Brief Summary of Benefits of Seller Financing
August 23rd, 2008 Categories: Self Help Financing
Be your own banker.
Look into some of the benefits sellers can realize by carrying paper. This is an option that should be considered when thinking of selling your property in good or bad times.
Some of the benefits:
- Defer capital gains
- Keep equity at work at interest rates higher than the bank is paying
- Get a good cash down payment at close of escrow
- Collect hassle-free monthly income for years into the future
- The note is secured by a property the Seller understands
- Many times the Seller gets more each month than they could collect in rent
- No more tenant or maintenance issues
- No more property taxes or insurance
- If the buyer stops paying, the Seller keeps everything and gets the property back
- If they or their heirs ever need money, they can sell all or part of the note for cash
- Larger number of prospective buyers and a quicker sale because you offer seller financing. SELLER FINANCING or OWNER WILL CARRY are powerful words you can add to a FOR SALE sign or classified advertisement.
Contact your CPA, tax preparer or attorney and discuss the benefits for your particular case. You may earn more money for retirement and savings from the sale of your property. It is worth looking into.
Data Source: The Note Queen.
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Ventura County Real Estate Doing’s for Week Ending August 14, 2008
August 16th, 2008 Categories: Weekly Real Estate Activity In Ventura County
ZipRealty and Realtors.com have reported drops in home inventories throughout the United States. Major metropolitan areas such as Baltimore, Phoenix, Sacramento and a number of other areas have shown significant decreases.
Is this fall of home inventories good or bad?
It depends on why inventories are dropping. If the drop is due to sales it is good. If the inventory is dropping because sellers are retreating (expired listings) for better prices, it may or may not be good. It is too early to say. It will be dependent on when these properties return to the market place.
Some of the good news reported over the last week included Toll Brothers (a luxury home builder) Chief Executive Robert Toll stated that he sees a “growing pent-up demand” for homes as many buyers have delayed purchasing for the last three years.
Alan Greenspan, previous Federal Reserve chairman, this past week observed that he felt housing was beginning to stabilize.
Why is housing stabilization important?
“Stable home prices will clarify the level of equity in homes, the ultimate collateral support for much of the financial world’s mortgage backed securities” says Mr. Greenspan.
This site has been addressing the real estate turn around since the beginning of the year. Today I do not feel like a fish swimming against the current; I am swimming in the same direction as everyone else. What took you so long?
However the big “I” is starting to appear in newspapers and news medias rather regularly. “I”nflaltion appears to be taking hold. Why this surprises anyone is a surprise in itself. Food and fuel prices have been up aggressively for some time. Eventually the numbers had to support what most everyone else has known.
Overall it is expected that the Federal Reserve will keep inflation in check.
There has been some fall back in fuel prices. There have been reports that corn production will be higher (assuming Mother Nature doesn’t interfer with changing weather which it does frequently at this time of year).
Is the decrease in fuel and the increase in corn enough to dampened inflation? Coupled with the strengthening of the United States dollar the answer is yes.
Tony Kolton, President of Logical Information Machines, a provider of research to the world’s major energy trading companies has stated that oil will drop to $ 65 per barrel (it is currently around $ 113/barrel down from about $ 143/barrel). He states that speculators drove the price of oil up.
Side bar: If the United States doesn’t start drilling, oil will again accelerate upward and could reach $ 200 per barrel. That will pencil out to about $ 8-$ 10 a gallon at the pump. If that happens we will be drilling all over the place even in our own back yards.
Back to the subject:
Who are these speculators? For a start they include various union and non-union pension plans, various States pension and investment programs, individual commodity speculators, commodity funds, various colleges (Harvard, Stanford, USC, etc) trust programs. Take time and you can add to the list.
The consumer will eventually dictate what the market does. Spending over the last several months has been tied up in knots. Until the consumer feels confident in the market, spending will be limited.
Which is a quandary because humans (just because they are human) gravitate towards the negative.
There is evidence that driving (mileage) is down approximately 4% in California with the rest of the Country averaging about a 5% decrease in auto travel.
Some experts suggest that the decrease in consumer driving is partially responsible for the decrease in fuel prices. This certainly is an element but other factors prevail such as over supply, other world economies activities, a decrease in the speculative fervor that has been in place for months in the commodities and a cut back in spending by all people throughout the world.
