2006: My 3 Year Anniversary on ActiveRain
- 12/26/09 06:23 AM
I almost let this day slip away from me...but one more milestone has been achieved.Three years ago today - the day after Christmas, 2006 I dusted off the blog I created 6 months earlier and finally published my first blog article, ..."Is this a Good Time to BUY?"Interesting glimpse into the future. In many ways I saw what was coming - a very unpopular position at the time. I did open the door for the popping of a bubble - I just didn't expect it to get as bad as it did.Interestingly enough, this was the month that I really did a
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2006: A History Lesson | Hemet CA Real Estate: February 2005, February 2006, February 2007 and February 2008
- 04/01/08 06:58 AM
No doubt the current market conditions have changed in nearly every real estate market across the country. In Hemet, CA, we have seen dramatic transformations over a year earlier, which is why it is so important to properly understand the value of a home in today’s market – whether you are trying to buy or sell an REO (Real Estate Owned – bank owned homes) or other property. (The figures reported here only represent the data supplied by the local Hemet San Jacinto Association of REALTORS® - HSJAOR - on the local SoCalMLS and do not reflect the properties that were
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2006: 2005 - 2007 Market Snapshot: Hemet-San Jacinto Valley
- 08/26/07 07:19 PM
Here is a look back at the real estate activity in the Hemet San Jacinto Valley market, starting in January 2005 through 2006 an up to the current date, August 26, 2007. This data reflectes single family homes only. Not included are mobile homes and land purchases.
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2006: SAN JACINTO, CA MARKET SNAPSHOT - July 2007
- 08/05/07 10:25 AM
SAN JACINTO, CA MARKET SNAPSHOT - July 2007 SAN JACINTO, CA MARKET SNAPSHOT by John Occhi, San Jacinto CA REALTOR® San Jacinto CA Real Estate Well, it's time to take another look at the real estate market in San Jacinto CA. I wish I could report better news, but hey, I am just the messenger. During the month of July, 2007 76 single family residences were added to the rolls of the San Jacinto San Jacinto Association of Realtors (HSJAOR) MLS and yet only 30 homes in total came off of the San Jacinto MLS. The sharp contrast is further magnified with the
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2006: HEMET MARKET SNAPSHOT - July 2007
- 08/05/07 10:08 AM
HEMET MARKET SNAPSHOT by John Occhi, Hemet CA REALTOR® Hemet CA Real Estate Well, it's time to take another look at the real estate market in Hemet CA. I wish I could report better news, but hey, I am just the messenger. During the month of July, 2007 166 single family residences were added to the rolls of the Hemet San Jacinto Association of Realtors (HSJAOR) MLS and yet only 44 homes in total came off of the Hemet MLS. The sharp contrast is further magnified with the pricing. The new listings have an average List Price (LP) of $329,688. Another 44 homes
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2006: Hemet two of 138 California Zip Codes Ranked in Top 500 for Foreclosures
- 06/26/07 05:19 AM
Top 500 Zip Codes for Foreclosuresby John Occhi, Hemet CA REALTOR Hemet CA Real Estate I recently wrote a blog post where I provided a Foreclosure Heat Map that was provided by RealtyTrac. RealtyTrac does pretty much what its name implies - they track real estate data - focusing on the foreclosure market. They recently released a study of the top 500 zip codes in the United State that are affected by the foreclosure market. Of the 500 zip codes pointed out by RealtyTrac, I am sad to say that California leads the country with 138 - including two of thew 3
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2006: Foreclosure Heat Map
- 06/26/07 04:30 AM
Foreclosure Heat Map by John Occhi, Hemet CA REALTOR Hemet CA Real Estate RealtyTrac is a company that tracks data in the foreclosure world. They recently released a "Heat Map" that shows real estqate foreclosures across the country - for the year 2006. When you check out the map, it appears as if most of the foreclosures are taking place in one of two regions. There is the "Sunbelt" and the "Rust Belt" I thought others would find this map interesting and perhaps even fine a use for it. If you do, please let me know, because I am trying
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2006: Real Estate Outlook for 2007 - Part 2: A Review of 2006
- 03/04/07 04:22 AM
Real Estate Outlook for 2007 - Part 2: A Review of 2006by John Occhi, Hemet CA REALTOR®Hemet CA Real EstateIn my previous article we examined why the media is always looking for negative news and why the real estate slowdown is as newsworthy as Y2K and the Bird Flu. In this part, I want to look back at 2006 and discuss the events that defined the year as it reflects to Real Estate. In my discussion, I'll discuss both National averages and trends with an emphasis broken down to the local Riverside County level. In a future article, I will look at
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2006: Real Estate Outlook for 2007 - Part 1: A Look at the Media
- 03/04/07 03:30 AM
Real Estate Outlook for 2007 - Part 1: A Look at the Media by John Occhi, Hemet CA REALTOR® Hemet CA Real EstateI wrote an article recently about how numbers can be manipulated to serve a point or particular agenda. It was appropriately titled, "Figures Don't Lie...Liars Figure". The truth is anyone can spin anything anyway they like and sooner or later enough people will start to believe it and when enough people believe it, it must be true. Sounds like politics to me.Forget about what you heard in the ‘doom & gloom' media, 2006 was a very good year for the
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2006: HEMET MARKET ANALYSIS - JANUARY 2007
- 02/09/07 04:40 AM
HEMET MARKET ANALYSIS - JANUARY 2007by John Occhi, Hemet CA REALTORReal Estate - Hemet, CA With all of the talk of doom and gloom I suppose the one good thing is that we can't get upset when the news is less then stellar. And that's what I have to report about the Hemet Housing market, looking back at January 2007. None of the numbers that I will be reporting on will include homes that were sold without a REALTOR and the MLS - either through private parties or directly from the builders. These numbers are strictly re-sale transactions that have been accomplished
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2006: Analysis of the Hemet REAL ESTATE MARKET Part 2 - SOLDS
- 01/26/07 03:52 AM
Analysis of the Hemet REAL ESTATE MARKET Part 2 - SOLDSBy John Occhi, Hemet REALTOR®Hemet CA REAL ESTATE An in-depth look at the analysis of SOLD properties covering a 2 year period, broken down by month, comparing the numbers to the previous month as well as the same period a year earlier. This is a close up accurate snapshot of what has really happened in the Hemet Real Estate market - it is not about feel good opinions - it is fact, followed by my personal analysis on a month to month report. Earlier this week I posted an article where I analyzed
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2006: Analysis of the Hemet REAL ESTATE MARKET Part 1 - New Listings
- 01/24/07 09:17 AM
Analysis of the Hemet REAL ESTATE MARKET Part 1 - New ListingsBy John Occhi, Hemet REALTOR®Hemet CA REAL ESTATE I just wrote an article on the importance of studying the local real estate market and becoming familiar with the numbers that move the market. This article is my analysis of the local Hemet California Real Estate market based on the information found in the Tempo MLS, used by the Hemet-San Jacinto Association of REALTORS (HSJAOR). My data is all residential property reported to the TEMPO MLS. I will analysis the data over the past two years. and I will be looking specifically at
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2006: Whooo Hooo - Page 1 GOOGLE RESULTS - You Can Too!
