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

This information is copyrighted and cannot be reproduced or distributed without the express written consent of Shay Realtors Inc.     

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 by Ray Shay

Consumer Confidence Increases

Ray Shay Broker/Owner Shay Realtors _

  

A recent survey showed that about 90% of Americans feel that buying a home is an important part of achieving the American Dream. 

These same respondents indicated that about 64% of them felt owning a home was an attainable goal. This is a significant increase from last year when just over 40% of people surveyed believed it was possible.  

This dynamic has resulted in more homes hitting the market as values continue to increase, but at a slower pace than prior years.   Another interesting aspect of the local market is the large number of

new homes which will be hitting the market over the next 18 to 24 months.   

If you have any questions on what is going to be built, just give me a call. It is really a large and diverse line of properties hitting the market soon.

Ray Shay 858-449-4970

9.23.14

    

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

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.