Thank you, John! (All is NOT doom and gloom!)

By
Real Estate Agent with HomeSmart Realty West CalBRE #01458572

Contact Jim Frimmer for all your San Diego real estate needs!Contact Jim Frimmer for all your San Diego real estate needs

Every time John Mulkey, the Housing Guru in Waleska, Georgia, gets a Featured Post announcing the latest doom-and-gloom news, I find great news in the San Diego Union-Tribune, our arch-conservative newspaper.

John's current Featured Post is titled The housing marketing has fallen and won't get up.

Open HouseWe seem to be doing well over here in San Diego, which might just prove yet again that all real estate is local. Sales have been steadily increasing for 29 consecutive months, and prices have been steadily increasing for 17 consecutive months.

Unemployment is down, the economy is up, consumer confidence index is increasing, major appliance purchases are increasing, stocks are up, foreclosures have fallen to a three-year low, and default notices have also fallen to a thee-year low.

Sold!The article in today's paper says that the same trend is showing up throughout California. John Walsh, President of DataQuick, says the reasons for the decline in defaults and foreclosures is because of "motivated sellers and accommodating lenders."

Gary London, who heads London Group Realty Advisors in San Diego, said that the numbers agree with "the trends he is seeing in the market."

Out of San Diego County's 85 zip codes, only two had an increase in the number of default notices, and both of those have a median home price of $800,000. That's not surprising because here in San Diego the high end market lags the general market by 12-24 months.

We know that what starts in California often leads the way, eventually spreading to the rest of the United States, so here's hoping that the rest of the United States starts following California's lead in real estate recovery.

Here's also hoping that our resident Housing Guru keeps getting Featured Posts announcing doom and gloom since it seems to bode well for us here in San Diego!

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If you're looking for a great real estate agent in San Diego, 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

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Need an inexpensive photo? Try RusselRayPhotos.com!
Try RusselRayPhotos.com for inexpensive, royalty-free photos.

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  1. Deborah "Dee Dee" Garvin 07/22/2010 04:01 PM
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Topic:
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Groups:
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BananaTude
Cosmic Cow Pie...The Rome Way
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Southern California Real Estate Forum
Tags:
san diego real estate

Comments 16 New Comment

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Rainmaker
407,621
Michelle Francis
Realtor, Buckhead Atlanta Homes for Sale & Lease
Tim Francis Realty LLC

Jim, 

Even as close to John as Atlanta, the market can be different.  It is not moving so well here as a whole, but one neighborhood to another can be different.  It's important to understand the local area and where it's at.

I do agree, I like good news much better:-)

All the best, Michelle

July 23, 2010 06:38 AM
Rainmaker
281,654
Carra Riley
CRB, CRS, GRI
Author, Speaker, Consultant, Carra Riley Inc.

Jim....Real estate news varies from area to area; but based on the preceding comments most of the news is on the positive side.  Your area sounds like everything is coming up roses!

July 23, 2010 11:17 AM
Ambassador
1,424,304
Karen Kruschka
- "My Experience Isn't Expensive - It's PRICELESS"
RE/MAX Real Estate Connections

Jim  I believe for the most part both coasts ae improving - unemployment seems to be a very major problem in the "middle"

July 24, 2010 11:02 AM
Rainmaker
930,967
Gary L. Waters, Broker Owner Waters Realty of Brevard, LLC
Personal Service, always.
Waters Realty of Brevard, LLC

Markets are local. Besides if you read enough of the gloom and doom you can start to believe it! Keep it up out there!

July 25, 2010 07:47 AM
Rainmaker
1,084,342
Jim Frimmer
Realtor & CDPE, Mission Valley specialist
HomeSmart Realty West

Hey, everyone!

Thanks for stopping by and commenting.

I've been very busy, but today I'm trying to follow up on these older posts like this one to see if anyone had any questions or if I really need to respond to anyone's comments.

I will read all the comments and respond to any that need a response, but since this post is rather old, rather than making comments here in my post to each and every one of you, I'll just let everyone know that I have read all the comments and if there are any questions, I'll answer those in comments below this one. Otherwise I'll simply post this comment and then head over to your blogs soon to visit and do some reading and commenting. I hope you'll have a nice welcome mat out for me!

Don't forget to let your cat come out to play with all the other ActiveRain kitties. Your cat-friendly dogs can come, too!

If you need a great cat book, get yourself a copy of Peg Silloway's The Cat Lover's Book of Days.

Hope all is well with everyone.

July 28, 2010 12:24 PM
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Rainmaker
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Jim Frimmer

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