Again until the consumer feels that the markets are secure and more positive they will hold back on purchasing. Expect to see some great sales as an incentive to part consumers from their money. Will it work? Probably yes.
Previously mentioned is a factor working in United States favor is that economies around the world are showing signs of stress. The US dollar has been increasing in value when compared to other currencies which bodes well for our economy.
The bottom line for all of this is good for real estate. Review the article “ http://www.venturacountyretalk.com/wp-admin/post.php?action=edit&post=391” and view the forecast for Ventura County real estate through the year 2022.
The market is getting extremely strong. Yes there will be a number of people who may think that I am hallucinating, but the market will be great. Those that waited to buy at the bottom have missed the train. See article: http://www.venturacountyretalk.com/2008/03/05/dont-buy-today-and-count-on-crying-tomorrow/).
California is suffering. Unemployment is up 7%+ (does not bode well); California is ranked number 5 as the highest tax state (New Jersey is #1; New York is #2. This is not good either. Business will seek lower rates in other States); in-land areas are still showing high foreclosures. The California political establishment cannot seem to get its act together.
Despite what is happening in the State overall, Ventura County is doing well. The County will be splashed with some of the negative activities going on state-wide but overall it will do well.
As previously expressed, real estate in the County will appreciate 7%+ this year; 17% over the next 24 months; and approximately 26%+ over the next 36 months. See article http://www.venturacountyretalk.com/2008/07/19/happy-days-are-here-again/ for various City forcast in and out of State.
The past weeks Ventura County real estate activity:
All went well over the last week (Oh….I should point out this is an abbreviated report relative to time. Normally I would cover 7 days; this report covers 6 days).
Sales continue to increase; listings continue to decrease; days on the market for sold homes shows an increase because of one property being on the market 336 days (the chart shows 536 days but that is wrong); the variance between list price and average sales price approximates 5% (which is still a little high) and total sales to date total 3,969 single family homes sold since the beginning of the year.
The market is showing signs of stability. Which is excellent for everyone in Ventura County.
Your comments are welcomed.
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Sizzle….Fizzle….Sizzle
August 10th, 2008 Categories: National and Local Real Estate Appreciation Forecast
The above chart shows the completion of the last real estate cycle with the bottom occurring around June, 2008. There can be some residual downside but for the most part the bottom has been set for Ventura County.
The next cycle has already started and based on data from Ed’s Forecast for the next five years and my own interpretation for the following years after thru the year 2022, Ventura County is going to do very well.
If economic events do as they have done in the past a property selling for approximately $ 465,000 today will appreciate to approximately $ 1,000,000 plus by the year 2022. At that time the cycle will start over again.
It is like being on a roller coaster. Sit back and enjoy the ride.
Save this and let us see what happens.
Your comments are welcomed.
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Ventura County Real Estate Doing’s for Week Ending August 9, 2008
August 10th, 2008 Categories: Weekly Real Estate Activity In Ventura County
Ho…Hummmmm. It is summer and things are lazy and slow. Lots of time is being spent with the family and friends.
Most news this week continues to be on financial institutions but this will shortly abate and attention will be transferred to something else.
Prices for oil has been downward; food prices continue upward. People are holding off buying anything……they are waiting to see what is going to happen. It’s an eerie feeling; the lull before the storm.
The Olympics has given some reprieve from the negative news within our own Country to be replaced with the war between Russia and Georgia which is gaining greater attention over the last few days.
The national economic news was, well there wasn’t any. There have been a few articles I have read of coupons beings extensively used by shoppers to take advantage of discounts and savings towards food cost. Unemployment has been increasing which is never a healthy issue.
The news that has surprised most is the 2nd home tax action taken by Congress in the recently passed housing bill. The focus is on “principal” residence. One owning a number of properties would strategically sell properties at a time that would yield escape from taxation on monies (profits).
The new law stipulates that if you buy a 2nd home or an investment property after January 1, 2008 convert it later into your principal residence and then sell, you will have to allocate any gain from the sale between periods of qualified and non-qualified usage.
The bottom line being that Uncle Sam snipped off a tax loop hole necessitating a review by people who wish to buy a second home or investment property.
The other real estate news was issued by PMI Group who state that real estate is showing signs of improvement throughout the United States except for California and Florida which they say will deteriorate further. The highest risk areas listed by this group are: Riverside/San Bernardino-Ontario; Fort Lauderdale; West Palm Beach; Orlando; Las Vegas; Tampa-St. Petersburg; Santa Ana-Anaheim; Los Angeles-Long Beach; Miami-Miami Beach and Sacramento.
