Broker's Corner 1.6.15

The local market starts off 2015 with increased activity!

Ray Shay Broker/Owner Shay Realtors _

 

I think 2015 is going to be a very busy year!  I say that because as the ball dropped in New York City our web traffic and phone calls about our currently listed homes has bumped up significantly.  

Maybe it is the low gas prices or the feeling that our economy has some traction that is leading to this surge in activity. If you are thinking of investing in homes or are looking to upgrade to a new build, be sure to give us a call. 

In the next few weeks we will be putting about a dozen homes on the market at a wide variety of price points. They range from single level homes to estate homes on eight acres with fabulous views. 

Our clients seem to enjoy getting "first looks" before they hit the market. in case you are interested put one of our eight highly qualified "Buyer's Specialists" to work for you.  Don't forget their services are completely FREE because the seller always pays their commission.

Have a great week! 

Ray Shay 858-449-4970

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Broker's Corner 12.16.14

Confidence of Home Buyers is Up!

Ray Shay Broker/Owner Shay Realtors _

 

In a nationwide survey, 36% of homeowners believe their homes will be worth more next year than the current year.  This is a significant increase from previous years.

There is also a pervasive belief that interest rates will rise in 2015.  I believe the US Government knows if interest rates increase too quickly, the housing market will slow and possibly slide. I don't think there is anyone that wants to go there. 

Several of our clients are buying properties that generate cash flow.  If you are interested in investing in apartments or homes, give us a call.

Ray Shay 858-449-4970

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Broker's Corner 12.2.14

Great Time to Buy a Home!

Ray Shay Broker/Owner Shay Realtors _

It's a great time to buy a home!   You think Cyber Monday or Black Friday are great times to buy?  Well they can be.  I will also tell you with so many people focusing on the holidays, it is a great time to get a deal on a home.


It is a combination of the historical low interest rates and increased home inventory.  The first of the year brings out more buyers and the increased competition tends to make it more difficult to close the deal at a sweet price.
 
If you are interested in looking at what's out there be sure to give me a call.  We have an amazing team of Buyer's Specialists.  

Ray Shay 858-449-4970

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Broker's Corner 11.25.14

Competition in the Local Real Estate Market

Ray Shay Broker/Owner Shay Realtors

The local residential real estate market noticed a significant line up change recently, when Real Living Lifestyles closed their doors to several of their

offices in the area.   It will be interesting to see what other national brands will be doing in the spring in an attempt to gain market share on private real estate brokerages like Shay Realtors. 

I think the competition will refine what real estate companies will be in the future, being an expert in an area and providing exceptional service will never go out of fashion.  Look for some exciting news from Shay Realtors in the first quarter of 2015! 

Ray Shay 858-449-4970

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Broker's Corner 10.28.14

Local Home Sales Note Some Price Improvements! 

Ray Shay Broker/Owner Shay Realtors _

There has been lots of price improvements on homes in the area.  In case you do not know the current lingo describing a "Price Improvement" is really a "Price Reduction."   It's a pretty good way to market a price reduction and drive additional activity to a home. 

There are several things that are leading to a slowing market. The first is the substantial gains over the last two years.  Home prices had to "cool" or the market would be too overheated and ultimately bust.
Secondly, there is increased inventory by more people finding they have equity in their homes and the large number of new homes being built.  

Finally, it feels like take home pay has not suddenly improved and the costs of owning continues to increase.  These elements and typical slowdown at the holiday season are all impacting sales. 

Each circumstance is different.  Don't hesitate to give me a call if you have any questions. 

Have a great day!

Ray Shay 858-449-4970

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Broker's Corner 10.21.14

The Housing Market is Slowing 

Ray Shay Broker/Owner Shay Realtors _

As we approach the holiday season you can feel the slowdown in activity and value cooling.  It was inevitable and it is really a good thing it is here.  The housing market was running too hot for too long.  It could not continue the pace it was on. 

I think you will be seeing a more normal market in the foreseeable future. This week with the problems in the stock market pushed the 30 year fixed interest rate to below three percent.  The rush for refinancing is on.

With the housing market slowing and interest rates dropping it is a great time to buy or to move up.  If you are interested in talking about current market conditions and options available, just give me a call. 

Ray Shay 858-449-4970

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Broker's Corner 10.14.14

Home Ownership and Stock Market Volatility

Ray Shay Broker/Owner Shay Realtors _

If you have never heard of "VIX" it is an indicator of stock market volatility, (click here for explanation). When it exceeds twenty points, it means most people are running for cover and/or calling their financial advisor as their stock portfolio has likely dropped like a lead balloon. Many investors also look at the same information and see it as a great opportunity to buy stocks.  See yesterday's graph of the Vix from about ten am to four pm: 

What I find interesting is we have many clients who have invested in multiple residential properties that generate monthly income. Values of homes rise and fall, but the volatility is significantly less than the market, which makes many of our clients very happy.  

Think about diversification and possibly buying investment properties.  If you had done so last week, you would not be staring at your stock portfolio wondering where you went wrong. 

