Thursday, March 25, 2010

Carlsbad California Real Estate

By Stanley Devin

Real estate is currently at a record low, yet in places like Carlsbad, California, it is booming. The reasons it is booming is due to the locations and the many facilities the city provides. California general rates highly on the global level for real estate and Carlsbad is no exception to the high level either.

Carlsbad is located in the southern part of the state of California. It is located near San Diego County adding the appeal to many people. Carlsbad is on the Pacific Ocean providing a peaceful atmosphere.

Since the entire area is overlooks the Pacific Ocean, the residents of the area tend to believe life is good. Many families live on the shorelines, which allow them to spend plenty of time basking in the sun at the beach.

Another benefit making Carlsbad, California real estate so extremely treasured is the magnificence of the culture. The city is forever growing and taking in new cultural sweetness in the fabric of the cultural fiber. Due to the ever-evolving nature of people and their lifestyles, it is becoming an extremely interesting place to spend a lifetime.

The residents of Carlsbad feel they have the ability to combine their employment and times of pleasure in more interesting manners. For the people that love to shop, the many boutiques within the small provides unlimited options. For the people who are gourmets, the cafes, bistros, and restaurants are everywhere. To add to the appeal is the huge malls within the city.

For the tourist loving to visit places and enjoying the sights the places have available, the Carlsbad, California real estate is a new experience. Legoland is now located in Carlsbad. It is a very unique amusement part for entire family to enjoy, especially the children. Music fans can have their substance of life with the different jazz shows organized by the city periodically. There are also other events including fairs and festivals that happen all the time.

The commercial prospect for the city is also booming for those wanting to start a career. Carlsbad is not just for the life of luxury, it incorporates the business life prospects as well. Carlsbad, California is the perfect place for both the personal and business life of everyone.

Research the listings of Carlsbad, California real estate on the internet, in the newspaper, and in the real estate magazines. Remember it is a place that is growing in popularity so finding the real estate is not always easy to locate. Yet continue to search for the real estate. Luck will change and there will be the perfect place in time.

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Saturday, March 13, 2010

Appreciating The Intensity Of California Foreclosures In The Coming Years

By Jack Bennington

Looking at California foreclosures and their increasing rate in the Golden State is a necessary first step for anybody considering staying in or getting back into the real estate market out in California. It will be especially necessary in order to help state make its way through the recession and its budgetary issues. There are many different reasons for why California got to where it is, it needs to be said.

A number of experts in the real estate industry and in economics say that the problem with California foreclosures can be traced back to the mid-70s and the taxpayer revolt that ended up with the passage of California's Proposition 13. This anti-property tax initiative came into being in 1978 and was an attempt to limit what people thought were unrealistic and unwarranted increases in property taxes.

Whether or not Prop 13 was helpful or harmful to the overall health of the Golden State is a matter for conjecture an argument on both sides. What's clear at the present time, though, is that the Golden State has a real problem with increasing rate of foreclosures. Many people hope that state leadership can come up with solutions that address the issues and which are long-lasting.

It's a fact that most municipalities and states in the country have looked at tax revenue collection as a way to greatly increase the extension of public services. Many such services are laudatory though the current recession is making them unaffordable in many cases. California has led the nation in expanding a huge variety of public services, and of course its activities have spread eastward over time.

Of course, once the inevitable economic correction or downturn really gained strength in late 2008 people started to examine why California suffered so heavily. One aspect that they found was in the behavior of the real estate markets in the Golden State. The markets they are have been depressed and there have been relatively few buyers to purchase what turned out to be overpriced real estate.

Given that environment, it should have been accepted as a given that CA foreclosures would soon begin to rise from what was a steady and low level to where it is now. Large numbers of homes and other properties have been foreclosed and are sitting unsold and not generating anywhere near the tax revenues they would be generating if they were occupied and worth what they once were.

Out in the Golden State, as elsewhere, there's been an increasing acceptance of the idea that foreclosure might be a first resort rather than a very last resort. This cultural shift when it comes to foreclosure, at least on a purely economic level and leaving out the ethics of such a culture shift, is also helping to erode the amount of tax revenue that California had counted on for years.

All is not completely lost out in California, of course, because there have been signs that the rate of CA foreclosures has been stabilizing at least in the short term. Whether that short-term stabilization can evolve into a long-term environment remains to be seen. It will depend on how effectively California can get a handle on its budget issues, it seems. If so, California may just be the place to invest in again.

