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San Diego Real Estate Reading Between The Lines



T


he Change in one of the         plasma screen TV, $1,000 off      
nation's hottest real           closing costs, $2,500 in design   
estate markets may be a         center upgrades, $10,000 in       
sign of a Nation wide trend!          incentives, one year HOA fees     
                                      paid, $5,000 in closing costs,    
Just this summer it was almost        $2,000 closing cost credit,       
impossible to find a new San          washer, dryer & refrigerator      
Diego real estate development         included, $25,000 in incentives   
that                                  or cash price reductions, $1,000  
cooperated with real estate           gift certificate, and no HOA fees 
brokers. If you could find a          for 2 years!                      
developer co-opting, it was most                                        
likely way below the traditional      The grand opening long buyer      
3% rate.                              lines, multiple offers, offers    
                                      above the asking price and homes  
Well, just a few short months         selling within days of being      
have passed and a current read of     listed are just fond memories     
the Sunday homes section of the       now. However, due to the huge     
San Diego Union Tribune shows         home appreciation all San Diego   
that though the real estate           real estate has seen, with the    
market does not make discernible      average home up 100% in the past  
moves in a day like the stock         5 years, combined with the boom   
market, a couple of months can        in 100% adjustable/interest only  
easily define the local real          loans, the stage is set for what  
estate trends.                        is sure to be mind-numbing        
                                      depreciation.                     
Here are just a few of the                                              
incentives noted in the home          Yes, we have started on the down  
section of a very recent Sunday's     leg of the typical ‘Bell Curve' 
paper: 4% broker co-op, free          and the probability of surpassing 



our approximate 20% drop in San       five years, will experience the   
Diego home values experienced         same depreciation in real estate  
from 1990 thru 1996, seem             residential values.               
assured. Plus, as real estate                                           
trends seem to start in the West      Copyright 2005 Promotions         
and than move east, any U.S. real     Unlimited - All rights reserved   
estate market that experienced        

                              
huge price appreciation the past      






About the Author:

Bob Schwartz, CRS,GRI, is a Certified Residential Specialist San Diego real estate broker http://www.Brokerforyou.com with over 27 years experience. Bob's other sites are about San Diego downtown condominium real estate activity at: http://www.downtown-san-diego-real-estate.com & A free website award site at http://www.web-site-award-winning.com/

Source: www.isnare.com


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    San Diego Real Estate Reading Between The Lines