opinion: Real Estate Contraction....Ventura County.
- 09/20/09 03:27 AM
Listings continue to decrease (1932 last week; 1859 this week); sales however climbed and it is probably due to the paper work being delayed in recording sales therefore the prices which had been going down now appears to have stabilized over the last week. The chart below summarizes the last weeks statistical numbers. However events that truly move the market are headed in the opposite direction. The County's high unemployment of 11+% certainly is a driving force impacting the real estate market. Lack of new jobs creation is another impact source. Consumer confidence is at a low point. The media is … (0 comments)
opinion: More Of The Same!
- 07/26/09 04:20 AM
New taxes (both federal, state and local) are on the horizon. I suspect that these new taxes will bein the form of "take away". Exemptions will be eliminated; possibly contributions will go by the way side; mortgage interest and real estate taxes will be reduced initially then eliminated completely; motor vehicle registration will be eliminated; and possibly the sales tax. What are you left with. Yep......a flat tax. Slowly but surely most will be taxed on adusted gross earnings at maybe a slightly higher rate. Child tax credits will remain as will low income tax credits but for sure most everything else will go … (2 comments)
opinion: Real Estate Is Starting To Sparkel To…..
- 07/05/09 06:49 AM
We are celebrating our 4th of July and many of us witnessed the sparkles in the night sky to remind us of our Country's birthday. As with the Country's birthday real estate is now showing signs of sparkles as well. Not with the dazzle of what we saw in the night sky on the 4th. It is somewhat more mute in the market place but the amber's are there and when this side-way activity is complete there will a significant acceleration upward in home prices. Items contributing to this price acceleration will include: 1. Of course there is the pent up demand … (0 comments)
opinion: Watching Grass Grow.
- 04/26/09 11:43 AM
There is a lot of BS going on in government with deflective stories being written to turn people's attention away from our economic problems and creating bigger government. Words uttered by any Federal or State representative should put one on guard. What is being said is to make people feel good; what is being done will make people sorry and at a point they think there isn't anything they can do. An example is the "rainy day set aside" proposal that California will vote on this May. Sounds good to set something aside. It makes one think that someone is taking steps … (5 comments)
opinion: We Have Lost Our Compass.
- 01/01/09 05:34 PM
An opinion of decade old problems that we will pass to our kids. For complete article go to: www.venturacountyretalk.com. … (3 comments)
Listings continue to decrease (1932 last week; 1859 this week); sales however climbed and it is probably due to the paper work being delayed in recording sales therefore the prices which had been going down now appears to have stabilized over the last week.;)
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