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News and Views from Menifee Valley, California |
by Steve
6/30/2007 04:24:00 PM
HERE IS A TREND ANALYSIS OF PRICE PER SQFT IN THE SUN CITY CORE. PRICE PER SQFT ANALYSIS IS OFTEN USED BY REALTORS IN PRICING PROPERTY. IF THERE WAS ANY DOUBT ABOUT DECLINING VALUES IN SUN CITY THIS SHOULD RESOLVE IT. THE ANALYSIS IS FOR THE PERIOD 5/01/2006 THRU 5/31/2007. AS YOU CAN SEE PRICES ARE DOWN APPROX. $20 PSF IN THE LAST YEAR. THATS $20,000 ON A 1000 SQFT HOUSE. IN THE CORE THERE ARE CURRENTLY (6/14/2007) 123 HOMES FOR SALE. IN MAY THERE WAS 22 SALES WHICH IS .70 SALES PER DAY. IT WOULD TAKE 6 MONTHS TO DISPOSE OF THE STANDING INVENTORY.You can see a graph of his findings on his website...
Labels: Property-Values, Real-Estate, Sun-City
A lot of us that have Home Equity Lines of Credit are very happy with the Fed's recent moves to drop rates by 1.25 points. With the debt level of America becoming a bigger issue each day this helps some but we need to do more.
My thinking is that we must be proactive in todays market by accelerating our equity position and we can empower ourselves by learning to use the same banking systems the major lenders have been using to their advantage for decades.
Many of us find ourselves in a situation where we can not refinance right now because our home's value has declined temporarily to the point where we owe more than our home is worth. That is ok if we are in Real Estate for the long haul. There are still options to accelerate our equity position in a significant way without refinancing and with little or no change to our monthly cash flow.
There is a proven system for reducing interest using banking systems that have been around for decades. It provides homeowners with the tools necessary to achieve the greatest time and interest savings imaginable. It is working for me. www.ownitoutright.com
By 
Bonnie, at March 10, 2008 4:25 PM
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