In an article entitled “What The Rich Think Of Real Estate)http://www.venturacountyretalk.com/2008/08/02/what-the-rich-think-of-real-estate/ it was mentioned that some rich people would move if certain zip codes were available.
From Deans Guide (April 20,2008) and the Chicago Sun Times (April 20,2008) “Realtors Sales Dream #1: Top Zip Codes and Real Estate”, the following is the recent list of those “rich” zip codes.
Going’s On In Ventura County Real Estate:
Within Ventura County it is summer and the fair is on-going so real estate was ho-hum for the week.
Listings continue to fall; days on the market of sold homes is now approximately 80 days (down significantlyfrom January when it was about 120 days; the variance between list price and final sales price is saw-toothing. Much depends on the sales range of the home. Higher price homes are now tending to give more (or accept less) than in previous weeks. And actual sales price averages continue to fall.
County area with the highest sales to list price variance were Santa Rosa Valley and Ojai this past week.
Capsule Summary Of Sales In Ventura County for period Jan. 1 thru July 31, 2008.
For those interested in trends the following chart is a summary of sales for this year through July 31 compared to prior years starting in 1994. From the data it appears that average actual sales price for homes will be settling in the year 2003-2004 price range. Somewhere between $ 463,000 and $ 585,000 will be the base that we are now entering and it is from this base that we will see price increases.
Your comments are welcomed.
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Save A Few Cooling $
August 6th, 2008 Categories: Home Fixin's, Findings and Planting
The Department of Energy suggest three things that one can do to save $ on summer cooling and winter heating.
The first of the three is to install a programmable thermostat and use it to automatically keep your home temperature while at work. Allow 10-15 degrees adjustment for day time application. This simple step could save about 10% a year on your heating and air-conditioning throughout the year.
The second recommendation is to install light colored blinds on the windows and keep them pulled during the day. This will reflect the heat outside, thus keeping the cool air inside.
The last recommendation is to check for leaks along the door, windows. Seal the leaks with caulk, insulation or weather stripping.
For additional hints regarding energy saving tips go to: www.eere.energy.gov/consumer.
Source for this article: Wall Street Journal; Wednesday, August 6, 2008; “Quick Fix” by Beth DeCarbo.
Your comments are welcomed.
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Warning! Warning! This Is Not A Drill…..
August 6th, 2008 Categories: Real Estate News
Hmmm……things are starting to get a little dicey.
Warning signs are fluttering all over the place.
Is inflation just around the corner? And what is happening in the world of mortgages?
The following 2 abbreviated articles have been taken from the August 1, 2008 This Week Magazine regarding Freddie Mac and Fannie Mae.
Article #1: Fannie and Freddie Make Mortgages More Expensive
The financial troubles of mortgage lenders Fannie Mae and Freddie Mac aren’t just a problem for the federal government, said Ron Lieber in The New York Times. They’re a problem for any home buyer shopping for a new loan.
The two organizations, now flirting with insolvency, have come to play a “crucial” role in the mortgage industry. They don’t just back mortgages. They also buy home loans from banks, bundle them into bonds, and sell bonds to investors. If banks can’t resell their mortgages to Fannie and Freddie, they’re likely to issue fewer and set more exacting financial requirements.
“The mortgage financing system hums along until Fannie and Freddie have trouble raising money to buy loans, or it costs them more to raise the money. And that’s what’s happening now.”
Article #2. Is the Worst Over for Banks?
To get a sense of the ragged state of the U.S. banking industry, said David Enrich of The Wall Street Journal, consider what now passes for good news.
When Citigroup, the largest U.S. bank, reported a $2.5 billion quarterly loss last week, analysts and investors actually, “were encouraged.” And when Bank of America, the second largest bank, reported this week that its second-quarter profits fell 44 percent from the same quarter last year, Wall Street greeted the announcement as a pleasant surprise.
The reason for the surprisingly upbeat reaction to the apparently horrible news is that analysts can see that banks are facing reality and “writing down their piles of bad assets.”
Unfortunately, it’s too soon to say the worst is over, said Eric Dash in The New York Times. A growing number of Bank of America’s credit card customers are falling behind on their payments, and defaults on construction loans are creeping upward. “The bank is also experiencing heavy losses from loans made to small-business customers.”
