Just a small reminder: Like politics, real estate is local! Make it so!

By
Real Estate Agent with HomeSmart Realty West CalBRE #01458572

Contact Jim Frimmer for all your San Diego real estate needsJohn Mulkey, the "Housing Guru" over in Waleska, Georgia, gets a lot of Featured Posts about the doom and gloom in the real estate market.

Rarely, if ever, is there a Featured Post with positive real estate news, so I'd just like to remind people that, like politics, real estate is local.

John's most recent Featured Post quotes David Stevens, head of the FHA, as saying that the real estate market is on life support, buoyed only by the federal government.

First of all, Mr. Stevens is presumed to be an expert, but I'm not sure we should really trust those experts anymore. What have they done for us lately?River Colony, Mission Valley, San Diego, California

Brought stability to the real estate market? Helped GM and Ford recover? Keep banks that are too big to fail from actually failing? All of which kept millions of people working? Okay, so maybe they are experts after all, but even experts make mistakes, which might be what got us into this mess to begin with. Should we even talk about "the experts" who were drilling for oil in the Gulf of Mexico?

Nevertheless, here in San Diego, we seem to be doing okay:

  1. The billions of dollars in federal tax credits and stimulus money that has come to San Diego has kept lots of people employed here in San Diego. Those employed people have been buying or keeping their homes.
  2. Year over year, home sales have been up or flat every month since July 2008.
  3. Year over year, the home median price has been up or flat for every month since January 2009, except for January 2010, which "the experts" blamed on our rainy weather and a seasonal slowdown.
  4. Welcome to Mission Valley!In some areas of San Diego county, the median home price has been increasing by 30-40% annually. The median in my farming area was up $90,000 from March 2010 to April 2010.
  5. Inventory is abysmal in many areas. The only thing left are the overpriced properties and the scrapers. Many of us are waiting for this shadow inventory to appear. "The experts" said it was supposed to be released in April-May 2009. Nothing. So they said it would hit in April-May 2010. Haven't seen it.
  6. Notices of Default were 2,105 in April 2010, about the same each month since November 2009.
  7. Foreclosures were 1,212 in April 2010, about the same each month since October 2008.
  8. Timely property tax collections are on the rise, with delinquency notices being sent out this month to the tune of 11,147 fewer notices than last year.

Now if anyone can predict the future, let me know. I need to win a lottery so I can retire. Until then, I'll keep working on my five-year plan.

For those who don't know what a five-year plan is, it's where you want to be in five years. Once you know where you want to be, you decide how to get there, the little steps that it requires during those five years. So I break my plan down into years, months, weeks, days, and sometimes even hours. Then, by working those hours and days persistently and consistently, I can avoid the doom and gloom that seems to affect so many people, doom and gloom over which I have no control. I do have control over my own little slice of the pie, called a niche market.

Just a small reminder: Like politics, real estate is local! "Make it so," Captain Picard just said at the end of the Star Trek: The Next Generation episode I was watching.

♫♪♫♫♪♫

If you're looking for a great San Diego Realtor, well,
let me Google one for you.

I'm available 24/7, so feel free to contact me by phone or email.

Jim Frimmer, Realtor
Century 21 Award Mission Valley
California DRE License #01458572
619-729-5701
jimfrimmer@century21award.com
Mission Valley Condos Information

♪♫♫♫♪

Try RusselRayPhotos.com for inexpensive, royalty-free photos.

Get your inexpensive photos at Russel Ray Photos!

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Donald Bradbury 05/26/2010 02:30 PM
Topic:
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Groups:
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Advice for Sellers
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CALIFORNIA DREAMING
Tags:
san diego county real estate

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Rainmaker
1,108,853
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Good morning, everyone! I never expected this post to get Featured. Imagine that!

For those wanting to know how to do the Google thing, I did a tutorial on it back in January. Here it is:

http://activerain.com/blogsview/1450154/let-me-google-that-for-you-

I just had time to read through some of the shorter comments since I have to get to a property showing. I'll back later to read through all the longer comments and respond to any other comments that have questions or otherwise need a response.

And just a quick thank-you to ActiveRain for the Featured Post. It took over 600 posts before I got my first one. I'm up to three now!

May 26, 2010 11:36 AM #19
Rainer
11,739
Leslie Neiss
Keller Williams Realty, McLean, Virginia office - Fairfax, VA

 

Agree!! I believe in the saying that with change comes opportunity.  It's up to us agents to be flexible and open and to be able to identify those opportunities in our specific locations.  We are bright, we are innovative, and we can provide our sellers and buyers the guidance they need to reach a successful conclusion to their real estate transaction regardless of the market conditions.  It's important to manage client expectations from the moment we first engage with them. 

Look at all the agent-to-agent support on ActiveRain alone, it's just amazing to have this resource on hand. It helps me to know that I am not alone in this.  Jim, thank you for emphasizing the positive! 

 

May 26, 2010 11:41 AM #20
Ambassador
2,036,450
Todd Clark
Keller Williams Realty - Beaverton, OR
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494

I would even go further and say it is hyper local as each neighborhood is different. We have some neighborhoods still in trouble, while others are in complete recovery mode selling like hotcakes.

May 26, 2010 11:49 AM #21
Ambassador
438,896
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I have been to San Diego and I can tell you that regardless of stats, I could live there. The desirablity of the market is still there and will be for years to come. Now about those politicians in Sacramento......

