Housing Optimism Is Back Up to 2006 Levels...

by qinfovio 13. January 2015 15:07

Good afternoon,

I want to bring and share with you even more good information concerning our real estate market. I attach an article from Steve Stuggerud questioning 

"Housing Optimism Is Back to 2006 Levels". I get another update from him this morning that he is putting his money into real estate.

I think that it was a year and half ago that Porter Stansberry shared with us saying oil price will be dropping in the mid $40.00. It did quietly the opposite

when he said it, went up all the way to $140.00 and I have to admit that now he was right.

We have all the good reasons to expect home price to goes up looking at the article on the right mentioning the reduction of the Mortgage Insurance Premium MPI. But I will prefer to change it and call it to Mortgage Rate Insurance that will be reduce from 1.35% a year to 0.5% soon and  I don't know if the ones already be in place will be benefit from this adjustment.

When I read premium, I think payment but in this case, it is a rate.

                                                            _____________________________

A good tip that I can share with you and mostly if you are planning to sell a house in Carmel. Since Carmel has no street number in his one square mile radius, the best way for us to locate your property is with cross street. And I think Carmel has 1 to 17.

 

As last week, I try to locate one property during the tour with address 0 Perry Newberry & Escolle Way. I could not find it, went back to the office and the cross St was 2Rd. 

That was another property in PG that was in the same case; be sure that your agent put a major cross St. If I cannot find it, I doubt your buyers will find you.

This one is the  best deal  due to location, condition, nice private backyard all paved.

601 Mar Vista Monterey $649,000

 

I like this street in Del Rey Oaks, one block over Portola street…no noise from hwy 68 traffic20 Quendale Ave Del Rey Oaks $449,000

They did a right move in this condominium complex, it is now all gated, camera but they will need not to release code gate to anyone to get in.

820 Casanona unit 54 Monterey $319,9000

 

I did not find that one, had no cross street.

816 Gate St Pacific Grove $1,199,000

 

This one is right with the price.

1119 Piemont Pacific Grove $595,000

 

This last one has fantastic views, one of our listing, cul de sac, no street traffic.

1249 Luzern Seaside $395,000 Views, Views, Views

 

Thank you and I will see you next week!

Christian Viollaz
Chez Christian Real Estate
BRE#01318338
 

01.13.15 NOD List.pdf (56.48 kb)

01.13.15 REO 3 Rd Party.pdf (46.92 kb)

01.12.15 DW Housing Update Stansberry R.pdf (90.32 kb)

Tags:

Economics | General | Health | Real Estate | Real Estate Economics

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10/19/2015 6:39:01 AM #

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