There are concerns about the long-term recovery of the housing market due to the high share of buyers paying with all cash. Overall, all-cash purchases accounted for 42.1 percent of all U.S. residential sales in December, according to a new report from RealtyTrac, a company that collects and analyzes housing data. Institutional investors have bought up many homes with cash, and average buyers remain constrained by unusually tight lending standards. Continue reading
Along with the company change will be a change to my email address; my business email will change to JohnASilva@BHHSCAL.com — no spam please!
DataQuick, who monitors real estate activity and provides information to consumers, educational institutions, public agencies, lending institutions, title companies, and industry analysts published this report yesterday (4/17/13) for Southern California.
It is amazing that San Diego and Los Angeles real estate markets have parity in values even though the total sales are almost cut in half in San Diego versus the metropolis of Los Angeles County. When the last real estate boom hit in early to mid 2000’s, Los Angeles held a commanding lead in values for most of those years. What does this mean in the big picture is that San Diego has crossed the line of being a truly desirable place to live and a city where value far surpasses the investment. Economy wise, San Diego is showing signs of competing with the big boys even in the tech industry especially after the governor of Texas made personal invitations to many of the top flight companies here and word has it that there are few to no takers.
Now the bottom line is that with tax season over and the Real Estate market year about to hit high gear, you are reading this and on the fence still about your future? I would say, take your pulse because you made need to call 911, but before you do, CALL ME!!!!
Thanks for Reading as always and your comments are always welcome! Have an outstanding day!!
PS. In light of the fact of recent disasters via bombs, my prayers and condolences go out to all affected and may God bless America. The term “boom” is simply a metaphor and is not meant to offend anyone.
For more information on the article from DataQuick, please go here.
Get Moving: July 4, 2012 has Fireworks in Real Estate?
The latest news as we head past the mid point of 2012 in real estate locally in San Diego shows increases in values, currently pushing the validation of the second quarter statistics even further forward as we settle into the hottest selling season of the year. Interest rates are at historical lows below 4% fixed-rate for a 30-year mortgage, so if you are thinking of buying but are still on the fence, GET MOVING! And if you are wondering if it is time to explore moving up or scaling back from your current space, let me repeat myself–GET MOVING!
Every real estate transaction, whether on the buying side or the selling side, is unique as far as the situation. Because of that, your experienced real estate agent or broker should assist you, as the client, in the appropriate direction. If there is any hesitation of what the best course of action is, it may be time to interview another agent. If this is the case, I would like to interview for the job of being your agent now.
My latest experience involved me selling a rehab home for the out-of-state owners, who owned it free and clear. I was able to reap, I am proud to say, the highest value for the zip code! This, on top of the fact that the comparable properties had depressed values and the neighbors were skeptical, but who are now thrilled because I just raised their value considerably. The market is on the way up, thus making it the perfect scenario for you as a buyer or seller to GET MOVING!
For two other clients of mine that I am in the process of helping buy homes; one listed to me, accepted my advice, and is under contract–while the other wanted to veer away from my recommendations and, sad to say, they are not happy because they did not get the property. It is not all about price, it is the big picture; including: getting repairs done and even new appliances put in the property–but I will get you the best shot at the best results! In obviously over-priced homes, there again is nothing to worry about, because I know how to weave through that. All situations are different when buying or selling; however, when you have an agent who has over 20-years of full-time experience in this industry, then your odds of winning always go way up. Wouldn’t it be in your best interest to HIRE the BEST of the BEST?
NOW is the time to GET MOVING and make sure your back is covered!! I am available now; you can search current properties on my website: www.JohnSilva.com–and give me a call to schedule some showings!
In closing, my sincerest wishes for a safe, blessed and happy 4th of July to you and yours, and especially thanks for our forefathers whose example we continue to emulate with the True Heritage of this great nation called America, lest of all we best not forget our military–past, present, and future who contribute in sacrificing their body, spirit and ultimately their lives for US ALL! God bless!