Friday, May 30, 2008
Believe it or not -- HOME SALES INCREASED IN APRIL !!!!!!
Wednesday, May 28, 2008
Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®
C.A.R. REPORTS SALES INCREASED 2.5 PERCENT, MEDIAN HOME PRICE FELL 32 PERCENT IN APRIL Home sales increased 2.5 percent in April in California compared with the same period a year ago, while the median price of an existing home fell 32 percent, C.A.R. reported Friday."Home sales registered a 2.5 percent year-to-year gain compared with April 2007, ending a 30-month string of year-to-year percentage decreases that began in October 2005," said C.A.R. President William E. Brown. "This is not to say that the credit crunch that has contributed to the sales decline has disappeared. Both tighter underwriting standards and the ongoing effects of the credit/liquidity crunch continue to constrain sales."Closed escrow sales of existing, single-family detached homes in California totaled 366,720 in April at a seasonally adjusted annualized rate, according to information collected by C.A.R. from more than 90 local REALTOR® associations statewide. Statewide home resale activity increased 2.5 percent from the revised 357,640 sales pace recorded in April 2007.
Now, if anyone has any questions about this information, I am compiling sales figures for the last 2 months in Glendora and I will have the info posted this weekend. The sales we have seen are increasing, with good deals receiving multiple offers - some over 10 , 12, 14 etc. There are some VERY GOOD DEALS right now -- here in Glendora!
IF INTERESTED -- ASK ME ABOUT THE PROBATE ON MYRTLE IN GLENDORA UNDER $390,000!!!!!!!!! THIS IS REALLY NOT GOING TO LAST!
The market is changing, but investors are buying -- don't let them bid up the market and reduce the affordability rates again! Now is the time to get in the market!
Email me with questions!
Stacy
Thursday, May 15, 2008
Your Relational Realtor ®
I am coining a term: Relational Realtor. How would I define this? I am a REALTOR® who works on my relationships within my community and circle of friends, family and acquaintances in order to know the needs and circumstances of my clients. In using the term relational I am implying there is a relationship – a connection – be it a friendship, or a common interest which brings us closer. I am also a licensed
REALTOR® by profession and use my professional skills and training to assist those I know with the need for a professional advisor in the area of real estate.
Why is this significant to me? Well, it is significant to me – and I hope to others – because I have seen many people without a real relationship trying to assist others in huge life-changing decisions. A lack of relationship can lead to a lack of understanding – or caring about what the decision to buy or sell means to them as a person or their family. Perhaps I care too much at times. I tend to side with the belief that business is always personal. Although I like to think of business as business, I know there is always someone who is taking it personally!
So, in the world of internet searches, real estate confusion and mass-media financial battle-cries, I hope you remember to ask me about your thoughts and your needs regarding real estate. Do not be afraid by what you hear – and if you are afraid, I will let you know if you have a real reason to be concerned! I promise to give you straight answers and I promise to value the relationship we forge together in support of your real estate needs!
Honesty, Integrity….Service you can trust!
Stacy
REALTOR® by profession and use my professional skills and training to assist those I know with the need for a professional advisor in the area of real estate.
Why is this significant to me? Well, it is significant to me – and I hope to others – because I have seen many people without a real relationship trying to assist others in huge life-changing decisions. A lack of relationship can lead to a lack of understanding – or caring about what the decision to buy or sell means to them as a person or their family. Perhaps I care too much at times. I tend to side with the belief that business is always personal. Although I like to think of business as business, I know there is always someone who is taking it personally!
So, in the world of internet searches, real estate confusion and mass-media financial battle-cries, I hope you remember to ask me about your thoughts and your needs regarding real estate. Do not be afraid by what you hear – and if you are afraid, I will let you know if you have a real reason to be concerned! I promise to give you straight answers and I promise to value the relationship we forge together in support of your real estate needs!
Honesty, Integrity….Service you can trust!
Stacy
Sunday, May 11, 2008
Wall Street Journal Article - The Housing Crisis is Over!
This is from this a mortgage broker I work with and trust. Please check out the article from the Wall Street Journal!
