Musings of a Career Consultant

SoCal Texan in Bmore Leading Rock Stars

I was on the radio… Again! :) July 5, 2011

I love doing these radio shows for the Real Cents Radio Network on KTIE 590 in San Bernardino County! It’s so awesome to send out so much good information! We talked about “The Good, The Bad and The Ugly” in today’s real estate market. I just wanted to jot down a few of my thoughts should you have missed the show:

The Good? Affordability is at an all-time high. Home prices have declined month over month since July ’06 and rents have increased month over month since then. Also, interest rates are super low (even though they’ve started a small creep that will turn into a steady walk by the fall). And, with 35% of Buyers being 1st-timers, it’s good to know you’re not the minority!

The Bad? Last year’s appreciation is gone. Real prices are still high in some areas and condo sales decreased 8% last month but I know we’ll post a bigger decrease  due to the expiration of FHA Approval on a lot of complexes. We’re at 2000 prices per Case-Shiller and the higher end could still see a hit as we roll into the 2nd half of the year.

The Ugly? The percentage of homeowners that are underwater has stayed the same since the 1st quarter of ’09. What’s that mean? Even with all of the REO and Short Sale homes that have been bought up, we’re still seeing a steady stream feeding the market i.e. we’re not done yet. (Personal opinion: We won’t be for another 3 years.) Experts think it could take us 5-6 years to fully pull out of this. Inflation will then happen at a slow 2% and unemployment will remain high (which is why our recovery will be so slow).

What can you do to help me help you? Click this link and take a few seconds to fill this in and fight for your right to Affordable Mortgages. The government is considering making the minimum down payment 20% which would cripple our already fragile housing market (especially in areas like SoCal). They’re also talking about pulling out of the mortgage market. Privatization wouldn’t be good for anyone involved.

Should you have any questions about anything you’ve read here or if you’re interested in any city in Southern California (particularly the San Gabriel Valley or Inland Empire), please feel free to call your favorite REALTOR Smile

And, I can always send you a FREE Market Analysis on your home, just ask.


CA Facts March 23, 2010

I love history so I feel like I’m at a disadvantage knowing so little about the state I now live in. I can spout Texas knowledge pretty easily but California is a different story. Since I love history, it didn’t take me long to get a hold of some of these facts once I sought out the information.

  • Pacific Park, which is on Santa Monica Pier, has a vintage 1910 hand-carved merry-go-round which appeared in the movie The Sting which starred the gorgeous pair of Robert Redford and Paul
  • The LA County Fair (which I look forward to every year) that is held in Pomona boasted demos of orange toothpaste in 1922… yea, we’re really into our citrus!
  • San Bernardino County is the USA’s largest county with over 3 Million Acres… and it feels that way when you’re driving to Arizona, too!
  • The Avalon Hotel on Catalina Island was built as a home by author Zane Grey in 1926 and is where he spent much of his later life.
  • Dana Point was named after author Richard Dana who wrote the novel Two Years Before the Mast… is it just me or are we picking up on an author theme?
  • The Iron Door Saloon in Groveland says it’s the oldest place in the state serving drinks… since 1852… the Gold Rush didn’t bring alcohol out here sooner or did they all go under when the rush was over?
  • The 1st person to personally receive their Walk of Fame star was Joanne Woodward who was quite an actress in her own right but is best known as the love of Paul Newman’s life.
  • Not that we’d expect anything less from Hollywood but the 1st motion picture theatre opened in LA April 2, 1902… someone’s got a birthday coming up!
  • 1 out of 8 US residents live in CA… no one here is surprised by that fact!
  • Simi Valley is the home of the Ronald Reagan Library and Yorba Linda is home to the Richard Nixon Library.
  • Eureka! is the state motto and it’s Greek for “I’ve found it!” which alludes to the Gold Rush.
  • About 300,000 TONS of grapes are grown here each year… that’s a lot of wine!
  • Our Country’s highest and lowest points in the continental US are 100 miles away from each other… Mount Whitney’s peak and Badwater in Death Valley… 14,495 feet to 282 below sea level!

And, just as a side note, I learn more and more about Mr. Huntington each and every day. If you don’t know and you live within driving distance to Pasadena or Huntington Beach, you should really learn about this guy. He basically built Southern California. It’s really incredible!

Oh, and if you want to see more of CA for less, check out JetBlue’s sale that ends tomorrow!