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San Diego Real Estate Double Dip 2011

June 4th, 2011

The question is how much of a Real Estate Double Dip? San Diego Real Estate along with most of the real estate in the Case-Shiller Home Price Indices 2005 to 2011 20 Citiescountry has dipped according to the data from the Standard and Poor’s Case-Shiller Home Price Indices reported on May 31, 2011. The home price indices which is the leading measure of U.S. home prices shows the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011 compared to the 4th quarter of 2010. The San Diego Home Price Indices declined only 0.8% for the same time period in the 1st quarter of 2011.

The data from the Standard and Poor’s Case-Shiller Home Price Indices also showed that the annual decline was 5.1% compared with the first quarter of 2010. In respect the indices for San Diego Real Estate showed a decline of 4.0% from last year. The First Time Home Buyer Tax Credit program in 2009 and 2010 was also thought to be a large factor in Standard and Poors Case-Shiller Home Price Indices San Diego Real Estate 2005 to 2011 Chart Graphbringing buyers to the market to help with the decline and stabilize home prices. This program is no longer available. I wonder if it’s time for the government to bring back some more incentives for home buyers to stabilize the market again. Maybe a program with more tax write offs in contrast to the proposed elimination of the home mortgage write off that some politicians have been peddling to pay for their huge mismanagement of America’s Tax Dollars and runaway spending.

After watching some of the talking heads on the television news networks it seems they are concerned that the latest unemployment numbers that fell way short of expectations are also fueling the low real estate activity and home price indices. The foreclosures that are still set to hit the market will of course add to the inventory as well as the short sales of upside down home owners. Some have also pointed out the unfriendly business practices of the current administration S&P Case-Shiller Home Price Indices Real Estate Double Dip 2011causing many businesses to hold back on hiring and expansion in the US. If this keeps up many of the new jobs may be expanded to foreign counties instead of the US. This would also hurt real estate.

I have personally seen many buyers in recent months jump into the San Diego Real Estate Market and I think the summer of 2011 looks like busy one for San Diego real estate agents. Time and releasing foreclosures and short selling the upside down homes will get us through to a more stable market. Compared to some of the recent drops in home price indices, a 4% drop although in the wrong direction is not something that should be too unexpected. Let’s face it we’re still in a fragile recovery. People still need homes to buy and many have jobs and good credit. What they need now is to feel confident in where the country is going and how it’s getting there. M. Lewis

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtors.

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iPad San Diego Real Estate

May 25th, 2011

iPad San Diego Real Estate

If you want to look for San Diego Real Estate on your iPad then make sure you use the iPad San Diego Real Estate Search on DawnSellsSanDiego. We not only have the best tools to search for San Diego Real Estate but you can use all of our home searching tools on your iPad. Tools like, maps, communities, schools, restaurants, shops, 24 hour property watch, listing email notification, and many more. The Apple iPad makes it easy to find your new home and is so easy to use with the Apple iPad touch screen. Our Real Estate Website is 100% compatible with the iPad.

iPad San Diego Real Estate Search

The iPad San Diego Home Search on our San Diego Real Estate Web Site makes searching for your new home or condo a snap! You can easily touch what area of real estate search you are interested in looking at. There are thousands of San Diego Homes and Condos to look at and it is updated several times a day with new listings. Because your Apple iPad is so easy and convenient to use we thought you would really enjoy your San Diego Real Estate search while using it.

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtors.

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Vista Investor Home for Sale

April 17th, 2010

Vista Real Estate in North County San DiegoSan Diego Real Estate Blog

Beautiful investor owned remodel for sale in Vista North County Inland San Diego California. Walnut color cabinets in kitchen with new granite counter tops and full granite back splash. New kitchen appliances include stainless steel stove, dishwasher and trash compactor. Wood floors dining room and family room. Tile entry as well as tile in the hall and bathrooms of this Vista real estate. You will get to choose carpets in bedrooms before close of escrow. New granite counters in baths custom tile showers and walnut cabinets. Bedrooms have closet organizers with raised 6 panel sliders. New fencing and landscape coming soon to complete this North County San Diego Home. New stamped concrete driveway and walkway as well. This remodeled home is located in Vista, CA 92084 - North County Inland San Diego. Come see this Vista real estate before it’s SOLD!

