brokerforyou.com Visitor Traffic
brokerforyou.com Visitor Traffic April 2014
This unique monthly visitor traffic as perhaps the top San Diego real estate website.
Your property for sale or rent will really get top Internet exposure with a post on www.brokerforyou.com
Deerhorn Valley California home for sale
Deerhorn Valley California home for sale
Jamul California. 4Br+Fam Rm/2.5Ba on almost a 10Ac park-like lot!
18435 Deerhorn Valley Road – Shown by appointment only!
Looking for a beautiful, extensively remodeled split-level ranch home in a spectacular country setting with huge century-old oak trees, peaceful meadows and seasonal creeks enhance the park-like environment? — You JUST FOUND YOUR DREAM HOME!
Actually there are so many outstanding features you really have to tour this fine property to really appreciate the extensive amenities.
For the location, home size, lot size and condition you would really expect this home to be priced much higher than the current value-range of $639,000 to $678,000! This is the BEST value in the Jamul area! This is country living at it’s finest!
This property is shown by appointment only, please call the area specialist, Bob Schwartz, for your personal tour of this exceptional value. Also, if this home is not quite right for your particular needs, Bob has other fine homes in the area available for showing.
Thinking of selling your San Diego home? Get high-Tech marketing like this – Youtube video, with aerial video photography & 24/7 radio broadcast of your homes features! Contact Bob Schwartz at bob@brokerforyou.com
https://www.sandiego.gov/
Deerhorn Valley California home for sale
brokerforyou.com Top San Diego Real Estate Site
brokerforyou.com Top San Diego Real Estate Site
Although actual real estate website traffic is rarely if ever disclosed, I would have to say that averaging over 43,900 unique visitors per month for the last three months, definitely puts brokerforyou.com if not at the top visited sites for San Diego real estate, definitely within the top five San Diego real estate websites!
Once again, I’d like to thank all my loyal readers and subscribers for making this San Diego real estate site as popular as it is. Read more
Linkedin Profile Makes Top 5% Most Viewed
Hurray! I have one of the top 5% most viewed @LinkedIn profiles for 2012.
Real Estate Market and The Kitchen Sink
The entire real estate sector continues to be supported by:
1) Government stimulus (tax credits),
2) Government guarantees of Fannie and Freddie,
3) Federal support of both the long end of the curve (MBS purchases) and short end (easy monetary policy),
4) Relaxation of mark-to-market accounting rules (banks continue to hold loans at book value, despite being backed by underwater properties), and
5) Government mortgage modification programs.
Seriously….everything has been thrown into this sector, including the kitchen sink…yet it continues its slow death. The only solution to all this is jobs. Without job growth of more than 200K+ per month at minimum, there can be no recovery in the housing sector…..and no recovery in the broader economy, period.
San Diego California real estate
Housing Bust – Who Really Lit The Fuse & How To Cure It!
There has been lots of finger pointing and conjecture over whom or what started our housing melt-down. Was it social engering, Democrat favoritism, Republican lack of regulation, or something else?
I believe the question can be put to rest by facts from one of the most liberal newspapers, the venerable New York Times. On September 30, 1999, the New York Times ran a story by STEVEN A. HOLMES, titled: Fannie Mae Eases Credit to Aid Mortgage Lending. I’ll quote a few key parts of this story that will illuminate the true cause of our current housing/economic bust:
“In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.”
“Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its’ phenomenal growth in profits.”
''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''
“In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.”
As we all now know, the prior quote from Mr. Holmes’s article proved to be quite prophetic. Quite prophetic.
It seems ironic that a Democratic administration put us on the melt-down path, and now another Demetronic administration with a number of the same lawmakers still in place, is devising a plan to pull the economy out of the second worst economic decline in history.
The housing market is now at the center of our economic woes. However, housing does not need a knee-jerk government response of throwing billions at it with hope of turning it around, or at least finding a bottom. In San Diego, CA and other ‘bubble’ cities, we have seen a marked pick up in home sales over the past few months. I attribute this to two main factors: exceptionally low mortgage rates combined with many bank owned/foreclosed homes priced to move.
On October 1, 2008, I published a blog post entitled #1 EZ Fix to The U.S. Housing Market. This was my simplistic, but in my opinion, a totally effective way to stop the declining home values and build a base for future housing appreciation. Further. we can do it without direct government expenditures. Below is what I said in that post. I still believe that it would work today, especially in light of the natural pick up sales over the past few months:
The U.S. government’s Wall Street bailout package, or should I use the PC correct term of “Government Rescue Program,” is not only a bad deal for the U.S. taxpayer, but in my opinion, totally unnecessary.