May 26, 2010 12:39 PM #22
Rainmaker
743,699
Sharon Parisi
Keller Williams Dallas Premier Realty - Dallas, TX
Dallas Homes

Yes, real estate trends are not only local, but micro local as well

May 26, 2010 12:50 PM #23
Rainmaker
660,997
Jim & Maria Hart
Brand Name Real Estate - Charleston, SC
Charleston, SC Real Estate

Hey, Jim. Way to go!!! I am with you on this one, way to keep the glass half full. Take care, Jim

May 26, 2010 01:41 PM #24
Rainmaker
180,399
Cameron Wilson
Labrum Real Estate - Murrieta, CA
The Short Guy - Murrieta,Temecula,Menifee California

I agree with you Jim as my market area is doing just fine with a slight increase in price.

May 26, 2010 01:56 PM #25
Rainmaker
836,679
Lyn Sims
RE/MAX Suburban - Schaumburg IL Real Estate - Northwest Suburbs of Chicago - Schaumburg, IL
Schaumburg Homes

Jim, went & did a post yesterday about the lack of FHA financing in my area. I was surprised to do a chart showing what type of financing was used over the last quarter. In one instance CASH was king. I think what everyone needs to do is check their local area & see what is truly going on.  We listen to a media that thinks 'collectively'. One area is like that, so they all must be.

As someone mentioned about about the 'big picture' - what if that is wrong?

 

May 26, 2010 03:09 PM #26
Rainmaker
270,168
Julie A. Black
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker

Wow Jim this is a great blog and what I really love is the "let me google one for you" link. It's cool. Is there a tutorial/link for that? Life/work is good on Kauai.

May 26, 2010 03:12 PM #27
Rainmaker
1,255,045
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

JIm

 

good information and a good upbeat post

May 26, 2010 03:18 PM #28
Rainer
147,153
Deborah "Dee Dee" Garvin
W. J. Bradley Mortgage Corp. - Carlsbad, CA
WJ Bradley Mortgage Corp.

Jim, great insight!  I, for one, am constantly amazed (and confused) when I see blog posts and editorials about all perceived negatives of the real estate market.  It's a little like giving a real estate or mortgage license to Chicken Little:  "The Sky is Falling, The Sky is Falling!"  I continously wonder how somehow can continue in our respective fields if we really believe all the negative in the media.

I appreciate your posting of the actual numbers in our area.  I absolutely it is the best time ever to buy real estate in SoCal!

May 26, 2010 03:29 PM #29
Rainmaker
542,279
Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

Keep up the positive attitude. I can't go around with the doom and gloom attitude. It just doesn't work for me.

May 26, 2010 05:42 PM #30
Rainmaker
239,051
Matt Grohe
RE/MAX Real Estate Concepts - Des Moines, IA
RE/MAX Des Moines

Jim: It's great to have a positive outlook and a five year plan. Cheers to you for that. It's also great to trend watch. Up or down, it's important to know the score.

May 26, 2010 09:18 PM #31
Rainmaker
583,342
Susan Neal
RE/MAX Gold, Fair Oaks - Fair Oaks, CA
Fair Oaks CA & Sacramento Area Real Estate Broker

Hi Jim -

Just stopped by to wish you a happy anniversaryHappy anniversary! my friend, and hope to see you if I get down there with Jon on his next trip - probably in September!

May 26, 2010 10:21 PM #32
Rainmaker
1,108,853
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Hey, Everyone - Thanks again for stopping by. I'm late getting home from my 16th anniversary celebration down on the waterfront, so I'll get my daily comments in and head to bed.

Just remember: Plan your work and work your plan! Persistently and Consistently, as my marketing guru likes to say, and he just happens to be the person I was celebrating my 16th anniversary with, so he must know that by which he speaks.

May 27, 2010 03:27 AM #33
Rainmaker
89,306
Lynn Krogseng
Keller Williams Premier Partners - Vancouver, WA

Happy Anniversary! And thank you for a great reminder that real estate IS local.  As Todd Clark is seeing in his area, we have some hyper-markets that are doing their own thing.  My dear step-mother often told me "you're as happy as you want to be" and I think it's true for our industry.  Heck, the whole nation.  And likewise, too bad 5 year plans aren't part of school curriculums.

May 27, 2010 02:57 PM #34
Rainmaker
270,168
Julie A. Black
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker

Thanks I do see your comment & link on the Google thing. Congrats on your featured post.

May 27, 2010 07:45 PM #35
Ambassador
1,371,259
Robert (Vegas Bob) Swetz
REALTY ONE GROUP - LAS VEGAS, NEVADA 702.443.7156 - Las Vegas, NV
Commercial & Residential Real Estate Agent

Well hello again Jim and you can't get away from me my friend and some great words you have written on this post, great enough to be featured by "The Gods"

And I hope you don't mind if VB keeps this post alive with a feature at one of my favorite groups at AR .....

CALIFORNIA DREAMING 

VB ;-)

 

May 29, 2010 01:48 AM #36
Rainmaker
351,538
Damon Gettier
Damon Gettier & Associates, REALTORS- Roanoke Va Short Sale Expert - Roanoke, VA
Broker/Owner ABRM, GRI, CDPE

I don't know what makes me happier, you stating that his blogs are so negative or the fact that you were featured stating that he is constantly featured and negative. 

I tire of reading short, unattractive blogs of negativity.  One of these days I will understand how some people constantly get featured and others do not.

May 29, 2010 03:35 PM #37
Rainmaker
1,108,853
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Hey, Everyone - Thanks for stopping by and taking the time to comment.

I'm trying to catch up on all my blog posts since I've been neglecting the, for good cause, though, since I've been busy.

Since this post is quite old, I won't respond to each and every comment. Rather, I'll read through all the comments and respond to any that have questions or otherwise need a response.

I'll also be by your blog soon to return the favor by reading your posts and leaving comments, too. Do unto others as they have already done unto you. lol

Again, thanks for stopping by and taking the time to comment. Make it a great day, a great week, a great month, and finish out 2010 on a natural high!

Jun 08, 2010 11:01 PM #38
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Jim Frimmer

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