Positive Outlook is Refreshing...

We have gotten used to the news about Real Estate Market not being favorable so the change in print headlines is refreshing. California is leading the real estate market out of the recession with San Diego being one of the biggest leading areas. Union Tribune reported 14.7% increase in resale prices and activity over the past months have been brisk and being in the trenches, I could sense this urgency. Loan interest rate is cooperating even as lending standards remain tight. Once the tax credits expire, we should anticipate a slowdown. Foreclosure and short sale inventory is still allowing many investors/first time buyers to acquire great homes at good prices. For more information on buying, selling, or renting out an income property in San Diego, please call Frank Rashid's cell phone at (858) 676-5250 or email him at rashid@rashidrealty.com. More on this within the next couple of weeks.

Consumer Confidence is coming back

Current market conditions are seeing a definitive pickup in sales. The general first quarter numbers were off the charts given that we have just come out of the woods with the recession and all. This tells us that consumer confidence is coming back. The First Time Buyer credit helped drive the market but more importantly, we have started seeing more equity sales which are now coming back and this will help further the market to a better place. California tax credit is anticipated to help in keeping the sales going through end of June. Investment opportunities continue to remain available. Low interest rates + Good monthly rents. Consider exchanging a residential rental condo into a multiplex or combine forces with a friend and partner with each other to pick up a multifamily unit residential income property. For more information on buying, selling, or renting out an income property in San Diego, please call Frank Rashid's cell phone at (858) 676-5250 or email him at rashid@rashidrealty.com. More on this within the next couple of weeks.