As speculators go, so goes area housing market. The future of metropolitan Phoenix's housing market comes down to investors. Again. These speculative home buyers hyperinflated prices in 2005 by at least 25 percent with their purchasing sprees, new research shows. And what they do this year will determine whether the Valley's housing market sags, keeps climbing or stabilizes. Forecasts call for everything from a 10 percent increase in Valley home prices to a 10 to 15 percent drop. Click here to read more.
If you can't afford your dream home now, stash your down payment in a safe investment. Wishing you had bought that modest three-bedroom house in the hip neighborhood when you had the chance four years ago? Today, you can't afford a cramped two-bedroom in the suburbs an hour's commute from work. So you've resolved to wait out the hot real estate market until prices come down or at least cool off. But you still have a healthy down payment sitting around that was set aside for that dream home. Even if you hope to use it within a few years, the lump sum should be locked away in a short-term investment rather than let inflation get the best of it in a standard savings account, financial advisers say. Besides, home prices may still rise, and you'll want that down payment to grow as much as it can while you wait for the right home to hit the market at the right price. Click here to read more.
Haute Blog Storms the Web Like King Kong. In just four weeks, HAUTEBLOG.COM, real estate’s most comprehensive luxury guide in Florida and New York, has been the talk of town by providing visitors with sizzling celebrity’s transactions, up-to-the-minute national real estate news, sought-after haute homes, and an ample list of luxury real estate companies and fine dining. Providing New York and Florida with multi-million dollar estates of the day and the ins-and-outs of the luxury real estate market has indubitably generated big buzz among the country’s leading real estate professionals, investors and entrepreneurs, thrusting HAUTEBLOG.COM into real estate’s cyber stratosphere at bursting momentum. Click here to read more.
California Employers Add 24,300 Jobs in December. And November's figure is revised upward. Some economists fear the pace may slow this year. California employers spread holiday hiring cheer at the end of last year, adding a net 24,300 payroll jobs in December, the state said Friday in a report that reinforced views of solid economic growth. The number of jobs added in November was revised sharply upward, and the December unemployment rate fell by 0.2 percentage point to 5.1%, the Employment Development Department reported. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
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