This recent measure of the price indexes for personal consumption expenditure issued by the Commerce Department shows that income and spending are decreasing significantly and prices, especially for food and fuel are accelerating. Disposable income has significantly decreased and wages have not kept pace with prices.
So red flags are fluttering and the Federal Reserve has a huge problem on it hands to get the economic ship upright.
Consumers are going to dig in and shortly there will be lots of questions asked (maybe never answered) by politicians regarding bio-fuels and the like.
It appears that no one gave thought to the impact on people, the economy and the increased cost and loss that many will suffer.
Your comments are welcomed.
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Ventura County Real Estate Doing’s for Week Ending August 2, 2008
August 3rd, 2008 Categories: Weekly Real Estate Activity In Ventura County
Yikes it happening Big Time.
The gauntlet will fall. It is just a matter of time.
Government is now growing closer to being the ultimate arbiter of how Americans (you) borrow, lend, distribute and deploy money.
Add to this the “fears” that we constantly listen to or read about:
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you can eat this but not that;
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in some places of the country people are being told what size home they will be allowed to build;
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we are being told that certain language and words are not allowed (but some peoples can still use various “not” words but “us” others can’t. You figure it out.);
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we are being told what automobiles will be driven;
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we are being told what we can wear and what not to wear;
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soon we will be told where we can live and with whom;
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and don’t breath because your CO-2 creates a problem with nature (earth warming);
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and it continues.
I must have fallen off the turnip truck but things are really getting out of whack. And you may ask “pray tell what does any of this have to do with real estate.”
In one word: Lots.
The elected and not elected (the gray forces who are always in office despite who is elected) peoples in Federal and State governments feel that they know what is best for all of us.
All of this is interesting and I suspect the talk we hear and the print that we read are the required preliminary steps to justify TAX INCREASES at all levels of government.
Due to governments short falls in revenue one should expect healthy increases in both real estate taxes, sales tax and other political “fees” that are slipped into the system. And it goes without saying that there will be significant personal and business Federal and State tax increases regardless of who is elected in November.
With inflation just around the corner interest rates most certainly will go up bedeviling everybody and everything. It is quite possible that we will re-live 16% home mortgage rates with all the help that Washington is giving.
This is government at work: they spend; we pay.
An aside comment. I either was told or read that approximately 51% or more of the working population in California are employed by some Federal, State, Regional or Local government agency. If true that is a lot of people and the prospects of an advancing economic economy may be stymied.
Back to the national picture.
A recent article by Jon Markham (via MSN Money) entitled, “Is Market ‘fix’ Tomorrow’s Crisis” suggest yes. David Kotok of institutional fund manager Cumberland Advisors told clients this week, the “seeds of the next crisis are being sown right now” as a set of presumed fixes create unexpected consequences. He is making reference to the Freddie Mac and Sallie Mae fixes that Washington has instituted.
Hazarding a guess, Kotok suggests the next crises may emerge in federal guarantees as private entities are let off the hook for their obligations. Beware of stresses that the new era will place on the Federal Deposit Insurance Corp., which is responsible for faltering banks’ deposits; the federal Pension Benefit Guarantee Corp., which is responsible for making good on companies’ unfunded pensions; and the Securities Investor Protection Corp., which is responsible for making good on brokerage customers’ cash losses. No one really knows whether they have the funds to carry out their missions.
But we may not be alone. Here is a headline from the Guardian (a British newspaper): ” House prices continued to fall in July, recording their largest year-on-year drop since the property market crash of the early 1990s, figures from Nationwide building society showed today.”
Overseas real estate is slightly behind us in the scare headlines. The Unites States press are now beginning to show that real estate is becoming positive, ever so slowly.
Back To What I Know…..Ventura County Real Estate.
Looking at the monthly summaries it is evident that from month to month home sales continue to increase; days on the market for sold homes is decreasing; the average list price and eventual sales price for sold homes continues to decrease; the variance between list price and sales price has flattened; and inventory has dropped dramatically since the beginning of the year (from 15 months to 5.8 months).
75% of homes sold last week in Ventura County were below $ 500,000.
Not shown in the chart above and a pattern that is just now developing, it appears that sellers are beginning to increase home prices.
Again the numbers are small but when one includes the multiple offers that some properties are now getting it appears that Ventura County home prices will now start to rise.
