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Finding Your Dream Home
Finding your dream home starts with you. That’s a statement that you will have to remember throughout your search for your dream home. The reason is because throughout your journey of finding your dream home, you will find yourself being derailed...
Florida Real Estate Outlook For 2006
**Central Florida Real Estate led by hot commercial sector
Throughout 2005, commercial developers and real estate investors in the Orlando area have seen the same kind of impressive price increases as home owners across Florida. One of the...
Hey, Your Basement Smells! An Article for People Looking to Sell Their Home
Thinking about selling your home? As real estate agents, the condition we find homes in when we are showing them to clients never ceases to amaze us.
Although you want your home as clean and neat as possible when showing it, most potential...
Real Estate Auctions: Avoid Online Scams
(Discover Hidden Gems by Avoiding Potential Pitfalls and Fraudulent Websites.)
Seized Property for 90% off Market Value?
Recent popularity
In the last year buying bank and government seized properties has become very popular. This is...
Selling a Home – What Personal Property Stays?
The home selling and buying process can be confusing, particularly when it comes to figuring out what items stay with the home. This is especially true when it is a FSBO (for sale by owner) operation. It’s even tougher when neither the seller nor...
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San Diego Real Estate – Reading Between The Lines
The Change in one of the nation's hottest real estate markets may be a sign of a Nation wide trend!
Just this summer it was almost impossible to find a new San Diego real estate development that
cooperated with real estate brokers. If you could find a developer co-opting, it was most likely way below the traditional 3% rate.
Well, just a few short months have passed and a current read of the Sunday homes section of the San Diego Union Tribune shows that though the real estate market does not make discernible moves in a day like the stock market, a couple of months can easily define the local real estate trends.
Here are just a few of the incentives noted in the home section of a very recent Sunday’s paper: 4% broker co-op, free plasma screen TV, $1,000 off closing costs, $2,500 in design center upgrades, $10,000 in incentives, one year HOA fees paid, $5,000 in closing costs, $2,000 closing cost credit, washer, dryer & refrigerator included, $25,000 in incentives or cash price reductions, $1,000 gift certificate, and no HOA fees for 2 years!
The grand opening long buyer lines, multiple offers, offers above the asking price and homes selling within days of being listed are just fond memories now. However, due to the huge home appreciation all San Diego real estate has seen, with the average home up 100% in the past 5 years,
combined with the boom in 100% adjustable/interest only loans, the stage is set for what is sure to be mind-numbing depreciation.
Yes, we have started on the down leg of the typical ‘Bell Curve’ and the probability of surpassing our approximate 20% drop in San Diego home values experienced from 1990 thru 1996, seem assured. Plus, as real estate trends seem to start in the West and than move east, any U.S. real estate market that experienced huge price appreciation the past five years, will experience the same depreciation in real estate residential values.
Copyright 2005 Promotions Unlimited - All rights reserved
About the Author: Bob Schwartz, CRS,GRI, is a Certified Residential Specialist San Diego real estate broker http://www.Brokerforyou.com with over 27 years experience. Bob's other sites are about San Diego downtown condominium real estate activity at: http://www.downtown-san-diego-real-estate.com & A free website award site at http://www.web-site-award-winning.com/
Source: www.isnare.com
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