I’ve got fabulous news!! Actually, the news is from the Wall Street Journal. Attached is a very interesting research based article opining that the housing crisis is over. It is based on national statistics, but there are points in this article that pertain to our market here in Southern California. It points to affordability, rather than actual prices. Indeed, homes have become affordable again such that when someone wants a $2200 payment, they can indeed buy a house—not true two years ago! I’m sure you’ve all seen multiple offer situations in the past four months, and this is a healthy sign as well that NOW is the time.
The article also compares the current down market with other historical down markets, and the dynamics that are present that cause the market to recover. Most of the general public think they know where the market is headed (downward) which is largely media driven. But I also think most folks don’t realize when the bottom has hit until it is past.
Please refer to WSJ.com and look for "The Housing Crisis is Over"
I’ve got fabulous news!! Actually, the news is from the Wall Street Journal. Attached is a very interesting research based article opining that the housing crisis is over. It is based on national statistics, but there are points in this article that pertain to our market here in Southern California. It points to affordability, rather than actual prices. Indeed, homes have become affordable again such that when someone wants a $2200 payment, they can indeed buy a house—not true two years ago! I’m sure you’ve all seen multiple offer situations in the past four months, and this is a healthy sign as well that NOW is the time.
The article also compares the current down market with other historical down markets, and the dynamics that are present that cause the market to recover. Most of the general public think they know where the market is headed (downward) which is largely media driven. But I also think most folks don’t realize when the bottom has hit until it is past.
Please refer to WSJ.com and look for "The Housing Crisis is Over"
Friday, May 9, 2008
The Too-much Information Age has Arrived!
Welcome to the age of too-much information!
I am told there was a time in real estate - pre-internet, pre-multiple listing service, that when a listing came up the only people with access to a listing was a REALTOR (R) with a broker affiliation.
All listings were published in a book - imagine that, real pages! - and a client had to meet with a REALTOR (R) face to face to get the information. This face to face meeting was wonderful for an agent and for a client, for various reasons. The most important reason for a face to face meeting is simply because of communication - it is very difficult to convey over email a good sense of what someone is looking for in a home or investment. Although we can pull up listings based on a large number of search fields, a face to face meeting actually helps a REALTOR (R) know who they are working with beyond a screen of words. This is very valuable. Now, that being said, I do realize we are in the age of instant information. I welcome this as a wonderful form of research gathering, fact-finding and communication across the world which is exactly why I have decided it is time for me to start a blog. My goal for this is to be a forum of information gathered by me, a REALTOR (R) in southern California, wife and mom of 3 young kids. I also want to answer real questions posted by real people wondering about the state of the market. The times are confusing, but those of us working in the industry everyday have a good grasp of what is happening - beyond what the media is reporting.
Look to this blog if you want to know more about the real estate market - especially the local market. I promise to give you honest answers and I also promise to not just post articles of information, but to deconstruct what is being reported so that it reflects reality for us in southern California.
- Stacy
I am told there was a time in real estate - pre-internet, pre-multiple listing service, that when a listing came up the only people with access to a listing was a REALTOR (R) with a broker affiliation.
All listings were published in a book - imagine that, real pages! - and a client had to meet with a REALTOR (R) face to face to get the information. This face to face meeting was wonderful for an agent and for a client, for various reasons. The most important reason for a face to face meeting is simply because of communication - it is very difficult to convey over email a good sense of what someone is looking for in a home or investment. Although we can pull up listings based on a large number of search fields, a face to face meeting actually helps a REALTOR (R) know who they are working with beyond a screen of words. This is very valuable. Now, that being said, I do realize we are in the age of instant information. I welcome this as a wonderful form of research gathering, fact-finding and communication across the world which is exactly why I have decided it is time for me to start a blog. My goal for this is to be a forum of information gathered by me, a REALTOR (R) in southern California, wife and mom of 3 young kids. I also want to answer real questions posted by real people wondering about the state of the market. The times are confusing, but those of us working in the industry everyday have a good grasp of what is happening - beyond what the media is reporting.
Look to this blog if you want to know more about the real estate market - especially the local market. I promise to give you honest answers and I also promise to not just post articles of information, but to deconstruct what is being reported so that it reflects reality for us in southern California.
- Stacy
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