Last week, the largest Savings and Loan in the United States, Washington Mutual, was taken over in one day in a very, very smooth transaction. Combine that with the fact that in most real estate boom cities last month, real estate sales showed a dramatic increase. Of course the increase was due mainly to buyers purchasing bank owned and REO properties, but these two examples show that our free economic system works. When the price is right, buyers will step up and in many cases, purchase properties above the current asking price.
I think the general public, and Realtors in particular, have to a acknowledge that the boom years of 2000 to 2005 took real estate prices to artificially high levels due to the easy money, easy loan qualifying standards. Rather, should I say “lack of credible standards?” Now we are going through the payback period.
For the government to come in now with this huge bail-out, would just prolong the housing decline. I would rather see the government stand aside and let the market forces determine the true area average home selling prices.
For those who think a government intervention is the only way out, I would say do it without direct taxpayer money. The undisputed key to this recovery is housing. If the government truly wants to ignite a fire under the housing market, I personally would propose a very simplistic approach that would have immediate results.
The government should pass a bill that allows any home purchaser, owner-occupied or investor buyer, who buys a residential property within the next two years and holds that property for a minimum of three years (and a maximum of ten) to be free of federal capital gains taxes upon selling the property. The potential, tax-free profits on my idea would be a huge incentive for investors to jump back into the residential housing market. This increased demand would clear the built up housing inventory in a matter of months for most areas.
If the government is going to rescue anyone with this new bill, the rescue efforts should be directed not at Wall Street, but at Main Street. The problem today is declining home prices and the built-up inventory of properties for sale. Many buyers are standing on the sidelines. Most investors are totally out of the real estate market. My proposal will solve these problems without spending taxpayer funds. San Diego real estate market blog
Real Esate Outlook 2009 … Economist Gary Shilling
The San Diego real estate market turn-around in 2009 seems to be the usual New Year rose-colored glasses media 'talking head' consensus.
The already crumbling housing market could plummet an additional 20%, says Gary Shilling, president of A. Gary Shilling & Co.
San Diego housing is already down over 30%, but according to Shilling, there's no near-term bottom in sight.
Excess inventory – nearly a year's worth supply – is the "mortal enemy" of any recovery in housing, says Shilling, who does not believe the Fed's efforts to lower mortgage rates will resolve the crisis.
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San Diego 3Br./2.5Ba Upgraded – Mountain/Canyon VIEWS
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Huge Tax Change for Home Sellers?
Traditionally, real estate homeownership provided unequaled tax benefits. Now, it seems these tax benefits are about to be lessened somewhat.
A portion of the recently passed housing bill is raising some eyebrows and takes effect January 1. Prior to the bill's passage, homeowners could enjoy tax-free capital gains of up to $250,000 for a single person and up to $500,000 for a married couple if they used the home as their principal residence for at least two of the previous five years.
Under the revised law in the housing bill, a homeowner can no longer enjoy tax-free capital gains from the home during the years it isn't the owner's principal residence. For example, if a homeowner uses the house as a vacation home for three years and as a principal residence for the next two, the owner will have to pay capital gains taxes on three-fifths of the gain — which represents the three years the home isn't a principal residence. Previously, the homeowner would have pocketed the entire capital gain up to the limit.
Many thanks to our guest author, Mr.Greg Brooks Southwest area manager San Diego Mortgage Network for this enlightening post. A few our prior popular posts on the new housing bill were:
Federal Housing Bill Benefits Consumers who do not itemize their tax returns
Summary of the “Housing and Economic Recovery Act of 2008
Home Equity vs. Second Mortgage
Citigroup spent $1 billion advertising it's Live Richly campaign from 2001 to 2006 encouraging Americans to take out home equity loans. Marketing executives knew that "second mortgage" had an unappealing ring. So they seized the idea of "home equity," with its connotations of ownership and fairness. Advertising historians look back at the '80s as the time when bank marketing came into its own. Citigroup led the way by hiring away advertising staff from packaged goods companies like General Mills and General Foods, where catchy ads were more common. "Banking started using consumer advertising techniques more like a department store than like a bank," said Barbara Lippert, an advertising critic for the magazine Adweek. San Diego California income property listings