Are real estate investors coming back into play?
I am finding that we are starting to once again get a lot of phone calls from people in different parts of the county looking to buy 2nd homes and investment properties in San Diego County. Does that mean that we have finally hit bottom and their is a perceived value? I think if we have not, that time will tell very soon.
Downtown is very soft and ripe for that second home and or investment, as well as a number of other niche communities. I believe we have entered a new time for buyers to come out of the closet and start finding great deals.
Monday, April 28, 2008
Monday, April 21, 2008
San Diego real estate price correction
I just can't believe the degree of price correction that has occurred in San Diego County real estate market. While it does vary between different communities of the county, the average price correction from last year comes close to 25% less than a year ago.
The story that I am hearing from a lot of people is that they bought during the peak with a fixed rate for only a few years. Now there fixed rate loans are expiring and they loans are climbing exponentially with out the ability to refinance. These San Diego homes now have negative equity and unless the owners inject a substantial amount of money in there properties the mortgage banks will not provide new loans to stabilize the owners monthly payments.
If you are interested you can find current homes for sale statics information on all current San Diego real estate inventory at "All San Diego Real Estate" This site offers great resources and free property search with out registration so that you can search and find information with out feeling like a lead.
There are great investment opportunities now that the market has corrected. A friend of mine just found a condo in Oceanside with ocean views for around $240,000. Being in the industry I was very surprised at this great deal.
What I am interested in is hearing about your story, both positive and or negative about your real estate buying and owning experience in San Diego County. Are you feeling the pressure of foreclosure or are you an investor that is making money traumatic market. Do you have advice on the best way to handle a foreclosure? Any comments are appreciated.
The story that I am hearing from a lot of people is that they bought during the peak with a fixed rate for only a few years. Now there fixed rate loans are expiring and they loans are climbing exponentially with out the ability to refinance. These San Diego homes now have negative equity and unless the owners inject a substantial amount of money in there properties the mortgage banks will not provide new loans to stabilize the owners monthly payments.
If you are interested you can find current homes for sale statics information on all current San Diego real estate inventory at "All San Diego Real Estate" This site offers great resources and free property search with out registration so that you can search and find information with out feeling like a lead.
There are great investment opportunities now that the market has corrected. A friend of mine just found a condo in Oceanside with ocean views for around $240,000. Being in the industry I was very surprised at this great deal.
What I am interested in is hearing about your story, both positive and or negative about your real estate buying and owning experience in San Diego County. Are you feeling the pressure of foreclosure or are you an investor that is making money traumatic market. Do you have advice on the best way to handle a foreclosure? Any comments are appreciated.
introductions
Hell world! The introduction of zSanDiego with an emphasis in San Diego real estate; its wonderful communities and lifestyle choices available for everyone in the County. Please feel free to post, comment or just sit back and enjoy the information that will be coming as the world turns through this local economic world of real estate blog.
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