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.
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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
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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.
The National Association of Realtors® NAR reported that the February 2009 sale of existing homes in the U.S. including single family homes, condos, town homes and co-ops rose by 5.1% from the 2009 January sales numbers. This is great news for the real estate market especially here in San Diego. The Southern California Real Estate Market has seen a huge influx of buyers in early 2009. Some of this could be due to the great $8,000 Tax Credit for First Time Home Buyers and the $10,000 New Home Buyers in California. I am working with a lot of investors in the San Diego Real Estate Market and so are many other Realtors® I know.
This news is also coupled with the news of median home prices of existing homes across the nation has dropped 15.5% from February 2008. Buyers should delight in the fact that prices are low and interest rates are also down. San Diego REO or foreclosed homes in lower price ranges are getting multiple offers and are even having appraisal problems when selling because comps are lower than the new sales. These are good signs and investors and home buyers “especially new home buyers” are out in force in the San Diego area. The new foreclosures “dubbed the Next Wave” are hitting soon and from what I see the buyers will be there to gobble them up.
San Diego in 2009 should be a year of high volume sales!!!
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.
If you are a San Diego Border Patrol Agent buying a home in San Diego County including Chula Vista, Otay Mesa, San Ysidro and Imperial Beach make sure you call us. We have helped many Border Patrol Agents in San Diego buy a home. We appreciate all the hard work you do in San Diego County and want you to know when it comes to find a Real Estate Agent in San Diego we’re here to help. If you’re a Border Patrol Agent relocating to San Diego make sure you give us a call. We can get started right away emailing you homes for sale in San Diego and get things ready for your move to Southern California.
We have some great tools on our San Diego Real Estate Web Site to help you find your new home. We also have great maps to assist you in the location of the home to the rest of San Diego and distances to freeways. Also due to the large amounts of foreclosures in San Diego we have a San Diego Foreclosure Search Tool. If you’re in the U.S. Border Patrol and you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtors.
I’m Dawn Lewis and I’m a San Diego Realtor. You have just found the best San Diego Real Estate web site for searching for San Diego Real Estate. I hope it helps you with your San Diego home or condo search and answers questions you have about San Diego real estate. Please use the tools and features like the San Diego MLS with its great maps and community information.
My Experience:
Realtor® in San Diego Since 1989
SOLD well over 1,500 Homes
San Diego Top Producer
San Diego Relocation Expert
Top Real Estate Negotiator
San Diego New Home Sales Expert
San Diego REO Listing Agent
San Diego Foreclosure Expert
Short Sale and Foreclosure Expert
Winner of many Real Estate Awards in Sales and Customer Service
As you can see I have been a real estate agent in San Diego for quite some time. Please put my experience to work for you and give me a call today.
The San Diego Real Estate Blog is a Web Log about Real Estate in San Diego County California. Posts about buying real estate in San Diego and Selling Real Estate as well as all aspects of the market are presented daily to interested Blog readers. This San Diego Real Estate Blog is considered one the most detailed and accurate in the Blogosphere. When reader want information on real estate related information in the San Diego area this is the Blog they click to.
My name is Dawn Lewis and I am an REO Listing Agent in San Diego County with 20 years experience. Asset Managers when your ready to sell your assets in San Diego County California make sure you contact me. I have personally sold over 1,500 homes in San Diego County. I am one of the fastest growing REO Listing agents in San Diego County including the Chula Vista area and would like to offer you my services in selling your companies assets. I currently have a team of 7 in my REO division and my REO’s are serviced by the 70 agents that work within my company. We sell REO’s fast with extreme efficiency through systems that my team and I have perfected with my 20 years experience as a San Diego Realtor and REO Specialist.
I would like to prove myself to you by having you interview me by phone or email. I would also appreciate listing 5 to 10 of your assets so that you can experience how good my services are. I know what your goal is; to sell your assets as quickly as possible for the most money and the least amount of problems.
I have several web sites and Blogs where I promote my REO’s for fast and efficient sales. These web sites currently come up on page 1 on Google for San Diego Foreclosures which gives me 10 to 20 leads for REO buyers and investors per day. Please take advantage of the systems that I have created to sell your assets fast, efficiently and for top-dollar. I look forward to speaking with you further regarding your REO’s. Some of my qualifications include:
REOMAC-Mortgage Default Industries Top Service
5 Star-Golden Member
REOTrans, ResNet, REO Maestro
Real Estate Agent/Salesperson License since 1989
Over 200 Hours of REO & BPO Education on file
I would appreciate the chance to work with you and selling any assets that you have in the San Diego County, California area.
