Three units. $3,300 a month in rent. Stays rented!! Click above link for more info.
Click this one for the MLS;
http://tempo5.sandicor.com/Pub/EmailView.asp?r=1803430008&s=SND&t=SND
SurfSD@cox.net
North San Diego Surf & Real Estate
What's happening in North San Diego County surfing & real estate. Help this site and the Surfer's Journal by using this link. http://www.surfersjournal.com/
Saturday, April 30, 2011
Thursday, April 28, 2011
Prices down & confidence up...time to buy? Click here
Price Index Info combined with Consumer Confidence Info = Time to buy???
Prices for the 10- and 20-city composites tracked as part of the S&P/Case-Shiller Home Price Indices declined 2.6 percent and 3.3 percent in February, respectively. Ten of the 11 cities that reached new lows in January 2011 set new record-lows in February 2011. With an index level of 139.27, the 20-City Composite is virtually back to its April 2009 trough value (139.26); the 10-City Composite is 1.5 percent above its low.
On a month-over-month basis, the 10- and 20-City Composites were both down 1.1 percent in February compared with January. San Diego, which had posted 15 consecutive months of positive annual rates, ended its run with a 1.8 percent percent annual rate of change in February 2011.
The Conference Board’s Consumer Confidence Index rose to 65.4 in April, up from 63.8 in March. The Present Situation Index increased to 39.6 from 37.5 and the Expectations Index rose to 82.6 from 81.3.
Contact me at:
http://www.sandiegosurfrealestate.com/
AND SDRealtor@cox.net
Prices for the 10- and 20-city composites tracked as part of the S&P/Case-Shiller Home Price Indices declined 2.6 percent and 3.3 percent in February, respectively. Ten of the 11 cities that reached new lows in January 2011 set new record-lows in February 2011. With an index level of 139.27, the 20-City Composite is virtually back to its April 2009 trough value (139.26); the 10-City Composite is 1.5 percent above its low.
On a month-over-month basis, the 10- and 20-City Composites were both down 1.1 percent in February compared with January. San Diego, which had posted 15 consecutive months of positive annual rates, ended its run with a 1.8 percent percent annual rate of change in February 2011.
The Conference Board’s Consumer Confidence Index rose to 65.4 in April, up from 63.8 in March. The Present Situation Index increased to 39.6 from 37.5 and the Expectations Index rose to 82.6 from 81.3.
Contact me at:
http://www.sandiegosurfrealestate.com/
AND SDRealtor@cox.net
Wednesday, August 18, 2010
New Listing
Great investment in Vista. 3 units grossing $43,000 per year. Great for an owner live-in situatiion, too. Click the link for details and pictures.
Monday, August 16, 2010
Tuesday, December 22, 2009
NOVEMBER HOME SALES
After moving up 10% in October, sales of existing homes jumped again, growing 7.4% compared with October to an annual rate of 6.54 million units, according to the National Association of Realtors. "This clearly is a rush of first-time buyers not wanting to miss out on the tax credit," said NAR's chief economist, Lawrence Yun.
Thursday, December 10, 2009
Market notes
![](http://3.bp.blogspot.com/_ckYeHDM9qF4/SyFth3MIZ0I/AAAAAAAADmg/7h8PxEhtf2U/s200/emma+front.jpg)
North County looks strong!
Single-Family Detached Home Prices
~ The median price for all homes in North San Diego County – single-family
detached and single-family attached – decreased to $370,000 in November 2009
from $375,000 in October 2009.1
~ The median-priced single-family detached (SFD) home in North San Diego
County rose 1.45 percent from $430,000 in October 2009 to $436,250 in
November 2009. The SFD median price in Non-North County zip codes declined
1.4 percent from $355,000 in October 2009 to $349,900 in November 2009.
No New Housing!
For several months, the California and local housing markets have been experiencing a
sales rebound as a result of low interest rates, a continuing supply of distressed
properties coming to market, and a continuing reduction in the fear factor on the part of
prospective homebuyers.
a. Sales of new homes are down significantly because home-building activity has
all but stopped completely.
b. Meanwhile, 2010 will see a steady stream of sales of resale homes, driven by
distressed properties at the low end of the market, coupled with moderate homeprice
appreciation.
i. The statewide median-home price is expected to rise 3.3 percent in 2010
over this year.
Interest rates are good now but for how long?
Expect interest rates to climb next year from about 5.2 percent to 5.7 percent on average.
Prepared for the North San Diego County Association of REALTORS® by Robert Brown, Ph.D. (Bold headlines by North County)
Friday, December 4, 2009
Tighter housing market for renters
![](http://1.bp.blogspot.com/_ckYeHDM9qF4/SxlDYtxvIWI/AAAAAAAADlQ/svsqywUfyqE/s200/dorsey+frnt1.jpg)
Apartment vacancies tighten up
Average rent rises $1 over last year
By Roger Showley, UNION-TRIBUNE STAFF WRITER
Friday, December 4, 2009 at midnight
San Diego — San Diego landlords had it slightly better, and renters slightly worse, as vacancy rates dipped to 5 percent at local apartment complexes, the San Diego County Apartment Association will report today.
In its fall vacancy and rental rate survey of 38,207 apartments in 1,268 complexes and single-family rented homes, the association said vacancy was down from 5.4 percent last spring but up from 3.6 percent a year ago.
The weighted average rent countywide was $1,189, compared with $1,192 last spring and $1,188 a year ago.
Robert Pinnegar, the association’s executive director, said in a statement that vacancy was down because of higher renter demand and few if any new apartment complexes.
