This past week, Robert Kiyosaki, author of "Rich Dad, Poor Dad," one of the best-selling personal finance books of all time, dropped by my radio show to talk real estate.
Yes the waters are rocky, the mortgages may be harder to come by, but particularly if you're interested in buying rental properties with an eye toward becoming a bit of a mogul yourself, Kiyosaki says now..(read more)
On the show, "The Billionaire Inside" Donald Trump gives audience members his view of the real estate market as well as advice on when to buy. In his opinion, the market will absolutely bottom out in 6 months. I have been telling my clients for the last 8 months that now is a great time to buy because prices are low, the feds have dropped rates and will continue to do so at least 2 more..(read more)
I get asked this question so frequently that I thought I would address it in my blog this week. A home that is being sold short means that the seller has to sell the house for less than what they paid for it. This has affected people who bought their house within the last couple of years at over-inflated prices.
Why would people want to sell their homes if they're going to lose money you ask?..(read more)
This year versus last
In the last report, the change relative to the same time period last year was -14%. The current result implies the market is maintaining the current spread between this year and last year. The probability of closing the gap between this year and last year is at or near zero.
Underlying key measures declined since last report indicating the drift in the direction..(read more)
Can I tell you how happy I am that interest rates have finally dropped! I'm probably not happy for the reasons that you think. I am happy that rates have dropped because of the new found increase in consumer confidence.
Why you ask? Well because this is the best market we've seen in A LONG time for buyers. Yet, buyers have been afraid to buy! It's a weird cycle. Rates are historically low...STILL. ..(read more)
To tie into my last post about a few areas that I find very interesting, Rancho Santa Fe, Santaluz, and Downtown, San Diego...I wanted to compare year over year average sales prices.
*Averages are used to show general trends. There could always be an outlier, (one sale that throws the whole average off).
Downtown San Diego Average Sales Prices
..(read more)
Well, let me tell you... I could not pull myself away from the computer last night. Seriously, I should have been out doing something fun but instead, I was entranced by all of the glorious inventory that has flooded our market recently.
Areas that captivated my attention were Rancho Santa Fe, Downtown, and Santaluz. For those of you that are not familiar with these areas, I will break it down a..(read more)
What do you do when you are a billionaire that cannot find a good butler? Why , you turn your house manager loose to examine potential graduates of the butler school; of course!
According to an article in the Wall Street Journal, good help is hard to find. Whether you find yourself in new money, or you've had a sizable estate for quite some time...it's hard to manage an extensive..(read more)
I get asked this question all the time...should I buy now? What if the market continues to go down?
Good thing you stopped in and asked these important questions! The short answer is that it's a great time to buy. The long answer is that the reason is different for everyone. There are basically 3 types of home buyers that I will address. Let me explain...
If you are a move up buyer:
Right now,..(read more)
