real estate trends: This Realtor Doesn't Agree With The Tax Credit - 10/29/09 04:04 PM
Yes you heard it right. If I'm not allowed to disagree w/ CAR and NAR somebody please warn me. The following is going to explain my position but I'm not going to break out any charts here. I believe in a free market and competition. Those two things create jobs, keep prices down, and create opportunities. When we as a government subsidize any industry we take away the free market influences that are used to maintain a productive and efficient industry. We also continue to reward those who can not run a successful organization. We have seen government organizations in the … (7 comments)
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real estate trends: California City Buying Foreclosures - 07/25/08 03:05 PM
I read an interesting article in the Daily News, Friday July 25, 2008. The article is titled "Lancaster coming to the Rescue". This was on the front page right under another article titled "Foreclosures up 230%". Headlines like these do sell newspapers. Lancaster is part of the Antelope Valley in Los Angeles County. The Antelope Valley has had 3518 foreclosures through June 2008. Obviously this area has a housing epidemic. The homes that end up sitting vacant are attracting vandals and squatters. This is ruining the quality of life for many families that still live here. The city of Lancaster is … (0 comments)
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real estate trends: Is The Real Estate Market Heating Up? - 06/22/08 10:42 PM
My experience lately in this market is that it is heating up in some areas. This does depend on some other factors but it does seem the main factor is pricing. I have a listing in escrow and it had multiple offers way over asking price. The home is a much older home and I'm sure many of the prospects see more value in the land itself. Lucky for me my sellers were motivated and had faith in me when I suggested listing it for their bottom line price, which was right in line with a recent value check from an … (5 comments)
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real estate trends: Real Estate Market - 11/14/07 09:37 PM
Which way is the market going? High inventory levels, low demand, low interest rates, and tight money supply suggest that prices should continue to drop. Recent reports show that inflation has been tamed, (good job Uncle Ben). Are investors still staying away from CDO's? Are they buying portfolios of debt from the banks trying to avoid a high foreclosure rating for pennies on the dollar? This last quarter really seems to me to be the final stretch and I'll explain why. Please remember that this is just my opinion.
The market has gotten rid of a lot of lenders and realtors that were … (0 comments)
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