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| Aug. '05 |
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Welcome to the "Mid-Summer" edition of the San Diego Market Focus Newsletter. We have all been hearing the term "Bubble Burst?" lately, but what does that really mean and is it something we should even be worried about? This month's newsletter includes a very good article that gives us a good "point of reference" when talking about the "B" word. Also included in the newsletter is a great marketing piece on "The Living Trust; What you need to know" as well as an updated San Diego County Zip Code guide. Enjoy. |
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Living Trusts - What You Should Know
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San Diego Zip Code Directory
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Click Here.
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Is This The Face of a Bubble?
It's official. The New York Times has reported that the Denver real estate market has slowed. What could this mean for the rest of the country?
"Sellers continue to profit," says the paper, but "houses are sitting on the market longer, buyers are negotiating harder, and some owners, particularly young buyers who may have been counting on rapid appreciation, are postponing dreams of renovations, moves to larger homes and big savings for their families." (See: Housing Goes Frothy to Flat in Denver Area, July 17, 2005)
The Denver results are neither shocking nor horrifying. What they show is that real estate is simply a localized commodity and that commodity prices can rise and fall.
The National Association of Realtors says that Denver homes in the first quarter of this year were priced at $236,000 versus $231,800 a year earlier -- that's an increase of "just" 1.77 percent.
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