real estate: Out With The Old; In With The New? - 01/02/10 11:03 AM
If you dislike reading and looking at statistical charts you may want to pass on this article present in www.venturacountyretalk.com.  However if charts are not disturbing then you will get an enlightning picture of Ventura County real estate for the immediate period (2009) as well as for the last 16 years (1994 through 2009).
Charts are used extensively because more information can be presented in a limited space.
The Ventura County real estate market has been choppy over the last year due in large part to foreclosures and the reverse of that.....new buyer credit.
Words however do not tell the story.  The … (0 comments)

real estate: Getting Lets????? Maybe! - 11/04/09 09:29 AM
It is too early to say that the trend in real estate is up.  Since March, 2009 it has been basically sideways.  The October uptick may suggest that despite the local and national economic woes real estate may do its own thing.
The September, 2009 down tick may have been a hic-cup in the overall trend but it does suggest that one be cautious before reading anything into the market.  It may have been a warning.  
Even with the warning one would expect that with high unemployment; lack of new job creation; new taxes on the horizon both Federal and State; the increase in State … (0 comments)

real estate: Real Estate Contraction....Ventura County. - 09/20/09 10:27 AM
Listings continue to decrease (1932 last week; 1859 this week); sales however climbed and it is probably due to the paper work being delayed in recording sales therefore the prices which had been going down now appears to have stabilized over the last  week.
The chart below summarizes the last weeks statistical numbers.  However events that truly move the market are headed in the opposite direction.
The County's high unemployment of 11+% certainly is a driving force impacting the real estate market.  Lack of new jobs creation is another impact source.  Consumer confidence is at a low point.
The media is … (0 comments)

real estate: Impact Is Starting To Take Hold.... Or Is It? - 09/07/09 01:24 PM
Again job creation (high paying), a decrease in unemployment are the necessary ingredients to propel the market upward.
Political double talk aside job creation and reduction of unemployment in California is taking on a monster stance.  Historically tax decreases helped to right the ship faster.  Today that does not appear to be tack being undertaken .....  all one hears or sees is that taxes have to increase across the board.  This option simply reduces the odds of getting the economy headed upward. 
As Donald Trump has stated on a number of occasions, we have to hand out pink slips to the … (0 comments)

real estate: Summer Doldrums.... - 07/12/09 12:48 PM
Normally at this time of year people who want to buy are out in full force looking and planning to move, and if they have kids, registered in their new school.  They want to get over with before school starts.  
But the economy has many people concerned about jobs so the norm has changed.
Until unemployment shows signs of decreasing (which it is not); until there are more new jobs being created (which isn't the case); and the general public show strong confidence in the economy (people are perplexed and are tending to decrease spending); the real estate market will tend to go sideways with a bias … (1 comments)

real estate: Real Estate Is Starting To Sparkel To….. - 07/05/09 01:49 PM
We are celebrating our 4th of July and many of us witnessed the sparkles in the night sky to remind us of our Country's birthday.
As with the Country's birthday real estate is now showing signs of sparkles as well.
Not with the dazzle of what we saw in the night sky on the 4th.  It is somewhat more mute in the market place but the amber's are there and when this side-way activity is complete there will a significant acceleration upward in home prices.
Items contributing to this price acceleration will include:
1.  Of course there is the pent up demand … (0 comments)

real estate: The Elephant Is Moving..... - 06/28/09 12:21 PM
As noted in this blog over the last several months prices are starting to creep upward.  Nothing  dynamic but the prices are solidifying the base that has been in effect since November, 2008. 
There will be some sideways but the worse is over.  In fact it has been reported recently that appreciation in Ventura County stands at 5.8% since the beginning of the year.  You will note on the chart above that one should expect an 8.7% increase for 2009.  In 2010 the appreciation will increase to 17.9%.
The two things needed for the real estate market to really explode upward are new job creation … (5 comments)

real estate: We Got What We Wished For....It Isn't Very Nice! - 05/24/09 01:57 PM
Things are looking brighter and the market is getting stronger.
Mentioned a number of times is the jack-in-the-box scenario that is forming now.
Listings have decreased significantly over the last 18 months (from 5,250 in November 10,2007 down to 2,069 as of May 23, 2009:  approximately a 50% decrease).
Sales in Ventura County have increased 32% in 2009 compared to the same comparable period of 2008.
This year there have been 2,852 sales for the period January 1 through May 23, 2009; for the same period in 2008, there were 2,161 sales.
There is a squeeze occurring.  We have a commodity (homes) and there is a … (2 comments)

