2007: Suzy Orman Gives a REALTOR Advise - circa November 2007
- 11/09/09 01:41 AM
I always find it interesting to go back and see what people were saying about the future...especially when the future they are talking about is our present.Well below is a video I found on YouTube with Suzy Orman the personal wealth guru that has sold lots and lots of books and tapes. Here Suzy is talking with a Los Angeles real estate agent who goes by Staci. Apparently in 2006m Staci earned $136K and when this was filmed she was hoping to break the $40K point.Obviously, Staci had a bad year in 2007, like so many of us in the real … (8 comments)
2007: Hemet Market Snapshot: June 1st through September 21st - 2007 Compared to 2008
- 09/21/08 11:38 AM
I was very disturbed when I red an article earlier this month that my local market had dropped in value by a full 9% in just one month.Hello, I live here and work this market full time - every day and yes, I have seen a drop month after month - it has never been 9% in a single month, despite what the local newspaper, "The Press Enterprise" reporter Leslie Berkman reported on August 30th, 2008.Now, I agree with most of what the article reports - but come on, lets be responsible and not add fuel to the fire. I agree … (3 comments)
2007: 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 … (3 comments)
2007: Market Conditions: January 2008 – San Jacinto, CA
- 03/30/08 02:00 PM
January is traditionally one of the slower months of the year for selling real estate in San Jacinto CA. In an effort to document what is taking place in the Hemet San Jacinto Valley, I have started a series of monthly market reports, showing the overall condition of the current market and referencing to the year prior. It should be noted that the data I have chosen to analyze comes exclusively from the Tempo SoCalMLS system which is the MLS used exclusively by the Hemet San Jacinto Association of REALTORS® (HSJAOR). Most agents from outside our unique market area belong to … (0 comments)
2007: Market Conditions: February 2008 – Hemet, CA
- 03/30/08 01:01 PM
Hemet CA has continued to experience a dramatic downturn in the real estate market. This report is based on activity reported by the local MLS, Tempo – SoCalMLS, which is used by the Hemet San Jacinto Association of REALTORS® (HSJAOR). There is additional data that can be found in the MRMLS which is the MLS system that the boards in our surrounding markets use. The data analogized in the segment if for the period of February 2008 and how it compares to the activity of February, 2007. First, it should be reported a 59.38% decrease in the number of closed escrows … (0 comments)
2007: Market Conditions: January 2008 – Hemet, CA
- 03/29/08 09:29 AM
Market Conditions: January 2008 – Hemet, CA The downturn in the local real estate market has been dramatic in Hemet CA. The good numbers are down and the bad ones are up. In January, 2007 the SoCalMLS reports 57 closed residential sales with an average price of $307,936. January 2008 saw a report with a sharp decline in both the number of closed real estate transactions as well as the value of the sales. January 2008 only has 26 residential properties that closed escrow for an average value of $250,073. The Hemet, CA real estate market suffered a 52% drop in … (3 comments)
2007: What’s the Difference? Fist Time Home Buyer vs. Move-Up Home Buyer
- 01/20/08 05:29 AM
In today’s market we have very serious and very motivated buyers. Motivation is triggered by a number of different scenarios; either way though those who are ready to buy couldn’t find themselves in a better market than exists in Hemet CA today. The National Association of REALTORS® (NAR) recently published a study, 2007 Profile of Home Buyers and Sellers that did a very in depth analysis of who the buyers and sellers are in this current market. I recently reported on how many buyers use the Internet and how they use it. In this article I want to look at the … (1 comments)
2007: A New Year Snap Shot of the Hemet CA Real Estate Market - ACTIVE LISTINGS
- 01/01/08 12:02 PM
It seems as if I am keeping up with a newly established "New Year Tradition" or analyzing data from the MLS to get an understanding of where the market has been, where it is today so that I can do my best to stay ahead of the curve in order to best serve my real estate clients - whether they be first time home buyers, sellers, investors or someone who is in trouble with their mortgage.As I dig deeper into the data, I will be releasing information that I find interesting. As of this point, I have downloaded both the SoCalMLS … (5 comments)
2007: Hemet Short Sale Investing - A Wind of Change in 2008
- 12/31/07 03:00 AM
2008 will see a dramatic change in the way short sale investors approach the Hemet real estate market. The old model of beating up the lender to buy low and flipping with an end buyer in place is almost a dinosaur model and will near extinction by the time 2008 unfolds. Rather, I believe the ideal business model for investing in Hemet CA Real Estate is the Buy and Hold - the true path to real estate wealth.DOUBLE CLOSEThe ‘double close' has taken a beating with fewer and fewer title companies willing to participate. Yes, they are legal and they will … (4 comments)
2007: 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.
