2010 CAR Housing Market Forecast.

CALIFORNIA ASSOCIATION OF REALTORS®

2010 California housing market forecast. The video from C.A.R. featuring C.A.R. Chief Economist Leslie Appleton-Young .http://www.youtube.com/watch?v=JZpt0wptj3I

2010 Economic Forecast

Source: www.youtube.com

CALIFORNIA ASSOCIATION OF REALTORS®
Chief Economist Leslie Appleton-Young presents the 2010 Economic Forecast.

We can not see into the future but we can at least watch and try to understand the indicators.

In Depth: America's Most Expensive Cities Behind the Numbers To determine the U.S. cities where the cost of living is highest, the London office of

America's Most Expensive Cities 2009


Forbes staff


Oct 15th, 2009


Behind the Numbers

Earlier this year, the London office of Mercer, an American human resources consulting company measured the prices of the same basket of goods in 253 of the world's cities to determine where the cost of living is highest. Over 200 products are selected for the basket as representative of executive spending patterns and including everything from rent for a luxury apartment to the cost of a fast-food hamburger. Mercer chose a sampling of U.S. cities to measure, the ten most expensive of which are listed here.

http://realestate.yahoo.com/promo/americas-most-expensive-cities-2009.html

New York tops a recent list, Los Angeles comes in at second place, White Plains, N.Y.#3, San Francisco, Calif #4,
Location has a lot to do with why New York and Los Angeles top the list.

In Depth: America's Most Expensive Cities

Real Estate America's Strange Homes For Sale

From Forbes Magazine:
By: Francesca Levy, 10.13.09, 06:00 PM EDT
These are not cookie-cutter colonials. Instead, in some parts of the country, cliff-side compounds and remodeled lighthouses are being listed.
image

Sneak A Peek: America's Strange Homes For Sale

Brazillian Beachside Box House

Very modern and beautiful house at the beach on an island in Brazil Brazil. It's so in tune with the surrounding beach area.


The architects involved in the project were Marcio Kogan, Suzana Glogowski, and team of Beatriz Meyer, Eduardo Glycerio, Gabriel Kogan, Lair Reis, Maria Cristina Motta, Mariana Simas, Oswaldo Pessano, Renata Furlanetto, ad Samanta Cafardo. The interior design team included Diana Radomysler and Carolina Castroviejo.

Photos by Nelson Kon.

http://www.marciokogan.com.br/

ShelterPop

Strongest U.S. ZIP Codes.

San Diego:


Strongest U.S. ZIP Codes
Cyberhomes
This Home:
11404 Village Ridge Road,
San Diego, Calif. - $396,891
92131: San Diego, CA

Median Sales Price: $571,250
Annual Change: +61.4%
Compared to: San Diego-Carlsbad-San Marcos Area
Median Sales Price: $285,000
Annual Change: -1.4%
Differential: 62.8%

Things finally look like they might be turning around in the San Diego area. Sales numbers and prices advanced in many mid-high tier zip codes, with high-end areas in San Diego and La Jolla leading the way with the largest annual gains.




This Listing:
12843 Prairie Cir, Corona, Calif. - $325,000
92880: Corona, Calif.
Median Sales Price: $340,000
Annual Change: -11.9%
Compared to: Riverside-San Bernardino-Ont., Calif.
Median Sales Price: $157,000
Annual Change: -39.6%
Differential: 27.7

Almost everywhere in Southern California’s Inland Empire prices are still falling hard, but the blow is starting to soften in some mid-high tier areas such as Corona and Palm Springs.

High End Homes.

Googled High End Homes and I found several interesting articles over time...

High-End Home Sales Push Up Median Price

By Dick Turpin
March 15, 1987

For the first time ever, the median price of the storied American home has topped the $100,000 mark.

Strong sales of high-end new homes during January, particularly in the Northeastern states, pushed the median to $100,700, passing the previous record of $94,600, set only last December. About 11,000 of the 53,000 new dwellings sold were in the Northeast, nudging aside the usual leader, California. The two areas currently represent the nation's hottest real estate markets.
....................

The annualized rate of sales of existing single-family homes dropped 32.9% from the December totals, from 653,086 to 437,970. However, resales were still up 13.3% from January of 1986.

California's median resale price dropped 3.1% in January to $126,532, down from December's $130,565.

For the Los Angeles region, the median was $126,407; Orange County, $152,438; San Diego region, $119,603; Riverside and San Bernardino counties, $93,255.

http://articles.latimes.com/1987-03-15/realestate/re-10567_1_median-price

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The Boston Globe
HIGH-END HOME SALES ON INCREASE HOUSE, CONDO PRICES UP; SLIGHT SLOWDOWN SEEN
The Boston Globe (Boston, MA) | November 10, 1999| Bruce D. Butterfield, Globe Staff | Copyright 1999 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information) Copyright

It's barely a hole in the ground. But the area's latest condominium development in Brookline - with units ranging from $475,000 to $1 million apiece on Longwood Avenue - is half sold already, with nearly a year to go before anyone can move in.

A few blocks away at 1160 Beacon St., another luxury condo project under construction is two-thirds sold, developers say, despite prices starting at $600,000.
High-end housing, condominums and single-family homes alike, throughout Greater Boston. Average selling prices soared more than 23 percent for both categories in the third quarter..

http://www.encyclopedia.com/doc/1P2-8575537.html

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High-end home sales soar in Bay Area
Feb 16, 2008 ... High-end home sales soar in Bay Area. Articles. What real estate slump? The Bay Area's rich are still snapping up high-end properties for ...

www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/02/16/...

Psychological Effect Of Buying Foreclosure.

Some Foreclosure Buyers Feel Guilty
Foreclosure guilt is affecting some people who can afford to buy low-cost properties even though friends and family haven’t been so lucky.

As Anya Sanko who bought a foreclosure in Las Vegas says, there's a hard-to-shake worry that "you're capitalizing off of somebody else's misfortune."

Some people dismiss this as unwarranted drama, but Santa Fe psychologist Sylvia Lafair thinks that “there is a guilt of survivorship that is real.”

Lafair has provided counseling for real estate practitioners who say clients express this concern.

Lafair recommends that people ease their pain by doing something kind for those less fortunate. “My recommendation is that when you're moving, take (your) old stuff and say, 'Do I really need this?' and give it to a shelter or the Salvation Army. One way to balance the guilt is to do something to be gracious," she says.

Source: USA Today, Steve Friess (08/27/2009)

http://www.realtor.org/rmodaily.nsf/pages/News2009082804

IMHO: Anyone with a heart and soul would have a feeling for another human being, a family who have suffered or are suffering from the loss of their homes and and part of their livelihood.

As an agent who is very busy and who is showing these REO and Short Sale properties to clients over and over again in this last year; I have an overwhelming and mixed emotion regarding the whole situation.

Everytime I show a home to my client, I usually feel so sad that a family used to live there and called it their home. One can not try to NOT to feel it.

However I am also doing my job for my client by trying to find the best home with the best price and the best location for them. If that home is the one they like then I will help them attain it.

Not to be selfish but I justified my feeling by telling myself and a few of my good clients (who are now my friends) that no mattter how sad I am for the past owners, now I am bringing a new family and a new joy and happiness to the home.

Peace & Love to all.