Archive for the 'Real Estate Market' Category
What effect will the election results have on the real estate market?
0 Comments Published by margomurray November 25th, 2008 in Economy, Housing Economy, Real Estate Market, Real Estate Advice, California Real Estate, Buying a home, Should I buy a home?, Is this the right time to buy a home?. by margomurray Generally, postpresidential election real estate markets tend to improve slightly. The boost tends to be greater if the winning vote was substantial. President-elect Obama won the popular vote by about 7%. If history repeats itself–and it usually does–the real estate market will continue to improve in 2009. Many believe the reason post-presidential markets generally improve is because consumer confidence increases after the American voter has the opportunity to express his/her will through the election process. The more people who agree with the election results, the greater the consumer confidence.
The California Association of Realtors (CAR) predicts that prices will bottom out by mid-2009. CAR also predicts a 12.5% increase in the number of sales in California in 2009. Remember–months ago, we predicted that an improving real estate market would lead us out of the recession. Forecasts of continued low interest rates, lower foreclosure numbers, and increasing consumer confidence in real estate should continue to bring about an improved real estate market. The one concern is the economy. The bailout that Congress passed will hopefully bring about results within the coming months, and the nations economy will begin to heal. A final, encouraging observation: sales in September 2008 were up 96.7% from the same period in 2007.
OC Real Estate Market in 2009 forcasted by Real Estate Economist Gary Watts
0 Comments Published by margomurray November 17th, 2008 in Economy, Housing Economy, Real Estate Market, Real Estate Advice. by margomurrayGary Watts has long been recognized as a forecasting expert by the real estate industry. His long-term analysis has also drawn the attention of the media due to his consistent accuracy. His Economic Outlook has been spotlighted in regional newspapers, including the Orange County Register and the Los Angeles Times. He has been seen on the PBS TV program Real Orange, and he has been a featured advisor on real estate forecasting roundtables. He holds a degree in economics with advanced studies in psychology from California State University at Sacramento.
The housing market below $250,000 has most likely reached the bottom
Prices now in the $350,000 range are close to the bottom.
The rest of the housing market still suffers a restructuring of prices.
Expect foreclosures and short sales to dominate the market through 2010.
Listing inventory should rise due to the large number of foreclosures set to enter the market.
The credit conditions should greatly improve, bringing more buyers into the market place.
Demand for properties will continue to be higher than the past three years.
How to sell your home with Multiple Offers in Rancho Santa Margarita, CA
0 Comments Published by margomurray August 24th, 2008 in Real Estate in South Orange County, Rancho Santa Margarita Real Estate, Mission Viejo Real Estate, Real Estate Market, Real Estate Advice, margo Murray. by margomurray
3 Via Onza, Rancho Santa Margarita - Listed for $735,000
Sold with mulitple offers in less than one month
5 suggestions to ensure a successful real estate sale in Rancho Santa Margarita
Margo MurrayA different perspective on the housing crisis
0 Comments Published by margomurray August 6th, 2008 in Real Estate Market, Real Estate Advice, Is this the right time to buy a home?, Purchasing a Home. by margomurrayOn CNBC’s Parting Shot on June 27, 2008 Dennis Kneale’s commentary tried to put some perspective on the reality of the housing crisis compared to the way the news media likes to glamorize doom and gloom. He provides a refreshing approach, rather than the gloom and doom that the media has provided. CLICK HERE to watch video.
Here is an outline of his talk.
1/3 of all homes are owned outright, no loans
1/2 of all homes were purchased prior to 2000 and have equity.
95% of homeowners are paying on time.
which leaves 5% or 4,000,000 of homeownes at risk.
Recent Comments