Trump Tax-Real Estate
How would the recently proposed federal tax cuts affect real estate? ffirst of all, I should emphasize that these are only proposed tax revisions and cuts and anytime you’re dealing with legislation many times it looks far different when, and if, it’s passed, then when it was first proposed.
So, with that in mind here is what a major national real estate company thinks of president trumps just proposed tax revisions and cuts: Read more
San Diego Home Prices 2017
By Mark A. Melikian California Certified Residential Appraiser firstname.lastname@example.org P.O. Box 3051 Del Mar, California 92014 858-945-8996
The following is a market data summary of detached and attached properties as reported by the San Diego County MLS system. The data includes all zip codes in San Diego County. All projections discussed in this analysis will be updated throughout the year in subsequent quarterly reports. Read more
Real estate 360° video marketing
Real estate video marketing
The best way to view the video below is to go down to the lower part and change the settings to the highest quality that your TV or computer can handle all the way up to 4K. Besides the directional button that’s on the video in the upper left-hand corner, you just may be able to use your cursor to move around within the photos and video.
Real estate video marketing
Everybody knows that video marketing is super hot right now. Within the video marketing category 360° videos are really gaining in popularity. through a very simple and relatively inexpensive 360° camera you can capture 4K quality video that not only looks good, but in real estate can really save brokers and agents a lot of time in showing properties. Read more
University City La Jolla Colony Home Rental
Video tour of a three-bedroom three bath San Diego home rental.
*NOW RENTED* This upgraded remodeled home is currently available for a quick move-in. Located close to UCSD, in the University City La Jolla Colony area. This three-bedroom three bath home is located in the Barcelona neighborhood of La Jolla Colony. this is a very quiet parklike neighborhood centrally located near university town center. The neighborhood as a resort style pool and spa area and is just minutes to Highway 5. Read more
2Br.+Loft/3Ba La Jolla Colony University City Home Rental
4130 Caminito Davila, 92122 – $3,400 mo. on a one year lease.
*NOW RENTED* Beautiful, recently renovated home in a park like quiet location and very serene backyard. just steps away from the community pool and spa.
Close to UCSD, restaurants, parks, canyon, beaches, shopping, and freeway access. Minutes to anywhere in San Diego. Read more
Fed Raises Rate Again!
Today the Federal Reserve Board announced its first interest rate hike for 2017! today’s interest rate increase is the second one by the Fed in three months!
This interest rate increase was a quarter of 1% and comes after the Federal Reserve Board increased the interest rates in December by a half of 1%.
When the economy is doing good and expanding its typical that the federal reserve will try to check inflation by increasing interest rates. Read more
Most Expensive Home in New Jersey
Stone Mansion in Alpine, New Jersey is on the market for $50 million dollars, making it the most expensive home on the market in the state.
Maintenance would be ridiculous. I can be barely bothered cleaning my room. imagine cleaning this whole house every month.. and then the gardening. No thanks. you’d need another 50mil to keep this abomination going without it going to pot. Just changing all the light bulbs alone wouldn’t be cheap. Read more
Huge Home – Huge Asking Price Reduction
Well, back in 2015 this California estate was listed at $100 million! In case you didn’t guess it this is Michael Jackson’s Neverland Ranch in Santa Barbara. Now the property is called Sycamore Valley Ranch, and it contains 22 structures on approximately 2,700 acres!
The big news about this California ranch is the fact that it’s just received a $33 million price reduction! Yes, now they can get this great property for just $67 million! Michael Jackson purchased the property back in 1987 four $19.5 million! Read more
Another Real Estate Bubble?
Back in November 2016 I wrote an article about red flags that I saw pertaining to the United States commercial real estate market. If you missed that article here is the direct link: Real estate bubble 2017
Well, just this week I saw another red flag pertaining to the commercial real estate market. Yes, take a look at the photo to the left. I purchased an electronic device last Sunday from Amazon. I ordered it online about 8 o’clock in the morning on Sunday. As you can see from the bag, the online order form showed that it would be delivered between 12 and 2 PM (actually arrived at 12:30 PM) the same day. Now, as a prime member, there was no additional cost for this super quick delivery service.
I didn’t realize it at first, but the experience was so easy and so fast, I now believe that this is a definite danger for the large shopping malls. My article about the real estate bubble that I posted in November 2016 was about real estate limited partnerships (REITS) many of which invest in all types of commercial shopping centers and strip malls. So, for me personally, and I would venture to say probably quite a few other people, when ordering online, not only do you have the convenience and a very competitive price, but think of the time saved from having to go to the mall, find a parking space, fight the crowds and finally waiting at the checkout line before heading back home. Therefore, I really believe that this fast shipping service that Amazon has incorporated and I understand some other big online merchants are looking into, is going to spell big trouble for many shopping malls and thereby the REITS that invest in them.
San Diego Existing Home Sales
San Diego County detached home sales for January 2017 where the highest since 2013! When compared to January 2016, the San Diego County detached home sales were up just slightly by 49 homes.
The real big news for existing home sales in January was that on a nationwide basis, they hit a 10 year high!
The National Association of Realtors (N.A.R.) reported this week that existing home sales jumped 3.3 percent to a seasonally adjusted annual rate of 5.69 million units last month. That was the highest level since February 2007!
Not only in San Diego, but for most of the major regional metropolitan areas, there’s been a persistent shortage of available homes for sale. It is this lack of housing inventory that many in the real estate industry believe is the major cause of the escalating home prices even in the face of increasing mortgage rates. Read more