| |
San Diego Real Estate - Reading Between The Lines
By Bob Schwartz
The Change in one of the nation's hottest real estate markets may be a sign of a Nation wide trend!
Just this summer it was almost impossible to find a new San Diego real estate development that
cooperated with real estate brokers. If you could find a developer co-opting, it was most likely way below the traditional 3% rate.
Well, just a few short months have passed and a current read of the Sunday homes section of the San Diego Union Tribune shows that though the real estate market does not make discernible moves in a day like the stock market, a couple of months can easily define the local real estate trends.
Here are just a few of the incentives noted in the home section of a very recent Sunday's paper: 4% broker co-op, free plasma screen TV, $1,000 off closing costs, $2,500 in design center upgrades, $10,000 in incentives, one year HOA fees paid, $5,000 in closing costs, $2,000 closing cost credit, washer, dryer & refrigerator included, $25,000 in incentives or cash price reductions, $1,000 gift certificate, and no HOA fees for 2 years!
The grand opening long buyer lines, multiple offers, offers above the asking price and homes selling within days of being listed are just fond memories now. However, due to the huge home appreciation all San Diego real estate has seen, with the average home up 100% in the past 5 years, combined with the boom in 100% adjustable/interest only loans, the stage is set for what is sure to be mind-numbing depreciation.
Yes, we have started on the down leg of the typical 'Bell Curve' and the probability of surpassing our approximate 20% drop in San Diego home values experienced from 1990 thru 1996, seem assured. Plus, as real estate trends seem to start in the West and than move east, any U.S. real estate market that experienced huge price appreciation the past five years, will experience the same depreciation in real estate residential values.
Copyright 2005 Promotions Unlimited - All rights reserved
About the Author
Bob Schwartz, CRS,GRI, is a Certified Residential Specialist San Diego real estate broker http://www.Brokerforyou.com with over 27 years experience. Bob's other sites are about San Diego downtown condominium real estate activity at: http://www.downtown-san-diego-real-estate.com & A free website award site at http://www.web-site-award-winning.com/
Article Source: http://www.simplysearch4it.com/article/16876.html
| If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/16876.html" as shown above and make it hyperlinked. |
| Some other articles by Bob Schwartz | More Productive Internet Lawyers Websites
Does your firm's website have a form link for potential legal clients to send inquires through to your law firm,? If so, you may be wasting ...
4 Steps To Law Firm Website Search Engine Placement Improvement
Well, by now you most likely have heard that good design, proper key word density, intuitive navigation, correct Meta tags, quality incoming links and informative content are all important to achieving top ...
Interest Rate Increases And You!
After 12 rate increases by the Fed, it does appear that the real reason behind the Fed action is to ...
Real Estate Website Scams
Many still say the Internet is like the Wild West. When it comes to the proliferation of scams, this is ...
Internet Tips For A More Productive Real Estate Site
All the tips and add-on software recommended in this article will make you and your real estate web site much more productive. Your investment is just the few moments to read this article and ...
Search Engine Placement - Most Overlooked Key
Good design, proper key word density, intuitive navigation, correct Meta tags and informative content are all important to achieving top search engine placement. Especially when it comes to ...
|
|
| |
|