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Monday, March 8, 2010

Trying To Find Hope In California Foreclosures Whenever One Can

By Kevin Burns

Looking for good news in the Golden State's rate of California foreclosures, if any can be found, will be necessary for those looking to hold onto California property or who are thinking of getting into it in the future. In any market, even a down one, money can be made though it's usually made by investors who are savvy, intelligent and have a fair amount of intestinal fortitude.

Many real estate experts often refer to the investment activity that goes on when something like the rate of CA foreclosures in the Golden State goes up as "vulture investing, " but that isn't an entirely fair label to give it. In fact, many banks and other lenders holding onto large lots of foreclosed property are looking for any sort of lifeline that can be tossed their way nowadays.

The reason they're hoping that these investors -- or any investors, for that matter -- show is that the California real estate market has been going through a decline over the last several years. It's been doing so for a number of reasons, some of which have to do with buying and selling behaviors while others have to do with how the state collects revenues from its property inventory.

Today's foreclosed and "distressed" housing inventories in states like Florida and California tend to be higher in quality than such homes were in the past. Back then, homes that ended up in these categories were usually run down and needed a lot of rehabilitation. Leaving aside why homes today are ending up in foreclosure so quickly, an investor might do well by looking at this kind of market.

For the most part, a savvy investor wishing to look at CA foreclosures and get involved in the investment side of things would be smart to look at what are called "REO" properties. REO stands for "real estate owned, " and are those properties that are owned by lenders who held the mortgage note given to them by the former buyers of those properties.

Anyone expecting to do well, whether in California or elsewhere, as far as things like CA foreclosures will need to ensure that the nature of the California market is very well understood. This is because the theory of this kind of investing in California is that one will purchase REO properties at low prices and then try to squeeze higher prices out of them whenever in the future it seems best.

For example, Riverside and San Bernardino out in California have properties in their inventories that are listing for under half of what they once would have listed for. Finding a lender, a bank or an owner who's willing to sell for $. 50 on the dollar could mean that the property could then be turned around with minimal investment and might return at least 10% on that investment in just a short amount of time.

This might not have made much sense in the old REO days but with so many properties in such great condition, the rehabilitation costs will probably be much lower, thereby making investment in properties hit by the rate of CA foreclosures much more likely to pan out. There are benefits to this kind of investing, including that willing buyers will be put into homes that once stood empty, so all is not bad when it comes to this investing.

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Thursday, March 4, 2010

How The Rate Of California Foreclosures Ultimately Impact San Diego's Real Estate Market

By Bill Higgins

How the rate of California foreclosures affect the San Diego markets in terms of real estate purchases and sales is very interesting. San Diego County and the city of San Diego both depend on each other for survival, and "America's Finest City" (which is what San Diego bills itself as) is facing a series of budget challenges that are only exacerbated by the rate of foreclosures in the state.

For pretty much all of 2009, the average sale price of a home in San Diego fell noticeably. And even though $300,000 might seem like a lot for a home, especially for those from distressed cities in the Midwest, that price is a very significant decrease in the price of a home in San Diego and San Diego County from pre-2009 levels.

There has been, lately, a sliver of sunshine peeking through the dark gray clouds hovering over the Golden State when it comes to real estate prices, at least down in San Diego. It seems that the September to November 2009 time frame saw an average price increase of 1.6% or nearly $5000 on the sale of the average home. This increase is at least something, one must say.

Still, property values in San Diego have declined by about 35% over the last five years, so anybody who bought in to the real estate market during that period is looking at a home that now is probably worth much less than they owe on it. Sad to say, but anybody who bought into those properties can have little chance of improving their positions in the short term, it must be said.

Of course, cultural shifts in how many people are looking at the so-called "stigma" that used to be attached to foreclosures mean that many people have begun to look at this prospect (foreclosure) is nowhere nearly as serious as it once was considered. This has affected the rate of CA foreclosures somewhat, and America's finest city is no more immune to this than any other city in California.

For an idea of why the rate of foreclosures has gone up steadily until recently, understand that the list price of a home in San Diego averages nearly $500,000. Understand, as well, that the sale price of late has been about $300,000. That's a $200,000 difference, meaning many people are probably sitting on homes with a much lower market value than they once possessed.

As well, those who consider going the short sale route (selling it for less than what's owed on it, with the lender's permission) should understand that though the bank may write off that difference, the state is still going after the former owners for taxes on that $200,000. This fact may also be contributing to the overall rate of foreclosures in the state.

San Diego is, of course, a very nice place to live and it possesses many attributes that most cities around the country might not possess in great number, including a very nice housing inventory. Investors who have studied the market and who might be willing to demonstrate some patience might actually be able to take on the rate of CA foreclosures and make something of it down in San Diego, often to profitable result.

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