Archive for the ‘Uncategorized’ Category

5 Changes to Real Estate Markets That May Be on the Horizon

Thursday, March 16th, 2017

As many in the real estate industry anticipated, the mortgage interest rate has been raised, and predictions are that rates will go up again, possibly multiple times this year. What does that mean for home buyers, sellers and the real estate market in general?

1. Inventory will likely remain low. Since inventory in most markets is already low the rise in rates could keep it that way. That is because home sellers who were considering selling may choose to stay in their homes. Those who have low mortgage rates currently may decide not to make a  move if their new rates will be higher – it will all depend on numbers for many sellers. OR – there is always a chance that rising rates may cause some to sell quickly in order to prevent being locked into their homes for potentially years to come…it will remain to be seen.

2. People may be priced out of markets. If there are fewer homes on the market then home buyers will have a more difficult time finding homes due to high demand and low supply, which normally creates higher prices. As competition heats up, some buyers – likely many first time home buyers – will be priced out of the housing markets in many areas. Unless home builders supply the market with new inventory there could be a stall ahead.

3. Cash buyers will continue to play a role. In many markets, especially condo and townhome markets priced at $650,000 and under, I believe cash buyers will continue to be out in force snatching up these properties. Many first time buyers will have to contend with these cash buyers, and usually that is a losing game for the buyer who is getting a loan (since cash buyers do not require appraisals and can close more quickly; not having to rely on a lender to get the sale closed is a plus to many home sellers).

4. Rental market will continue to be saturated. If the above holds true then the already saturated rental market will continue to be busy – landlords will be able to make good money and raise rents because there will be plenty of renters needing homes who will pay the higher prices if current tenants cannot. This point correlates with the increase in cash buyers that we have seen lately in the “lower end” markets – many of them have been purchasing the lower priced properties for income potential, and it is a great time to make money in the rental market.

5. Real estate industry could see changes. With less inventory real estate brokers and agents could see a big change in the industry. Much like the exodus of sales people during the foreclosure crisis of 2008-2011, I predict many agents will again leave the business because they will not be able to survive in such a tight market. I also predict agent commissions will go down if there are fewer homes which sell faster.

The bottom line is that the real estate market in many areas, at least here in San Diego County and others in California, is still “hot,” but it is getting more difficult for people to get into it. This could affect future home ownership rates and the real estate industry as a whole.

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Time to Fall Back!

Saturday, November 5th, 2016

Don’t forget to set your clocks BACK one hour tonight when you go to sleep…Daylight Savings Time ends Sunday.


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Happy Holidays to All!

Wednesday, December 23rd, 2015


Happy holidays to all -may you find relaxation and time well-spent with your loved ones. Happy New Year as well…I wish for each one of you a year full of love, happiness, laughter, good health, and most of all: PEACE.



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Existing Home Sales Increase Across U.S.

Monday, October 26th, 2015

The latest data on home sales shows that there was a nationwide increase over the last year in the number of homes sold, with a 4.7% increase nationwide. California had a 6.7% gain. The western and northeastern states had the highest number of sales increases. Prices nationwide also rose 6.1%.


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Existing home sales strongly rebounded in September after a decline in August, and have now risen year over year for 12 consecutive months, according to the National Association of Realtors. As we head into the holiday season it remains to be seen whether these numbers will continue to grow in what is usually a bit of a slower housing sale season.



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Happy Passover and Happy Easter!

Saturday, April 4th, 2015

I hope everyone has a wonderful Passover and Easter! Whatever you are doing and wherever you are, my wish for you is that you are surrounded by those you love. Enjoy!

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Happy Holidays!

Friday, December 19th, 2014

I wanted to wish every one a very happy holiday season – whether you celebrate Christmas, Hanukkah or another holiday. I hope that you are able to take some time off and spend time with loved ones and friends, in order to appreciate what is most important in life. Xmas tree & menorahI will be taking time off this week to do the same!

