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26
Jun

Curb Appeal – Home Sales

Curb Appeal – Home Sales

Curb appeal is attractiveness of the exterior of a residential or commercial property, as viewed from the street.

Curb Appeal - Home SalesFrom Wikipedia, the free encyclopedia:

Curb appeal can be accomplished by any number of methods including the installation of exterior decorations, re-painting, extensive attention to the landscaping. Several television programs have been created to explore ways for homeowners and building contractors to increase the curb appeal of their properties for a more profitable sale.

Curb Appeal – Home Sales

 

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17
Jun

Interest Rates Increase

Interest Rates Increase

3Br La Jolla Colony home rental Interest Rates Increase

For the second time this year the Federal Reserve Board has raised interest rates! it was March 15, 2017 that the Federal Reserve first raised interest rates this year. If you’d like to see that story on the first Federal Reserve rate increase, click this link: Fed raises interest rates

Although this was the second interest rate increase this year, it was also the third interest rate increase in the last six months! Read more »

12
Jun

Brokerforyou May Traffic

Brokerforyou May Traffic

Yes, last month www.brokerforyou.com had over 32,400 unique visitors! This unique traffic was a new record high for the past 12 months.

Brokerforyou May Traffic

Once again, I like to say thanks to all my readers and subscribers for making this site as popular as it is. Read more »

9
Jun

California Affordable Housing

California Affordable Housing Problem

The California legislature in Sacramento is considering two new bills to help California’s housing problem. With the healthy recovery of California home prices, combined with the lack of normal resale inventory of homes, the California affordable housing problem has been exasperated.

Housing Affordability - California Affordable Housing

The Sacramento California lawmakers say they need to pass a combination of measures to address the state’s housing crisis. It has been estimated 1.5 million California families lack access to affordable housing. California also has disproportionately high rates of homelessness.

The first bill moving through the legislature is SB35. This bill removes some development restrictions in cities that fall behind on housing production goals. It passed 23-12 in the Senate.

The second bill is AB73, which rewards cities for streamlining the approval of housing, particularly for developments near public transportation. It passed the Assembly 46-19. Read more »

27
May

Memorial Day 2017

Memorial Day 2017

Remembering all those who gave it all so that we can live in freedom.
Speech from Ronald Reagan, 1985 at the Vietnam Veterans Memorial. Beautiful video. God Bless America this Memorial Day and every day.Thank you to all who have fought and lived/died for this country.

God bless to the soldiers who are not here with us will always be remembered in our hearts and these soldiers have been in our country for a very long time and they worked so hard for our country and these soldiers were so brave and so strong to fight and conquer our country and for the people and wanted to say thank you soldiers for fighting for our country and giving us the courage to say to these soldiers thank you and God Bless to these soldiers and we love you all and again Gold Bless you!

Memorial Day 2017

Memorial Day 2017
25
May

Record-low Housing Inventory

Bob Schwartz, brokerforyou.com, Record-low Housing Inventory

Bob Schwartz, California real estate broker

Redfin: record-low housing inventory is ‘freaking us out’
Source: CNBC

The number of homes for sale in America has been falling steadily for the past year, but the situation is apparently getting much worse as spring demand heats up.

“The inventory is reaching historic lows. It’s never declined faster than it did last month. It’s freaking us out — it’s affecting our business; it’s limiting our sales,” said Glenn Kelman, CEO of Seattle-based Redfin, a real estate firm. “We’re going to be fine in terms of market share, but I think the overall industry for the first time is seeing sales volume really limited by the inventory crunch.” Read more »

17
May

2017 Housing Market Red Flags

2017 Housing Market

The rise of HELOCs and shrinking down payments …

From housing prices to outrageous government pensions and an unbelievable underfunded state pension program  that is never talked about . . . Nothing in California  is rooted in good economics. Read more »

13
May

Real Estate Termite Inspections

Real Estate Termite Inspections

Here in San Diego California where the average  residential resale prices now over $500,000, most homeowners realize the value of maintaining their property and so any landscaping maintenance or peeling paint is usually addressed quite quickly. But when it comes to one of the most destructive conditions  that face homeowners, the vast majority elect to go with the out of sight out of mind philosophy.

Sure, but I’m talking about here is termites and dry rot. These are two main things that San Diego pest control companies look for when doing a home inspection. I don’t think that there’s many homeowners who haven’t seen houses that are tented to eradicate termites. It’s unfortunate but this usually occurs because the home entered escrow and the purchaser requested a termite/pest control clearance. Read more »

8
May

California Home Hunting

California Home Hunting – The Millennial Home Buyer

This is a very humorous, and unfortunately very true ( especially here in California)   depiction of a young millennial trying to buy his first home.

I’m sure some might think this is true of our current housing market situation in California . . .  and it is!  but, the overpriced housing market in California has been around for decades!  what’s different now, is the fact that due to a shortage of available, and affordable homes in California the situation has been compounded in the last 2 to 3 years.

The last time I was working with a millennial couple looking for a two-bedroom condominium here in San Diego, it took over a year, and three different offers on properties, before we were able to close escrow on their first home.

Now, keep in mind that my first-time home buyer clients were well qualified for their price range, and with help from their folks were putting 20% down.  Yet it was very frustrating to find a decent property that did not have multiple offers on it within days of its original listing.

Read more »

6
May

Shopping malls closing

The reasons why malls across the US are closing down more than ever

The American shopping mall is in crisis. We explore the variety of reasons why malls cannot keep their stories afloat and are becoming vacant wastelands. Some insiders are saying that a third of all U.S. shopping malls are projected to close as ‘Space Available’ signs go up all over the U.S.

It’s not about laziness. Going to the mall eats up half your day. Going online and buying what you need can be done before breakfast. And you don’t have to fight for a parking spot. People have busy lives. They don’t have time to mess around at an overpriced mall and fight the crowds.

Two important points I think were missed in the video: Class B and C malls account for most of the closings – elite class A malls are doing just fine, and are expected to out live the others through the next 10 years. Also, outdoor malls are faring better than indoor malls. I’m guessing it is the more prestigious shops that wish to more fully control the customer experience. Read more »