Check out the new MCC Real Estate program brochure at:
Check out the new MCC Real Estate program brochure at:
Good stuff from MCC Community Services. Browse the catalog. Pass it on.
New this semester: Five DRE-mandated courses for Real Estate license renewal; page 13 of bulletin
If you feel you property value has dropped below the tax assesors taxable value. You may apply to get you assesed value reduced by following the instructions here. http://www.sdcounty.ca.gov/cob/aab/index.html
Average U.S. home prices — down by a third since 2006 and still falling — will rise almost 4% a year for the next five years, according to a new forecast.
Market watcher Fiserv sees prices stabilizing by summer’s end and then climbing, quickly in some places until gains taper off. The forecast is based on an analysis of leading home price indexes.
Investors will drive much of the momentum, as they are now in cities such as Las Vegas and Phoenix.First-time and trade-up buyers will eventually follow.
By the time home prices stop falling, they’ll be almost 35% below their 2006 peak, Fiserv says. MORE AT… http://www.usatoday.com/money/economy/housing/story/2012-05-08/home-prices-predictions/54844880/1?csp=Dailybriefing
The best real estate investment in the past decade was found at the opposite end from trophy resorts and office towers, in 5-foot-by-5-foot lockers.
Self-storage companies, which rent units to small businesses and consumers under names such as “Uncle Bob’s Self Storage (SSS),” produced the best risk-adjusted return among 10 U.S. real estate investment trust indexes in the past decade, according to the BLOOMBERG RISKLESS RETURN RANKING. They had the highest total return and the third-lowest volatility, for a risk-adjusted gain of 10.6 percent. Owners of offices, hotels and warehouses fared among the worst, hurt by price swings.
Here are two recent videos I have done that you might want to view, both linked at: www.miracosta.edu/home/ssherry
Real Estate Time Share presentation at Wyndham in Oceanside
California Real Estate Residential Purchase Agreement by Kevin Burke
The Internet has made it possible for just about anyone with a spare room to post a listing. And travelers can spend hours searching online. Currently, there is no one-stop shopping site, but each option has nuances, and some are better than others, depending on where you are going and what you’re looking for. Most offer a broad range of prices. Here’s an overview of several online vacation rental sites to help simplify your search.
Airbnb.com: A pioneer in the couch-surfing tradition, Airbnb.com is the go-to site for the budget traveler set. It allows users to post a free listing — whether it’s a pullout sofa in the living room or a private apartment. So far, there are 100,000 listings in 192 countries, with a good chunk in cities like New York, San Francisco, London and Paris. You can narrow your search to spare rooms or entire homes, among other filters.
One more little gift under the tree for you! Just in time for the holidays, we released Redfin for iPad!
Like a magnificent medieval triptych, the app has a three-in-one interface — a map, a kaleidoscope of listing photos, a single house in all its glory — all in one screen. The app shot to the front page of Apple’s App Store from the day of its debut.
One other sugar-plum feature for Redfin fans: we now offer a monthly home report that shows you pictures and prices for all the homes that sold in the four or five blocks around your place. To sign up, just search Redfin for your home address, view the property’s details, then click the big sign-up link.
The outlook also projects fewer single-family home-loan originations but more multifamily lending in 2012. The rental market is likely to lead growth in the lending industry, though parts of the country will also benefit from increased activity in the single-family home market.
High unemployment and a glut of foreclosed properties have depressed the housing market in recent years, despite extremely low interest rates that have made borrowing more attractive.
“While the headwinds remain strong going into 2012, there are indications the economy and the housing market are gaining ground, albeit slowly,” said Frank Nothaft, Freddie Mac’s chief economist. “All told, next year will be another bumpy ride.”
Job growth must accelerate beyond the average monthly payroll gains of 130,000 seen this year through November for the unemployment to decrease significantly. Even then, the mortgage company predicted the unemployment rate will remain above 8% in 2012.
Freddie Mac predicts the U.S. economy will grow by about 2.5% next year.
By California Association of Realtors
California home sales and median price are predicted to improve only slightly in 2012, as the continuation of the tepid economic recovery, uncertainty about the future, and funding challenges for residential mortgages are expected to keep the market moving sideways, with little foreseeable momentum in either direction, according to C.A.R.’s “2012 California Housing Market Forecast” released Tuesday.
The forecast, which was presented today by C.A.R. Chief Economist Leslie Appleton-Young during her luncheon at CALIFORNIA REALTOR® EXPO 2011, says that California home sales next year is for a slight 1 percent increase to 496,200 units, following essentially flat sales of 491,100 homes this year compared to the 491,500 homes sold in 2010.
The California median home price will increase 1.7 percent in 2012 to $296,000 in 2012, according to the forecast. Following a double-digit increase in the median price in 2010, the median home price will decrease a projected 4 percent in 2011 to $291,000.
“2012 will be another transition year for the California housing market, as the continued uncertainty about the U.S. financial system, job growth, and the stability of the overall economy remain in the forefront for all market participants,” said Appleton-Young. “An improvement in job growth, consumer spending, and corresponding gains in housing are essential to a broader recovery in the economy, but would-be buyers will remain cautious as they weigh these myriad uncertainties against the clear opportunities presented by today’s very affordable housing market.”
For the full story, log onto: http://www.car.org/newsstand/newsreleases/2011newsreleases/2012forecast/