Hi Everyone, how have you been? I've just barely gotten over a bad flu. I am glad to be back in the office and doing work. There is sooo much that I want to get cracking on. I'm excited that the 2008 will be starting soon, that means I need to plan my year. Planning my year is probably my favorite thing to do. Actually doing what I plan is the hard part! My mentee and I will be working on our business plans together. We'll have different goals because we're different people with drastically different lives.
California Association of Realtors' most recent housing report issued in November showed home sales fell more than 40 percent in October in California from a year ago and the median price of an existing home fell almost 10 percent. The state's median home price fell below the $500,000 mark for the first time in more than a year to $497,110. While California's foreclosure activity fell nearly 2 percent from the prior month, the state's foreclosure rate of one filing for every 258 households ranked second in the nation, according to a report issued late last month by RealtyTrac. A total of 50,401 foreclosure filings were reported in the state for the month, more than triple the number reported in October 2006. 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
Monday, December 17, 2007
Thursday, December 13, 2007
Thursday, December 13th, 2007 - REO's
Hi Everyone! On April 17th, 2007, I posted a blog about REO's, click here to read it. Now I am absolutely certain that REO's are the best deals in this market. There has definitely been more activity lately and this is a blessing for us real estate agents. Now I am more determined than ever to keep my eyes are the best REO deals in the area. We have already had 3-4 REO sales this month, and it's only the 13th of the month!
And just so you know, I've been pretty darn sick the last two weeks. So I have alot of catching up to do. 2008 is fast approaching and I need to start setting my new goals for the new year. A real estate agent is nothing without goals!
~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
And just so you know, I've been pretty darn sick the last two weeks. So I have alot of catching up to do. 2008 is fast approaching and I need to start setting my new goals for the new year. A real estate agent is nothing without goals!
~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
Real Estate News for Thursday, December 13th, 2007
Inland Empire Real Estate Forecast
Despite the current housing slump, the Inland Empire should remain the nation’s top industrial market as international trade and cheap, available land lure warehouse developers. Larger speculative facilities along Interstate 215 will take longer to lease as rising fuel prices add to the cost of travel from the LA/Long Beach ports. The area’s office market should remain competitive with surrounding counties due to affordable rents and newly completed space. The Ontario Airport submarket continues to be a hub of office activity. The Riverside submarket accounts for more than half of all office construction in the Inland Empire and vacancy rates will fluctuate as new buildings come online next year. Click here to read more of the USC Lusk Center Forecast.
Sub-prime fallout finally reaches Manhattan
Finally, almost belatedly, the few square miles of upmarket central New York real estate is beginning to suffer the impact of the credit crisis. Wall Street bankers are delaying the purchase of new apartments, keenly aware that the country sits on the brink of recession, and the boom in the Big Apple is showing signs of abating. The rest of the US was already feeling the chill of a cooling housing market, with property prices suffering their worst slowdown for 16 years. But Manhattan had remained resilient, buoyed by surging demand and limited supply. But according to Gregory Hymes, chief economist at property company Brown Harris Stevens and one of the leading experts on the Manhattan real estate market, although residential property prices hit a record high in the third quarter of the year, real estate agents are beginning to see a slowdown in activity as bankers guard their bonuses. 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
Despite the current housing slump, the Inland Empire should remain the nation’s top industrial market as international trade and cheap, available land lure warehouse developers. Larger speculative facilities along Interstate 215 will take longer to lease as rising fuel prices add to the cost of travel from the LA/Long Beach ports. The area’s office market should remain competitive with surrounding counties due to affordable rents and newly completed space. The Ontario Airport submarket continues to be a hub of office activity. The Riverside submarket accounts for more than half of all office construction in the Inland Empire and vacancy rates will fluctuate as new buildings come online next year. Click here to read more of the USC Lusk Center Forecast.
Sub-prime fallout finally reaches Manhattan
Finally, almost belatedly, the few square miles of upmarket central New York real estate is beginning to suffer the impact of the credit crisis. Wall Street bankers are delaying the purchase of new apartments, keenly aware that the country sits on the brink of recession, and the boom in the Big Apple is showing signs of abating. The rest of the US was already feeling the chill of a cooling housing market, with property prices suffering their worst slowdown for 16 years. But Manhattan had remained resilient, buoyed by surging demand and limited supply. But according to Gregory Hymes, chief economist at property company Brown Harris Stevens and one of the leading experts on the Manhattan real estate market, although residential property prices hit a record high in the third quarter of the year, real estate agents are beginning to see a slowdown in activity as bankers guard their bonuses. 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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