2014-2015I wish you all a New Year filled with love, laughter, prosperity and good health. Thank you to all of those who have helped make 2014 a fantastic year in real estate. I love this business and value each and every one of my clients. I feel blessed to have such a great group of people with whom to work, and look forward to an amazing 2015!

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New Coastal Carlsbad Cul-de-Sac Listing!

Monday, September 8th, 2014

Just listed…6438 Opal Way, Carlsbad CA 92011. Enjoy the Carlsbad lifestyle just minutes from the beach! This beautiful Mar Brisa hilltop home is situated on a cul de sac with extended driveway, private yard and great curb appeal. Clean and bright with laminate wood and tile flooring and a fabulous kitchen image001_mlswith lots of counter and cabinet space. Formal dining room, cozy family room with fireplace, central air conditioning, new landscape and exterior paint, plus a wonderful backyard with firepit, and large grassy area. All this in a gated community with pool, spas, play areas, low HOAs and no mello roos! Offered at $769,000.

Features Include:

• 2275 square feet, 4 bedrooms, 2.5 bathrooms

• Filled with natural light image006_mls

• Cul de sac corner lot

• Custom paint

• Gated community

• New exterior paint

• Bright kitchen with Spanish tile flooring and center island, refrigerator included

• Formal dining room image020_mls

• Family room with fireplace

• Spacious master suite with large bathroom

• Upstairs laundry room, washer and dryer included

• Ocean peek-a-boo views from front facing bedrooms

• Cathedral ceilings in living room

• 3 car garage and extended driveway

image008_mls• Great backyard with pavers, big firepit seating area and large grassy side yard

• New landscape

• Low HOAs ($139/month) and no mello Roos

• Community pool, spas, tot lot, exercise lot

• Carlsbad School District

• MLS number 140049335

For more information please call Rachel LaMar, agent at 760-310-9466, or click here to visit the property website.  CA BRE Broker license number 01399682.

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“Spoofing” is a Scary Trend Amongst Teens

Saturday, February 22nd, 2014

I just wrote the following article in the Carlsbad Patch, and thought it important to share it with readers of my blog as well, especially if you are a parent. Please share the following information with any parents you know:

Spoofing is a new form of identity assumption that is growing in popularity with many teens, and it can have criminal consequences. If you are a parent and you have not heard of spoofing, please read on. Spoofing enables someone, via downloading an app, to enter someone else’s phone number and name into the app, so that when that person makes a call it looks like the person whose identity has been assumed is the one who is calling.

Apparently this is happening more frequently and the possible consequences are nothing short of alarming. I had a crash course in spoofing because this is happening to my daughter and her friend. The caller ID shows the girls’ numbers, and the caller is identifying herself as the girl whose number she assumed (for example, Jane Doe’s number and name pop up when the phone rings, but Jane Doe is not the one making the call and it is not coming from her number).

If you or your child is the victim of spoofing, you need to do two things. First, you need to report it to the local police. They cannot really do anything specific other than take a report, but at least it will be documented in case something should happen and your child is accused of doing something s/he did not do.

Next, you need to call your cell phone carrier. They have ways to find out who is doing the spoofing, via a subpoena of the phone records. Once the number is found from where the calls originated I am not sure how the carrier proceeds, but I will write a follow up blog once I know.

The most important lesson to learn from this new scary identity assumption tactic is to speak with your children about it. Let them know that this is a crime, and that if it happens to them they need to let you know immediately. Many kids may think this is just something fun, but they need to know there can be consequences and that this can be considered criminal.

I will be speaking with the Carlsbad Unified School District next week to try and implement a program that gets this information out to all middle school and high school aged children. I will also be speaking with local officials so that we can educate the general public about this growing problem.

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Happy Holidays and Happy New Year!