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

San Diego Foreclosures

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Real Estate North County Inland San Diego

November 23rd, 2009

San Diego Real Estate Blog 

Real Estate North County Inland San Diego

North County Inland San Diego Real Estate

Real Estate North County Inland San Diego
  Bonsall Real Estate 92003
Borrego Springs Real Estate 92004
Escondido S Real Estate 92025  
Escondido N Real Estate 92026  
Escondido E Real Estate 92027
Escondido W Real Estate 92029  
Fallbrook Real Estate 92028
Julian Real Estate 92036
Palomar Mountain Real Estate 92060
Pauma Valley Real Estate 92061
Penasquitos Real Estate 92129
Poway Real Estate  92064
Ramona Real Estate 92065
Rancho Bernardo W Real Estate 92127
Rancho Bernardo E Real Estate 92128
Rancho Santa Fe Real Estate 92067
Rancho Santa Fe (PO) Real Estate 92091
San Marcos N Real Estate 92069
San Marcos S Real Estate 92078
Santa Ysabel Real Estate 92070
Valley Center Real Estate 92082
Vista S Real Estate 92081
Vista W Real Estate 92083
Vista E Real Estate 92084
Warner Springs Real Estate 92086
Buying a San Diego Home All Areas

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

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Twitter San Diego Real Estate

November 18th, 2009

San Diego Real Estate Dawn Sells San Diego on TwitterSan Diego Real Estate Blog 

Twitter San Diego Real Estate

Follow Dawn Sells San Diego on Twitter

You can follow Dawn Sells San Diego on Twitter. Our San Diego Real Estate Twitter has all of our blog posts tweeted as well as all information pertaining to the San Diego Real Estate Market, News and Trends. Twitter is a great way for us to stay in touch with home buyers and home sellers in San Diego County.

We also keep you updated on foreclosure and short sale properties that we are selling and up to date information on the latest foreclosure and short sale news. Twitter is an excellent micro-blog for getting San Diego Real Estate Tweets out fast to our followers. If you want to follow the best San Diego Real Estate on Twitter make sure you follow us.

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

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2010 San Diego Real Estate Market

November 12th, 2009

2010 San Diego Real Estate MarketSan Diego Real Estate Blog

2010 San Diego Real Estate Market

I know it’s still 2009 November and it might be a little early for 2010 San Diego Real Estate Market predictions but I think I’ll give it a shot. 2010 in the San Diego Real Estate Market should show more foreclosures than we had in 2009. In 2009 many foreclosures were held off of the market due to the moratoriums. Now that many of the foreclosure moratoriums are lifted the banks are gearing up to get the REO’s off of their books. 2010 in San Diego and many parts of the country will be known as the year of the “Last of the Foreclosure Market”. There will be more foreclosures after 2010 into 2011,  2012 and 2013 but 2010 will be the last big year for foreclosures.

There will still be more short sales and some banks are moving faster on them. There’s lots of talk about the short sales being streamlined and moving through the system faster. In 2010 it might just be a lot of false hope in this area. I hope I’m wrong and we see the short sales as a whole (not just select banks) move through the system fast and to a sale but it might just be a lot of hype. Systems like REOTrans are setting up to do short sales but I’ll believe the push towards short sales over foreclosures by the banks when I see it.

For homebuyers in 2010 it should be a delight with more inventory coming into the San Diego Real Estate Market. In some price ranges like the lower end first time home buyer prices under $400,000 there still will be a fight with other buyers to get the homes. There are way too many buyers and investors in the under $400,000 range in many areas of San Diego County that will keep this price range in very short supply in 2010. The upper end in non-coastal areas will still slide a little lower in 2010. We’ll see how this worked out in 2011.

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

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Extended First-Time Home Buyer $8,000 Tax Credit

November 9th, 2009

San Diego Real Estate Blog

The First-Time Home Buyer $8,000 Tax Credit was just extended until April 30, 2010 by the U.S Congress.

US Government 2009

Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream.

