With San Diego real estate moving in an upwardly direction over the past couple of months recent interest rates could slow home buying activity. Home buyers in San Diego have been, in some areas of the county, fighting over homes that come up for sale. Many San Diego home buyers have offers in on short sales and jump all over the bank owned REO foreclosures the day they hit the market. Unfortunately the bank owned REO’s already have offers on them the day they come up for sale and sometime even before they show up in the MLS.
This has many home buyers frustrated and wondering what they have to do to get a house or condo in today’s San Diego Real Estate Market. Another issue that has been waiting to rear its ugly head is interest rates. When interest rates rise home buyers see their purchasing power reduced. Keep in mind when interest rates go up the monthly payment for a homebuyer also goes up and sometimes more than what they are comfortable with. Many times the lender will have to reduce the purchase price of what the homebuyer can qualify for.
This scenario can also have a real negative effect on the real estate market in general. If a home buyer wanting to buy a home has had a certain purchase price and monthly payment in mind for a certain size and quality of home and then they’re told that they can’t buy the same home at the same monthly payment, many of them will decide not to buy. Some will wait for the homes that they were recently able to buy at a certain price range to come down into the loan amount of what the comfortable monthly payment is that they had already had their hearts set on. Some of them won’t be able to afford the same home they thought they could buy and won’t settle for less of a home now. These factors could show a decline in demand and then a decline in home prices. We’ll have to wait and see. Oh, and don’t forget about the foreclosures to keep the median home price in San Diego from gaining too much ground. There are a few years of that left.
If you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
I decided to take a weekend getaway and wanted to find a nice quiet place close to San Diego. I had originally thought Palomar Mountain would be nice but they only had one place that rented cabins and they would only rent for two nights and not one. That wouldn’t work for me. I then thought what about Idyllwild. I had never been to Idyllwild but had been to Big Bear and Lake Arrowhead many times in the past. I went on-line and did some research on Idyllwild.
It was close to San Diego and a nice, easy drive up the 15 through Temecula then up into the San Jacinto Mountains. I researched several cabin, lodge and bed and breakfast places and chose one that I was very happy with. They had small cabins by Strawberry Creek and the property was very nice. So I made reservations and also dinner reservations and away we went. The drive up was about 2.5 hours partially in rush hour but was just long enough to have some nice conversation and catch up. We arrived at the cabins and checked in and had just enough time to clean up and change for dinner.
We drove into the town of Idyllwild and had some dinner and listened to some live jazz. It was a great dinner and a nice evening. The next morning squirrels were all over our back deck looking for food. From the looks of the many discarded peanut shells they were well fed from previous weekenders. I went and got some sunflower seeds from my truck and they ate like kings for an hour. We enjoyed the day in town by eating breakfast at the Red Kettle and shopping and art browsing and then drove home to San Diego which took about 2 hours.
I would recommend a getaway to Idyllwild. It is close to San Diego and is a nice California Mountain Town.
If you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
Everybody loves the Del Mar Fair. Officially known as the San Diego County Fair it won’t let you down for fun, food, rides, games and entertainment. I went this year and found that the 2009 Fair is just as good as the years before. I stopped by Albertsons Grocery Store and got discounted tickets and then drove to the Del Mar Fair to meet my family and friends. I went on a Friday afternoon was surprised to see that there was no line for parking and a very small line to get into the Fairgrounds. The only reason there was a line was for security to check belongings.
I went to one of the stages where we had friends performing and then strait to the rides and games for the kids. Some of the Funzone rides are Carousel, Cliff Hanger, Crazy Mouse, Creep Show, Dodge’em Bumper Cars, Evolution, Experience, Fast Trax Slide, Fighter, Grand Wheel, Hard Rock, Haunted Mansion, Hi Miler, Hydroslide, Magnum, Mardi Gras, Mega Drop, MetroMaze Mirror Maze, Moscow Circus, Pharaoh’s Fury, Sky Flyer, Speed, SR-2 Simulator, Starship 3000, Storm, Surf Shack, Tango, Techno Jump, Techno Power, Tilt a Whirl, Wave, Wave Swinger, Wind Surf, Xtreme, Zero Gravity, Zipper, and Zombie.
Some of the Kiddieland Rides are Anchors Away, Baby Eli, Baby Venice, Baja Buggies, Balloon, Bees, Century Wheel, Convoy, Cuckoo Haus, Cyclone, Dive Bomber, Dizzy Dragon, Dog O Rama, Drop Zone, Flying Tigers, Ghost Pirates, Goliath Slide, Helicopter, Incredible Coaster, Jumping Jumbos, Kiddie Bumper Boats, Kiddie Swing, Kite Flyer, Little Dipper, Lolliswings, Looney Train, Mardi Gras, Monkey Maze, Mini Bumper Cars, Motorcycle Jump, Oh Chute Big Slide, Raiders, River Ride, Rockin’ Tug, Safari Train, Silver Streak, Speedway, Spider Mania, Tea Cups, Wacky Worm, and Winky the Whale.
After a few rides and a few games we were off to the awesome food at the fair. I mostly go for the Del Mar San Diego County Fair food. There are so many different kinds of food from hot dogs to fried Oreo cookies. We grabbed a table full of the good stuff and sat and watched the Navy Band play some Big Band Music. It was great. My 8 month old granddaughter came to the Fair for the very first and loved it too.
We also enjoyed the shopping and great exhibits that the fair has to offer. The 2009 Del Mar Fair or San Diego County Fair whatever you choose to call it runs from June 12 to July 5. Make sure you don’t miss it.
If you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
Ashlon Langley Writer and Director of The Car a 1970’s film starring James Brolin was interviewed on Shameful Cinema. I write many Blog posts about San Diego and San Diego Real Estate and after reading the Ashlon interview about this 1970 movie I thought I would deviate and write about something out of the ordinary. I like the 1970’s low budget movies without all of the special effects and outspoken actors of today’s Hollywood. Ashlon responding to a question from the interviewer Andy about the car design he said;
Ashlon: The under-cranking was reminiscent of the Adams Family and The Munsters television series, making that quality silly to me. However, the design is choice! I love that one of the confusing points for the cops in the movie is that they can’t tell what make or model the beast is. And… it has no tags! If only they could get a license plate, the bungling cops could stop all the mayhem, yeah right!
I wrote about this movie and this interview because things are also reminiscent of the 1970’s even though it’s 2009. We are now like in the early 70’s in a recession and inflation is due to rise. America has taken a hit in the pride department due to the media’s constant attack on the good things America stands for and good things the United States does for so many around the world. The 70’s brought about the 80’s and the economy started gaining ground again and Americans had a lot of good things to feel good about. Watch The Car if you can and read the Ashlon interview. It’s truly entertaining.
If you need help buying a home, condo, Bank Owned REO, Foreclosure or Short Sale in the San Diego area including Chula Vista make sure you contact us we’re your San Diego Realtor.
San Diego have been, in some areas of the county, fighting over homes that come up for sale. Many San Diego home buyers have offers in on short sales and jump all over the bank owned REO foreclosures the day they hit the market. Unfortunately the bank owned REO’s already have offers on them the day they come up for sale and sometime even before they show up in the MLS.
