of work... the most rare four letter word in our industry. If you know a friend selling their home... or if you are selling your home... and your agent is too cheap :-) Follow the links... I think it's worth the money!
Friday, September 15, 2006
Have you ever seen a movie ... or television show that portrays realtors in a good light? If you have let me know. Please don't suggest the new "Million Dollar Listing" as that's a mixed bag of the understanding of Agency. Harrison Ford was a great cop in "LA Homicide"... but a totally unethical realtor. So every semester I challenge my students with this question... if there's someone out there that knows ... please let me know :-) Paul