real estate: People Are Talking - 05/10/09 03:21 PM
Article shows that the Ventura County market is doing well and the real estate forecast is upbeat especially for years after 2012.  Noted are some economic issues that will not hurt real estate directly but they will impede and forestall significant single family home price increases for a period.  Also the article illustrates the price breaks (by area) which has made this market what it is since the beginning of the year though May 9, 2009.
Overall the market is going to be excellent starting the last quarter of 2009.  However significant unemployment and the lack of job creation will not … (1 comments)

real estate: Watching Grass Grow. - 04/26/09 06:43 PM
There is a lot of BS going on in government with deflective stories being written to turn people's attention away from our economic problems and creating bigger government. 
Words uttered by any Federal or State representative should put one on guard.
What is being said is to make people feel good; what is being done will make people sorry and at a point they think there isn't anything they can do.  
An example is the "rainy day set aside" proposal that California will vote on this May.  Sounds good to set something aside.  It makes one think that someone is taking steps … (5 comments)

real estate: Back In The Saddle. - 04/19/09 12:47 PM
A review of the political and real estate gyrations for the last several months.  But the real estate market is getting stronger in Ventura County and it like the rest of the Country will see a upside starting around September/October, 2009.  Prices will exceed the highs witness in the mid-2000's by 50% or more.
For the complete article go to:  www.venturacountyretalk.com.
(1 comments)

real estate: What A Difference A Year Makes/ - 03/01/09 02:12 PM
Summary article of the latest national real estate market; tax impact of mortgage interest not being a deduction and its' impact on the real estate market; and the surprise increase in sales within Ventura County this year as compared to 2008.
For complete article go to:  www.venturacountyretalk.com
(0 comments)

real estate: The Housing Package A Summary/ - 02/20/09 02:43 PM
This is a summary article of the stimulus package and it's impact on real estate and it's intent to keep families in their home.  This as everyone knows is a very expensive legislation and it is reasonable to assume that it will not be a quick cure for the real estate market.  Time will tell if it works.
Go to www.venturacountyretalk.com for the complete article.
(0 comments)

real estate: Fear Is A Great Change Motivator/ - 02/15/09 06:04 PM
Article discusses what the stimulus package contributed to real estate.  It also notes the changes announced by Freddie Mac and Fannie Mae regarding investors increase buyng.  Ventura County real estate is addressed noting that perhaps November, 2008 was a possible bottom for the County.
To read the full article go to www.venturacountyretalk.com
(0 comments)

real estate: Whats Next Doc/ - 02/01/09 01:50 PM
Commentary of Washingtons doings and its impact on the real estate market.  Noted were Ventura County January, 2009 monthly sales, compared with sales of the January, 2008.  Readers are directed to read the forecast for Ventura County for the year 2009 and beyond.
(1 comments)

real estate: The Enemy Becomes An Ally. WithChange There Is Hope! - 01/19/09 03:44 PM

Summary comments of the possible turn around of the credit market and its impact on real estate and the general econom.  With a new President (Obama) many hope he will resolve many if not all of our problems.  Hope is hope.  He he is just one person and he should be treated with respect by Congress, the media and people.
For complete article go to: http://www.venturacountyretalk.com/2009/01/19/the-enemy-becomes-an-ally-with-change-there-is-hope/ 
(0 comments)

real estate: Digging In. - 01/04/09 01:38 PM
Summary commentary of bail out funding taking place in the United States and the impact to real estate.  States have now entered into the fray of asking Uncle Sam for bail out funds.  It is expected that individual cities and communities will not be far behind in seeking such funds.
The impact to real estate may be small.  There is evidence that the bottom has been set and in general real estate Nationally as well as locally will show increases.
For complete article go to:  www.venturacountyretalk.com
(1 comments)

real estate: Out With The Old; In With The New. - 01/03/09 02:35 PM
Author summarizes Ventura County real estate activities and shows forecast for the county for 2009 and beyond.  Charts and tables are used to show growth rate in the County for the last 15 years and what can be expected going into the year 2022.
For investors a number of cities are cited as possible good investment areas.  Likewise within the State of California, listed are some cities that appear to be good investment areas. 
To see total article go to:  www.venturacountyretalk.com
(0 comments)

real estate: We Have Lost Our Compass. - 01/02/09 01:34 AM
An opinion of decade old problems that we will pass to our kids.  For complete article go to:  www.venturacountyretalk.com.
(3 comments)

real estate: Red Lining. Alive and Well in Real Estate. - 12/12/08 03:28 PM
An opinion of red lining in high foreclosure areas.
For complete article see:  www.venturacountyretalk.com
(1 comments)

 

John Duffner

Santa Paula, CA

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Focus on Ventura County weekly real estate with some commentary of National Real Estate activity.


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