Who Qualifies for the Extended Credit?

First-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.

Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.

To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

If you or you have purchased a home between January 1, 2009 and November 6, 2009, please see: 2009 First-Time Home Buyer Tax Credit.

Which Properties Are Eligible?

The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

How Much Is Available?

The maximum allowable credit for first-time home buyers is $8,000.

The maximum allowable credit for current homeowners is $6,500.

How is a Buyer’s Credit Amount Determined?

Each home buyer’s tax credit is determined by 2 additional factors:

The price of the home.
The buyer’s income.

Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.

Buyer Income

Under the Extended Home Buyer Tax Credit, which is effective on November 7, 2009,  single buyers with incomes up to $125,000 and married couples with incomes up to $225,000—may receive the maximum tax credit.

These income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits. If you or your client purchased a home between January 1, 2009 and November 6, 2009, please see 2009 First-Time Home Buyer Tax Credit.

If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?

Yes, some buyers may still be eligible for the credit.

The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $145,000 for singles and over $245,000 for couples are not eligible for the credit.

Can a Buyer Still Qualify If He/She Closes After April 30, 2010?

Under the Extended Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.

Will the Tax Credit Need to Be Repaid?

No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale.

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

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Channel 10 San Diego I-Team

November 8th, 2009

San Diego Real Estate Blog

I just got finished watching an excellent report on Channel 10 News and I wanted to share it on my Blog because I think it’s worth watching. The show was a half hour and this is only one of the segments. It was very informative about San Diego real estate, auctions, loan modifications, and investment properties.

This story is called:

Builders Default On Land, Able To Buy It Back Cheaper At Auction

http://www.10news.com/video/21522316/index.html
 
Lauren Reynolds
10News I-Team Reporter
_____________________________________________________

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

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Escondido Renaissance Faire San Diego 2009

November 8th, 2009

Escondido Renaissance Faire San Diego 2009 Green ManSan Diego Real Estate Blog

Escondido, CA. November 2009

We decided to go checkout the Escondido Renaissance Faire at Felicita Park in Escondido in North County San Diego. The Renaissance village known as “Village of Falconbridge” had an admission price of $16 per adult. I thought it was a little steep for a ticket but after seeing how much it took to put this event together I thought it was well worth the admission price.

Felicita Park itself is covered with large oaks and Sycamore trees and is great outdoor park in San Diego. This event had a true feeling of a Medieval Village complete with knights, Ladies, and everything you would expect. Most people were dressed up in medieval attire and really looked good. There was entertainment, like sword fighting, battles, singing, shoes and lots of other festivities. Lots of merchants and food too.

If you missed it in 2009 make sure you visit the Escondido Renaissance Faire at Felicita Park in 2010.

Some Videos from the event.

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

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NAR Asking for Extension of the First Time Homebuyer Tax Credit

October 21st, 2009

NARSan Diego Real Estate Blog 

I read a recent article titled: Realtors® Urge Congress to Act Now to Extend Homebuyer Tax Credit. In the article the National Association of Realtors included some facts about how many first time home buyers were helped into their new homes by the tax credit which will end on November 30, 2009. I know it’s helped here in the San Diego Real Estate Market and many of our clients have taken advantage of the incentive. 

Below is an excerpt from the article: 

The National Association of Realtors® is calling upon its 1.2 million members to urge Congress to extend the successful homebuyer tax credit into next year. 

Since its inception earlier this year, the $8,000 first-time homebuyer tax credit has brought 1.2 million new buyers into the market—350,000 of whom would not have purchased a home without the credit, according to NAR. The credit is due to expire November 30. 

“Now is the time for Congress to keep this recovery going by extending the tax credit through 2010 and making it available to more homebuyers. We have all seen how the credit has been a spur to bring homebuyers into the market, and have seen the beginnings of a real recovery in the housing market. Housing has always led this nation out of economic downturns, and can do so again,” said NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. 

Realtors®, the leading advocates for homeownership and housing issues, will be writing to their Senators and Representatives to tell them of the successes with the tax credit thus far and to press them to extend and expand it now. 

For the entire article please visit Realtor.org 

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

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