Sellers will now expect more for their properties.
So it appears that the downside of the market has been set and completed and over the next several weeks the overall market will start showing property values rising.
It is expected that Ventura County properties will appreciate approximately 8% in the next 12 months.
National economics can put a dent in the growth pattern for Ventura County but the overall economy has to really take a hit before it is reflected in the County.
We do have one thing in Ventura County which very few people have. When things get out of sorts we can always take time to walk the beach.
Your comments are welcomed.
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What The Rich Think Of Real Estate.
August 2nd, 2008 Categories: "Say What? Just Some Real Estate Talk
A recent survey was conducted by Coldwell Banker of affluent homeowners focus.
This survey consisted of 305 U.S. homeowners whose primary residence were valued over $ 1,000,000 ($2,000,000 in California) and who have investable assets of more than $ 1,000,000. The average annual income of respondents was $ 754,000.
Summary points of the survey.
Real Estate Prices. 85% of the high end homeowners surveyed in 2008 were optimistic that real estate values would increase significantly to moderate over the next 5 years. The 2007 survey figure was 67%. A sizeable increase from prior year.
Primary Home Dream Locations.
When asked about where they would build their primary dream home:
- 27% indicated an island location;
- 22% indicated a rural location;
- 18% said suburbs;
- and 18% felt that some foreign country would be their dream home location.
Second Home Locations.
When those surveyed were asked about locations for a second home the replies were:
- 45% near a beach;
- 23% near a lake or river;
- 23% in a warm climate;
- and the other responses were in the mountains, near a ski resort or in another country.
Must Have Home Amenities. The must have amenities in the home that the affluent either have or plan on getting were:
- 86% either have or plan on getting a designer kitchen.
- 74% either have or plan on getting a customized home entertainment center.
- 57% either have or plan on getting an indoor gym/fitness room.
Surrounding Home Features: When the respondents were asked what surrounding features they wanted around their primary residence:
- formal landscaping (77%)
- water views (43%)
- swimming pool (38%)
- hot tub (35%)
- boat dock (17%)
- putting green/golf course (16%)
- and some stated a tennis court or basketball court.
Other points of the survey.
The living room was the primary room that is used to impress house-guests and entertain.
Lastly the survey also noted that 17% would move if they could obtain a specific zip code and 80% stated that they move to keep up with friends. So location is of extreme importance to the affluent.
The basis for this article was the 2008 Coldwell Banker Luxury Survey. In addition review my article http://www.venturacountyretalk.com/2008/03/15/when-luxury-items-become-necessities/. I do think that the InterNet will influence many home luxury items in the very near future.
Your comments are welcomed.
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Homeowner Rescue Plan Is No Free Ride.
July 28th, 2008 Categories: Taxes, Taxes and Taxes
The homeowner rescue plan that many people have been waiting for is almost law.
There is an old expression: Be careful for what you wish for!
A quick review of who gets help and the caveats that many people will not like are noted as follows:
First Time Homeowners:
The law will extend a tax credit up to $ 7,500 for these people. However purchase has to have occurred between April 8, 2008 and before July 1, 2009 (meaning by no later than June 30, 2009).
The CATCH: The tax credit has to be repaid at a rate of $ 500 per year up to 15 years. If the property is sold before that, yep you guess it, the homeowner has to pay the government the remaining balance.
Forgiveness To Allow Re-financing:
If a homeowner falls behind because (for instance) the loan has turned into an adjustable-rate-mortgage, the law encourages lenders to forgive some of the debt in order to re-finance.
The CATCH: There will be an equity sharing arrangement. If it is an FHA loan both the lender and the homeowner will share equally in any profit (appreciation) providing the homeowner maintains the property for five years or more. If less than 5 years, then the lender’s share will increase 10% for each year less than five years.
So if the homeowner sells the home in the second year, any appreciation will be shared with 80%+ going to the lender and 20% (or lower) to the homeowner.
No Resolutions:
Home lines of credit. There is no certainty how this is going to be handled but it may occur that the line of credit will be become a second. The rules however are vague to none. It is something that everyone will have to work through.- Down payment assistance. Good bye to down payment assistance programs such as Nehemiah and AmeriDream.
Property Tax Deduction. This segment of the law helps those that do not itemize deductions on Schedule A. For those that do not itemize the standard deduction will be increased by $ 500 for singles and $ 1,000 for couples filing jointly.