Apartment complex sales have begun to increase, he said, indicating an improvement in the investment market. “But we’re not out of the woods yet,” he said.
A 5 percent vacancy level generally indicates a balance between supply and demand. Ten years ago the vacancy rate was at 2 percent and widespread rent increases were common.
NORTH COUNTY COMMENT:
Interest rates are between 4 1/2% & 5% and the rental market appears to be tightening up. Make from it what you will but this sure looks like we're heading for a short supply of housing in San Diego County. The law of supply and demand, great prices and low interest rates might just make this the best time to buy in years!
Contact me if you need me... SDRealtor@cox.net
Tuesday, December 1, 2009
And on and on and on and......
![](http://4.bp.blogspot.com/_ckYeHDM9qF4/SxWAUHcM4DI/AAAAAAAADjQ/qdfRAhTnar8/s200/bernanke-ap_001.jpg)
Photo of Ben Bernanke: AP Images
Bernanke Attacks Ron Paul's Audit the Fed Bill
Written by Thomas R. Eddlem
Sunday, 29 November 2009 00:00
Federal Reserve Open Market Committee Chairman Ben Bernanke is pulling out all the stops to kill Congressman Ron Paul's legislation to audit the Federal Reserve Bank, this time with a November 29 op-ed column in the Sunday Washington Post.
“I am concerned, however, that a number of the legislative proposals being circulated would significantly reduce the capacity of the Federal Reserve to perform its core functions,” Bernanke wrote, adding that "a House committee recently voted to repeal a 1978 provision that was intended to protect monetary policy from short-term political influence.”
Ron Paul's legislation, H.R. 1207, recently passed the House Financial Services Committee, and a majority of the whole House (307 of 435) have cosponsored the overwhelmingly popular bill. The legislation would require the Government Accountability Office (GAO) to audit the Federal Reserve annually and disclose the results to the public. Bernanke opposes the audit while at the same time claiming that the Fed is adequately audited:
In its making of monetary policy, the Fed is highly transparent, providing detailed minutes of policy meetings and regular testimony before Congress, among other information. Our financial statements are public and audited by an outside accounting firm; we publish our balance sheet weekly; and we provide monthly reports with extensive information on all the temporary lending facilities developed during the crisis. Congress, through the Government Accountability Office, can and does audit all parts of our operations except for the monetary policy deliberations and actions covered by the 1978 exemption. The general repeal of that exemption would serve only to increase the perceived influence of Congress on monetary policy decisions, which would undermine the confidence the public and the markets have in the Fed to act in the long-term economic interest of the nation.
But earlier this year in Congressional testimony, Bernanke and other Federal Reserve auditors claimed they didn't know precisely how the Fed had added half a trillion dollars in assets (debts) to its balance sheet. The $500 billion in loans, Bernanke then told Florida Democrat Alan Grayson, were loans made to foreign central banks at the same time American businesses and homeowners were struggling to get loans. Bernanke has decried the possibility of congressmen and citizens being able to look into the books of the U.S. central bank and see transactions like the one above. “These measures are very much out of step with the global consensus on the appropriate role of central banks,” Bernanke said of the Paul bill, “and they would seriously impair the prospects for economic and financial stability in the United States.”
Bernanke argues that his goal is “to design a system of financial oversight that will embody the lessons of the past two years and provide a robust framework for preventing future crises and the economic damage they cause.” But the Fed's loose monetary policy of suppressing interest rates over the 2003-07 period was the primary cause of the housing bubble/bust cycle. Even Bernanke has admitted that the Fed failed in its supposed responsibility to prevent the monetary crisis of 2008: “The Federal Reserve, like other regulators around the world, did not do all that it could have to constrain excessive risk-taking in the financial sector in the period leading up to the crisis.”
But Bernanke's solution to the current crisis is to continue and even accelerate the unparalleled increase in money supply that will lead to new bubbles and dilute the value of already-existing dollars, causing prices to rise. “To support economic growth,” Bernanke noted in his column, “the Fed has cut interest rates aggressively and provided further stimulus through lending and asset-purchase programs. Our ability to take such actions without engendering sharp increases in inflation depends heavily on our credibility and independence from short-term political pressures.” The result of these rate cuts — the Federal Reserve's target interest rate is now set to zero — the Fed has more than doubled the supply of money in the last year, and the rate of increase in the money supply has been called a “hockey stick chart” by opponents of the Federal Reserve policies.
Comments:
Robbing The Populous Through Inflation Seems TO Be The Only Thing The Federal Reserve Is Good At.
report abuse vote down vote up
November 28, 2009
Darryl Schmitz said:
Absolute Power (Secrecy) Corrupts Absolutely
When I hear Bernanke or any other puppet of Wall Street and the Banking Industry talk like this, I'm reminded of that scene from The Wizard of Oz: "Pay no attention to that man behind the curtain!"
report abuse vote down vote up
November 29, 2009
Boris said:
first things first - Dignose this problem!
Audit the Federal Reserve Bank! Expose this fraud. Facts speak for themselves. By the way, how's M3 stacking up today? I thought so.
Enough of this fear-building psychological manipulation - it's not going to get worse by knowing how financially ill our Nation is. First thing is to diagnose the problem. If Fed is refusing to tell us ("No," "I can't tell you that"), than we shall find out through decent representatives such as Ron Paul.
Thank you Mr. Paul.
Monday, November 23, 2009
Monday, November 16, 2009
This week in Oceanside: The California Surf Festival (click here)
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