Friday, December 20th, 2013

I wanted to wish all my readers and clients a very happy holiday season, and a New Year filled with love, joy, laughter, prosperity and most of all, peace.Happy holidays

My blog will be dark over the holidays, but I look forward to providing you with more great real estate news and musings in the New Year. If there is any pressing news I must share I may do so before then, but if not…


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Current Housing Market Challenges

Friday, October 4th, 2013

We all know that the housing market has been in recovery, and in most areas like here in San Diego, things are looking pretty positive. However, there are some challenges that face buyers and sellers in any market. Let’s take a look at some of those that should be considered now if you are a buyer or seller.

The Government Shutdown: This is definitely having an affect on the market. As mentioned in my last post on this topic (click here to read the post)  , if this nonsense is resolved quickly there should not be much to worry about. However, if it goes on for some time there could be problems surrounding loans, loan verification, interest rates and other issues. Let’s keep our fingers crossed that the nincompoops creating this mess can sort it out.

Buyer and Seller Apprehension: Aside from the shutdown, this can be a time of apprehension for many buyers and sellers. That is because the market is “in recovery.” Many people still many not feel comfortable with this fact, and may choose to “wait and see” what happens down the road. The problem with this logic is that people may miss the proverbial boat. When the market is strong and interest rates are still low, and if you are a buyer this is the time to get serious. No one knows what will happen as we head into the new year, but I and many other agents, as well as other industry experts, expect that rates will rise. This could possibly price some buyers out of the market and lower inventory levels.

dreamstime_1960863As for sellers, prices have increased substantially in most areas. Those buyers out there are serious, as we head out of the summer “buying season.” So if you are thinking of holding on until prices rise higher, you may be out of luck heading into the new year, since rates could rise, causing many buyers to have to reconsider the types of homes they can comfortably afford. Also, as I and many others have predicted, moving forward I do not believe that we will see price increases such as those we have seen in the past months; rather, prices will likely level out and “normal” market increases will prevail over the next few years. The grass always seems greener on the other side, but when things are strong that is the time to act if you are thinking of selling.

Low Inventory Levels: Inventory still remains low in many areas. Even though we here in San Diego did see a slight spike in the summer months, the pickings out there on the market are still slim. As we head into the holiday season it is doubtful we will see jumps in inventory. As for the Spring “selling season,” so much is unknown and there are many factors that could affect the market – interest rates, the economy, the debt ceiling, jobs… If you are a buyer and you find a home you love and can afford, now is the time to jump on it in my opinion. Similarly, if you are a potential seller now is a great time to sell, while it is technically a “seller’s market;” that could change if rates go up.

Financing Difficulties: It is still tough out there for many buyers to obtain loans. The big lenders have been cracking down on requirements for qualifications, and there is news that it may get even tougher to qualify. From personal experience many loans seem to be taking longer on the approval and funding ends, and it is not uncommon for escrows to close later than expected. If lenders do start to scrutinize potential borrowers even more heavily, this will obviously have an affect on the market and the numbers of sales. If you are qualified now and ready to purchase, my suggestion is to get out there and find the right home before it gets harder to borrow money. Of course it will also affect sellers exponentially if there is a smaller pool of qualified buyers out there.dreamstime_5173354

Appraisal Problems: Luckily I have not had appraisal issues this year on my sales or listings, but I have heard of many agents who have. For a while it seemed that appraisers started “catching on” to the price increases, and they seemed to be a tad more lenient in blessing prices that were higher than comparables. But now that price increases are starting to slow and there are still sellers out there putting their homes on the market for prices above comparables, we could start to see appraisal issues creep up once again. To read more on how to deal with appraisals that do not come in at value, click here.

The real estate market will always ebb and flow, and no one has a crystal ball. The best advice when considering whether to buy or sell property is to hire an experienced local area agent and learn as much as you can about the market. I also recommend speaking with your accountant and financial planner as well. As with any important decision, the best thing you can do to assure you make smart choices is to get educated.


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