So if you are a couple that pays $ 800 in property taxes you will be able to deduct $ 1,000 under the new law.
Loan limits: Conforming mortgages (Fannie Mae and Freddie Mac) will remain at $ 417,000 until next year and after that it is can be higher. Higher is 115% of the median home prices in the area not to exceed $ 625,500.
FHA-insured mortgages will be $ 417,000; and as in conforming can be increase by 115% of the median home prices in the area, not to exceed $ 625,500.
Reverse mortgages. Insurance salesmen can not originate a reverse mortgage and the law prohibits originators from requiring homeowners to buy annuities or insurance products.
Fees for reverse mortgages cannot exceed 2% of up to $ 200,000. Above $ 200,000 the limit is $ 4,000 plus 1% of the loan amount above $ 200,000.
Manufactured homes. FHA type loans for manufactured homes limits have been increased to $ 70,000 up from $ 48,000.
Service members: If a service member had a mortgage before entering active duty, a lender cannot start foreclosure proceedings until nine months after the service member returns home from active duty.
In addition the interest rate on all previously existing debt are capped at 6%, including home loans. This 6% extends until one year after the service member returns from active duty.
Other items included in the law:
- The Office of Housing Counseling will be established.
- All mortgage brokers will have to be licensed and registered. This will be on a national level.
Your comments are welcomed.
Referenced used for this article is from Bankrate.com through MSN Money.
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Ventura County Real Estate Doing’s for Week Ending July 26, 2008
July 27th, 2008 Categories: Weekly Real Estate Activity In Ventura County
Well what do you know. Finally some recognition that the real estate market is turning around.
And from the print media no less.
Just passed by the House and Senate and awaiting the Presidents signature is the homeowners housing rescue plan.
As previously mentioned this bill is too little, too late. Yes it may help a few people but it certainly will help Freddie Mac and Salle Mae and give local political entities monies to buy “distressed”, “abandoned”, or whatever you want to call it, properties.
What the bill focuses on is the governments extension of social management. Of real concern are monies allocated to local governments to purchase and rehabilitate foreclosed homes.
In the small print, if citizens are not vigil, local governments can exercise eminent domain under the guise of “rehabilitation”, “abandoned” or “distressed”. It will not be called that but watch and you will see local governments exercise eminent domain citing “beautification” and “earth green” and any other limerick that suits their purpose.
This bill reminds me of a cartoon I saw recently. The cartoon showed a sign reading: “Stupidity Night. Pay full price and get in free.”
Ventura County Focus:
The Summer doldrums were evident this pastweek in Ventura County. Listing decreased slightly; sales decreased slightly as did days on the market for sold homes (72 days versus the prior weeks 81 days). The variance between average list price and average sales price of homes sold settle in at -3.8%, a decrease from the previous weeks -5.2%.
Comparison: July 26, 2007 through July 26, 2008
This next chart is rather revealing. This chart is a comparison of sales in the year 2007 versus 2008 for the same period (ending July 26 of both years).
Mentioned on many occasions on this web site was the fact that Ventura County has done very well on the downside of the real estate market.
Comparing July 26, 2007 with July 26, 2008, sales have decreased over the year from 3,995 (in 2007) to 3,464 (in 2008).
Of critical note is that the average sales prices of homes sold decreased approximately 16%.
Homes average sales price in 2007 was $ 810,022 and in 2008; the average home sales price in 2008 is approximately $ 740,754.
Areas with the highest decrease in home sales prices are Ventura (-21.8%); Oxnard (-31.1%); Fillmore (-30.6%); and Santa Paula (-24.3%).
Also mentioned periodically was that anything owned along the beaches is better than gold.
The Ventura beach area home valuesincreased but sales decreased when compared from 2007 to 2008. Ventura beach prices increased 43%over the last year for properties in the Ventura Beaches area. Prices in the year 2007 averaged $1,279,144; prices in 2008 averaged $ 1,828,969.
Oxnard beach properties price variance between 2007 and 2008 settle in at -10.2% less on a year to year comparison.
The Santa Rosa Valley area values from year to year comparisons was -9.7%.
So we indeed live a great area and appear to be immune at this time to economic factors that plague other areas such as the San Bernardino area.
So Ventura Beaches did the best on a year to year comparison. Fillmore homes sales values did the worse over the last year.
Your comments are most welcomed.
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