The Wealthy Are Buying Real Estate… Why Not You?

According to The Annual Survey of Affluence and Wealth in America, from American Express and the Harrison Group, 40 percent of the nation’s wealthy plan to buy real estate in 2008.

What do these rich people know that you don’t? Read HERE to find out. It is TIME TO BUY real estate.

You make money when you buy, not when you sell a home, suggests one popular idiom. That could be the reason the wealthy are trolling for bargains. While most of America is struggling with four percent gains in inflation, the wealthy, with discretionary income of $100,000 or more, believe that today’s market is a good time to buy.

When you think it’s time to buy click HERE.

Feb ‘08 San Diego Real Estate Market Update – West of the Five

NO, the economic outlook for San Diego isn’t getting any better as it relates to real estate, but I’ll share the trends and information as it becomes available. Don’t kill the messenger! This particular report is from LandAmerica and is for February 2008.

San Diego, California Real Estate Market Updates by City and Zip Code – West of the Five
Single Family Homes Only:
92037 La Jolla Market Update
92109 Pacific Beach Market Update
92106 Point Loma Market Update
92107 Ocean Beach Market Update
92118 Coronado Market Update

Taking a look at the Market Index Action for each zip code (which attempts to decipher between Buyer’s and Seller’s Markets) i’s obvious that we are experiencing a Buyer’s Market both on paper and in reality. And YES, I do think it is a good time for 1st time home buyers and investors to be in the market.

With these stats in mind I have to post an article I recently read, Investor Report from Realty Times. Read this article an then make 2008 the year you look back on in 10 years and say, “I’m glad I bought more property!”

Most people don’t know that they can access sales stats and information themselves directly from the local San Diego MLS HERE.