No News Is.....

“For most folks, no news is good news; for the press, good news is not news.”

– Gloria Borger

Dear Friend,



You hear the bad news everywhere you turn. It’s on the television, the Internet, the radio

and in print headlines. What you don’t hear is the good news about the real estate market.



Bad news sells newspapers and gets high television ratings; therefore, the media has no reason

to report the upside of today’s real estate market to the average American. This is where I

come in. For example, did you know that approximately 30 percent of homeowners own

their home free and clear?



The current market also affords some great opportunities for those looking to purchase a

home. First-time homeowners, move-up buyers and investors can all benefit from low home prices, large selection and historically low interest rates.



In addition, the government recently approved a First Time Buyer Tax Credit, up to

$8000, that does not require repayment if the borrower resides in and maintains ownership

of the property for at least three years. Regulations do apply and can be reviewed at www.federalhousingtaxcredit.com, or just give me a call and I will be happy to discuss

it with you.



Call me to hear more about the good news in today’s housing market. I can’t wait to share

it with you.

To view the article click here

55+ Tax Transfer Ruling

Provided by California Assocation Of Realtors


Ordinarily under Proposition 13, the value of a home for property tax purposes is re-assessed to market level whenever a change in ownership takes place. This usually results in higher property taxes for the homebuyer.

Proposition 60 is a law passed by the state's voters in 1986. It allows seniors to keep their property tax base assessment when they move within the same county. Proposition 60 does not require passage by a local municipality.

In 1988, the state's voters approved Proposition 90, which is designed to induce greater turnover of homes owned by senior citizens. The measure provides anyone over the age of 55 with relief from Proposition 13 by allowing them to move from one county to another without undergoing a change in their basic property taxes.

Proposition 90 is a "local-option" law; each county has the option of participating. If a county has adopted a Proposition 90 ordinance, it accepts transfers of property tax base assessments from other California counties. If the county that the homeowner is moving from does not have a Proposition 90 ordinance, this does not affect the eligibility of the homeowner. Homeowners seeking to transfer their property tax base assessment must verify that the county to which they are moving has a Proposition 90 ordinance.

Market Statistics

Market Statistics

Know Your Market……



Active listings as of Friday, June 12:



MRMLS: 17,391

Sandicor: 10,278

SoCalMLS: 17,077



SFR and Condo Activity from May 31 - June 6.



New Actives:

MRMLS: 1,383 Sandicor: 762 SoCalMLS: 1,134



New Pendings:

MRMLS: 1,571 Sandicor: 877 SoCalMLS: 849



Closed Sales:

MRMLS: 1,397 Sandicor: 623 SoCalMLS: 815

Staggering Numbers

If you follow my blog you will find I post these statistics often. These numbers show you how the Sandicor MLS, Multiple Listing Service of homes on the San Diego Multiple Listing service for one week. Our inventory has dropped to an amazing low which would explain why last week when I wrote an offer for my clients we were 1 of 42 offers. If your thinking of listing your home now would be the time especially if you own your home. Many buyers are trying to steer clear of short sales due to there response to buyer offers. Bank owned or foreclosure homes are quicker to receive a response but the competition is staggering as my above example. Please feel free to contact me to assist you with any questions you may have in regards to buying or selling in this market.

Active listings as of Friday, May 29:

MRMLS: 18,252

Sandicor: 10,996

SoCalMLS: 17,683

SFR and Condo Activity from May 17 through May 23.

New Actives:

MRMLS: 1,196 Sandicor: 693 SoCalMLS: 1,091

New Pendings:

MRMLS: 1,476 Sandicor: 906 SoCalMLS: 706

Closed Sales:

MRMLS: 1,307 Sandicor: 630 SoCalMLS: 806

Market Statistics

I am happy to report that that homes that were pending meaning put into escrow is exceeded the homes that were listed on the market. The San Diego MLS is listed as Sandicor. The MRMLS is for Riverside and SoCalMLS is for Orange County.




Active listings as of Friday, May 1:

MRMLS: 21,903
Sandicor: 14,723
SoCalMLS: 19,362

SFR and Condo Activity from April 19 through April 25.

New Actives:
MRMLS: 1,381 Sandicor: 791 SoCalMLS: 1,250

New Pendings:
MRMLS: 1,565 Sandicor: 930 SoCalMLS: 818

Closed Sales:
MRMLS: 1,240 Sandicor: 604 SoCalMLS: 689

Could The Market Be Coming Up??!!

Below you will find the inventory for the multiple listing service. San Diego's is Sandicor. The activity below is for the week of 3/22- 3/28 and for the first time in awhile the pending sales at 1000 exceeds the New Active listings at 925. I think this is just another sign the market is turning around. Should you like to find out more please call me at 760 533 4551

Active listings as of Wednesday, April 1:

MRMLS: 25,169

Sandicor: 15,471

SoCalMLS: 21,253

SFR and Condo Activity from March 22 through March 28.

New Actives:

MRMLS: 1,486 Sandicor: 925 SoCalMLS: 1,175

New Pendings:

MRMLS: 1,724 Sandicor: 1,000 SoCalMLS: 839

Closed Sales:

MRMLS: 1,175 Sandicor: 580 SoCalMLS: 734

Great Opportunity For 1st Time Buyers

Thursday, April 2, 2009 the Housing Affordability Fund will launch a new program designed to provide peace of mind to first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage obligations.
To be able to qualify for the Mortgage Protection Program, applicants must:. · Be a first-time home buyer – someone who has not owned a home in the last three years. · Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009 · Use a California REALTOR® in the transaction · Purchase the property in California · Be a W-2 employee (cannot be self-employed or military personnel) To receive a copy of the application please contact me at 760 533 4551 or Bridget@SellingNorthCounty.com