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market value: Rancho Bernardo Real Estate Market Update October 2008 - 10/08/08 09:40 AM
John Trucillo, former Chief Economist for the National Association of Realtors, is the smartest person I've ever met on the subject of the real estate market.
In the September-October edition of "The Real Estate Professional" magazine, John stated that "Most of the metropolitan areas in the United States have housing markets that have stopped declining and are stabilized, poised for the upside of the cycle."
I believe he is correct, at least as far as San Diego and Rancho Bernardo are concerned. We are at or near the bottom of the market now.
So, how bad has this down cycle been? … (0 comments)
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market value: Homeowner Tip - The Value Of Remodeling - 12/12/07 06:09 PM
Each year, Realtor Magazine conducts a survey on the cost of various remodeling projects around the country and how much they add to the value of the house.
In 2007, the value of remodeling nationwide trended down compared to 2006. The reasons are the rising cost of remodeling and a slight depreciation in home values.
However, in California, remodeling still results in a healthy increase in the value of a home. But some remodeling projects give better value than others.
For example, replacing old windows with new dual-pane vinyl windows costs an average of $15,743. However, this increases the value of the house … (1 comments)
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This blog is about the wonderful community of Rancho Bernardo, California and will provide tips for home buyers and sellers.
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