Wednesday, October 18, 2006

Luxury Home Values at Record High despite Slow Market

Sales at Barratt American's multi-million-dollar neighborhoods continue to climb RISMEDIA, October 17, 2006—In the midst of what some analysts have called a slow Southern California real estate market, luxury home values in San Diego have been on the rise. According to First Republic Bank, San Diego County luxury home values rose by 1.8 percent to an average of $2.41 million in the second quarter of 2006. With high-end home prices holding steady, sales at Barratt American's million-dollar neighborhoods of Amore, Magnolia Estates, Seahaus and Nantucket have continued to climb with 210 homes now sold—many for a million dollars or more.
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

Housing market worst may be over: Greenspan

WASHINGTON (Reuters) - The U.S. housing market appears to be emerging from its recent travails and the "worst may well be over," former Federal Reserve Chairman Alan was quoted as saying on Friday.

"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

How a Home "Should Look" on The Internet

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.