- 01/10/07 06:15 PM
Whooo Hooo - Page 1 GOOGLE RESULTS - You Can Too!by John Occhi, Hemet REALTOR®Hemet CA Real Estate Well, I was ready to call it a night and I thought I would do a quick check on Google to see where I am ranking on a couple of my favorite key phrases, such as ‘Hemet Real Estate', ‘Hemet Realtor' and the coveted Hemet CA Real Estate. Now please realize, I just started my website in June of 2006 - a template site from Point 2 Agent. I did some tweaking and some link exchanges. I followed advise that sounded good -
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2006: NAR Marketing Survey
- 01/10/07 03:16 AM
NAR Marketing Surveyby John Occhi, Hemet REALTOR®Hemet CA Real Estate I just received an eMail from the National Association of REALTORS ® (NAR). I'll bet you got the same one. They wanted to let me know about the 2007 marketing campaign and the results of the 2006 message. They are also following through with the campaign that they started in 2005, targeting the Hispanic market. What I found disturbing is that 2/3's of the consumer really get what value we, as professional REALTORS®, bring to the table. I got the feeling that NAR is proud of these results - personally, I'm embarrassed Take a
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2006: FHA Releases New Loan Limits for 2007
- 01/08/07 01:59 AM
FHA Releases New Loan Limits for 2007By John Occhi, Hemet REALTOR®Hemet CA, Real Estate I saw a great article this morning that was published by Inman News about the FHA loan market. Jack Guttentag, the author explained why the program is so valuable in today's real estate market. Jack compares the program and how it works today and compares it to 2000, when it dominated 15% of the real estate mortgage loans that consumers borrowed and how it fell to only about 5% of all real estate related homes in the year 2006. An FHA Home Loan, which is administered by the US Department
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2006: The Year was 1906
- 01/02/07 03:47 PM
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2006: Figures Don't Lie...Liars Figure
- 01/01/07 01:07 PM
Figures Don't Lie...Liars Figureby John Occhi, Hemet REALTOR I have been working with the information that I have downloaded from the Hemet MLS, sponsored by the Hemet-San Jacinto Board of Realtors. The data has represented all of the residential properties listed and sold in each of the 3 Hemet zip codes - 92453, 92544 & 92545. The first few articles I wrote seemed to be a little off to me, so I have tweaked the data so that the numbers were more realistic to my thinking. Some of what I was looking at just was not making sense to me. So, I spent some
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2006: HEMET MARKET REPORT: Expireds, Solds and the Asking Price
- 12/31/06 07:59 PM
HEMET MARKET REPORT: Expireds, Solds and the Asking Priceby John Occhi, Hemet REALTOR Well, I have been looking at the numbers for the past couple of years, trying to make heads and tails out of them. Now please don't get me wrong, I am NOT a statistician any where close. I am just a Realtor who is trying real hard to get control of my market and understand all of the nuances. As I learn, I write and share. Hopefully, I am sharing with my clients and future clients and not educating my competition. This is hours and hours of work that can
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2006: Wonder What they Said Would Happen in 2006?
- 12/29/06 04:59 AM
What will happen in 2006Perspective: Inman News real estate predictions Perspective by John Occhi, Hemet REALTOR Many times at this time of year we see article that review the past and make predictions into the future. What we don't see very often are articles that look back at the predictions to see just how accurate a resource we may be spending our time with. Like many of you, I subscribe to the Inman newsletter to keep up with the highlights of our very diverse industry. Some of the articles stick a chord with me and I end up saving them for future reference points.
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2006: The Latest Cost vs. Value Revue
- 12/26/06 06:03 AM
Cost vs. Value Revue: Every year the National Home Remodeling Association publishes it's annual Cost vs. Value Report, which is then republished by the National Association of REALTORS in their monthly REALTOR Magazine. I wish I could say how long this report has been published. All I know is that I was using it 10 to 15 years ago when I was selling replacement windows and other remodeling jobs for contractors. It is a tool with a great amount of credibility that is hard to dispute. This version is based on data from 2006. The report looks at the 25 most common renovations.
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