If you have any questions on VIX or other investment strategies feel free to email our trusted financial advisor Michael Jennings at michael22258@msn.com.

Ray Shay 858-449-4970

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Broker's Corner - Local Housing Market Trends

Ray Shay Broker/Owner Shay Realtors _    The local housing market is still increasing in value, but it feels like a large train that is definately slowing down.  It is especially true for homes which are over a million dollars in value. Where is the market headed?  There are several causes for the slow down. In my opinion some of the main factors are increased inventory, the substantial gains we already achieved over the last few years, stagnant employment in San Diego County and there are simply only so many buyers for all these homes hitting the market. It will be interesting over the next six months as local builders place so many new homes on the market.  Standard Pacific is a very reputable company that builds excellent homes which they stand behind. For worry free buying they are a good play. I just hope the Fed's don't let interest rates rise.  If that happens so many buyers will be removed from equation because they cannot qualify.  That will cause such drag on the home ownership train that it could slow or even stop. If the train feels like it is on a hill it could also slide back down.  Don't hesitate to call me or stop by one of our three locations if you have any questions.  Ray Shay 858-449-4970 This information is copyrighted and cannot be reproduced or distributed without the express written consent of Shay Realtors Inc.

Broker's Corner - Knowing the Housing Market by Ray Shay

Know the Housing Market 

Ray Shay Broker/Owner Shay Realtors _

I can't tell you how many times I wrote about it, talked about it, and reminded our clients, friends and strangers, that the market was ripe for buying.  Many of them listened and they saw their investments increase substantially over the last two years.

Another reminder of the improving housing market came out this week when Realty Trac confirmed that the number of residential properties repossessed by lenders by way of foreclosure in August declined on a year-over-year basis for the 21st consecutive month.

When your thinking of buying or selling a home speak with a full time Realtor that is especially familiar with the local market.  It is worth the phone call.


9.16.14

Broker's Cornerby Ray Shay

Ray Shay  Broker

The local housing market is very dynamic and still tilted towards the seller. If you are looking for a new build in the Del Sur Community be sure to take a look at the following video.  It is of the Descanso Development of Brookfield Homes. 

 

Our team of Home Buyer Consultants provide outstanding representation in the purchase of both new and re-sale homes. Give us a call for a confidential discussion of opportunities to sell your current home and participate in our "move-up" program.

 

The Descanso location is both unique and amazing.  Take a look

Click Here for Aerial Video 

Ray

Local Market Update:      

We can provide you with custom weekly reports. You will find easy-to-read graphs with statistics, and valuable information broken down into bite-size pieces about current market trends specifically for our 92127/92129 zip code. Call us at 858.449.7355 or email us today for your custom condo or single family home report.

Broker's Cornerby Ray Shay

Ray Shay Broker/Owner

The latest news on local real estate by Ray Shay, Owner/Broker 

 of Shay Realtors

HOUSING SHORTAGE

There continues to be a shortage of home inventory as we approach the busy season.  It is especially tight below 800K.  If your thinking of buying or selling give me a call on my cell phone at 858.449.4970. 

PREP KITCHEN

We have four amazing Buyer's Specialists, (Amber, Kendall, Paul and Yolanda) and we are looking to hire one or two more.  What is interesting is they are so focused on home buyers that they stay up on all the latest.  The photograph is an example of their expertise.

There is a new development in the area that is building some pretty unique homes.  In addition to three car garages and cool outdoor rooms, they also have "prep kitchens" as indicated on the foundation markings below.  If you are in to looking and like the idea of some extra room to prepare for dinner, give us a call and we will hook you up! Remember that sellers always pay the commission so you get the best of the best in service for FREE!

 

Ray

858.449.4970 

Local Market Update     

We can provide you with custom weekly reports. You will find easy-to-read graphs with statistics, and valuable information broken down into bite-size pieces about current market trends specifically for our 92127 zip code. Call us at 858.449.7355 or email us today for your custom condo or single family home report.

Broker's Cornerby Ray Shay

The latest news on local real estate by Ray Shay, Owner/Broker 

 of Shay Realtors

HOME INVENTORY IS LOW

Local home inventory remains low.  If you are thinking of selling your home it may be the right time.  Due to limited inventory we are frequently seeing multiple offer situations that result  in a higher sale price.  Give me a call if you have any questions or want a confidential market evaluation of your home.

LOAN MODIFICATION CRIME!

Please keep in mind it is a crime for someone to solicit funds from you or accept funds for a loan modification prior to it being approved.  If you live in the City of San Diego or Poway there is a special prosecution unit in the San Diego City Attorney's Office that is prosecuting these criminals.

If you want more information please give me a call.  Be sure 

Gretchen is now a licensed notary!

not to pay someone, until the rare case where the loan modification has been approved.

GRETCHEN BECOMES LICENSED NOTARY! 

I would also like to congratulate Gretchen Schniepp on our team for becoming a licensed notary.  It is just another service we are happy to provide our clients.

Way to go Gretchen!  