… (10 comments)
2007: What is Happening in the World Economic Arena?
- 08/22/07 04:55 AM
What is Happening in the World Economic Arena?by John Occhi, Hemet CA REALTOR®Hemet CA REAL ESTATERecently I had been involved in a debate here on ActiveRain about a REALTORS® role in the financing process when a buyer wants to buy a Hemet home for sale.Because I have taken the position that lending is not my job and because I do not get paid for it, that it is in my best interest and the best interest of my real estate clients that I do not try and be a jack-of-all-tradesand pretend to have expertise where I do not have any. (By … (6 comments)
2007: ActiveRain Your Counsel Was Taken: A Short Sale Case History
- 08/10/07 12:40 PM
ActiveRain Your Counsel Was Taken: A Short Sale Case History by John Occhi, Hemet REALTOR® Mission Grove Realty Last month I posted a blog article seeking the advise of ActiveRain members in a situation that is becoming much to common in today's real estate market.The call came from a Pastor who had read through my blog and felt confident that if anyone could offer good solid worldly advise on a very real problem in this world, from a Christian prospective.We talked on the phone for 45 minutes. I emailed him numerous documents to consider, including a best case scenario market analysis … (17 comments)
2007: Let it Rain, Let it Rain, Let it Rain
- 08/06/07 04:10 PM
Let it Rain, Let it Rain, Let it Rain by John Occhi, Hemet CA REALTOR® Hemet CA Real Estate I hear many in my market and across the Internet complain about the housing market and how horrible business is right now. I don't get it? I will do more business in 2007 than any other year in Real Estate. Now, I may not make as much money - but then again I might make more. In previous years I was working in the Temecula Murrieta market, where the average home sold for around $500,000. In April, I moved my business to Mission Grove … (86 comments)
2007: 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 … (0 comments)
2007: 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 … (0 comments)
2007: ActiveRain – I Need Your Help. Is This a Short Sale? How Would You Counsel this Seller?
- 07/28/07 08:48 AM
ActiveRain - I Need Your Help. Is This a Short Sale? How Would You Counsel this Seller? by John Occhi, Hemet REALTOR® Mission Grove Realty Last night I received an email (thank you ActiveRain) that I followed up with a 45 minute phone call this morning from a homeowner who knows he is on the steps of disaster as his 80/20 sub-prime adjustable loan (ARM)already reset once increasing the principal and interest from $2200 a month to over $2900 monthly payment...and is expected to reset once again in under two months. He has a homeowner's association payment of $300 due every … (34 comments)
2007: The Time's are a Changin' - Are You Ready?
- 03/06/07 06:20 AM
The Time's are a Changin' - Are You Ready? By John Occhi, Hemet CA REALTOR Contact John Occhi for all your Hemet Ca real estate needs.
2007 marks the first year of the changes imposed by the 2005 Energy Policy Act that will start "Daylight Savings Time" three weeks earlier! That's right the big event takes place Sunday March 11th, 2007 So, the big question really is, "Are You READY????" Now there are the obvious advantages that we will all be able to enjoy an extra hour of daylight every evening, and as a Hemet REALTOR this is huge. I believe that … (3 comments)
2007: 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 … (1 comments)
2007: 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 … (5 comments)
2007: 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 … (0 comments)
I always find it interesting to go back and see what people were saying about the future...especially when the future they are talking about is our present.Well below is a video I found on YouTube with Suzy Orman the personal wealth guru that has sold lots and lots of books and tapes. Here Suzy is talking with a Los Angeles real estate agent who goes by Staci. Apparently in 2006m Staci earned $136K and when this was filmed she was hoping to break the $40K point.Obviously, Staci had a bad year in 2007, like so many of us in the real … (8 comments)
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