 

Ray

858.449.4970 

Local Market Update     

We can provide you with custom weekly reports. You will find easy-to-read graphs with statistics, and valuable information broken down into bite-size pieces about current market trends specifically for our 92127 zip code. Call us at 858.449.7355 or email us today for your custom condo or single family home report.

Broker's Cornerby Ray Shay

Ray Shay Broker/Owner

The latest news on local real estate by Ray Shay, Owner/Broker 

 of Shay Realtors

Del Sur is Booming!!

I can't emphasize how important it is to use a real estate professional when you are considering a new home or a re-sell  purchase. So much to consider including varied tax rates, what is really hot and what is not. Also what developments are just around the corner.

You won't see the floor plans yet, but Brookefield Homes are starting to build their new models for their Descanso Development. Earlier this week, I could count almost two dozen earth movers rapidly carving out new home developments in Del Sur.

The Descanso homes will have more bathrooms and in many cases more garage spaces than their competitors. 

 

Keep in mind our highly trained Buyer's Specialists Paul, Yolanda, Amber, and Kendall are experts in this area and the selling builders pay their commission.  Why go alone when you can have an expert Realtor working for you?

Ray

Local Market Update     

We can provide you with custom weekly reports. You will find easy-to-read graphs with statistics, and valuable information broken down into bite-size pieces about current market trends specifically for our 92127 zip code. Call us at 858.449.7355 or email us today for your custom condo or single family home report.

Broker's Corner

Ray Shay Broker Associate

The latest news on local real estate by Ray Shay, Owner/Broker 

Associate of Shay Realtors of REMAX Ranch and Beach
#1 in home sales in 2009, 2010, 2011 and 2012.

Congratulations to the Hawks on their beat down of the Bronco's. What do they say, "On any given day?" I thought the best part was the advise Russ Wilson the quarterback of the Seahawks received from his dad growing up, "Hey Russ, why not you?" I think meaning anyone can be the best in the world if they just commit themselves. Great advice coming from a mom, dad, brother or sister.... Never limit what you can achieve.

Let's get back to real estate. Micro Housing is something you will be hearing more and more about. As our children go off to college and making their way in life, housing will always be tough. In Seattle and other towns across the United States you are seeing people increasing calling home about 200 square feet that contains a bed, kitchenette, bathroom and a place to turn around. With rents about $700.00 a month in metropolitan areas they're tough to pass up.  To read more, click here...

Local Market Update     

We can provide you with custom weekly reports. You will find easy-to-read graphs with statistics, and valuable information broken down into bite-size pieces about current market trends specifically for our 92127 zip code. Call us at 858.449.7355 or email us today for your custom condo or single family home report.

Broker's Corner

The latest news on local real estate by Ray Shay, Owner/Broker Associate of Shay Realtors of REMAX Ranch and Beach - #1 in home sales in 2009, 2010, 2011 and 2012.

Today's Broker Corner is a bit different, but it still applies to our area  homes and their increasing value. Theresa and I have been

in Santaluz countless times over the past few years showing and selling homes or meeting with our friends and clients. But just last week, I happened to golf on their private course. It was incredible. Not just the amazing golf, but amazing scenery and truly amazing customer service. 

   

In the course of the round I saw some really nice homes being built overlooking the golf course. I would guess there were at least 17 multimillion dollar homes being constructed. 

Thanks, Ann! Awesome day.

A few of the homes are being built for the ultra rich and are reflected by the beautiful architecture and use of native plants that are a big part of being a resident of Santaluz. I am purposely declining to identify these residents and feel it is more important to note that our area is highly sought after from buyers both inside our country as well as outside.  

 

It feels like Santaluz is coming into their own and the community and home values will only go up. If you need more information on joining the club visit Kelly at Santaluz. She will take great care of you. Keep in mind you do not have to live in Santaluz to join. 

Santaluz is one of the most beautiful golf courses I have ever played.  - Ray

 

Local Market Update     

We can provide you with custom weekly reports. You will find easy-to-read graphs with statistics, and valuable information broken down into bite-size pieces about current market trends specifically for our 92127 zip code. Call us at 858.449.7355 or email us today for your custom condo or single family home report.

Broker's CornerRay Shay

The latest news on local real estate by Ray Shay, Owner/Broker Associate of Shay Realtors of REMAX Ranch and Beach - #1 in home sales in 2009, 2010, 2011 and 2012.

I know the 20 percent increase on home values in the past year has many people smiling in our town, but let us not forget there are many homeowners who are still upside down on their homes. If you are one of them be sure to look at your calendar. 

    

The reason is that some of our state and federal governments HAFA programs that include mortgage forgiveness provisions are set to expire on December 31, 2013. It is unknown if these buyer protection provisions will be extended for another year. If you are on the "bubble," please give us a call. You want to avoid deficiency judgments that will result in unplanned tax consequences. All conversations are strictly confidential. 

 

Local Market Update     

We can provide you with custom weekly reports. You will find easy-to-read graphs with statistics, and valuable information broken down into bite-size pieces about current market trends specifically for our 92127 zip code. Call us at 858.449.7355 or email us today for your custom condo or single family home report.