Ups and downs in real estate, community
by Nancy Gardner
Feb 14, 2013 | 2495 views | 0 0 comments | 4 4 recommendations | email to a friend | print
We are in trouble. The US is losing its international edge. Our treasury-bond market is no longer the No. 1 safe haven of choice when the stock market suffers from bad news in the economy.

It has been reported that since the recent inauguration, those looking to place capital are more often choosing investment-grade corporate bonds to put their money in than U.S. Treasury bonds when moving funds out of stocks into a safer haven. On the other hand, the housing market is looking up.

According to Lawrence Yun, National Association of Realtors chief economist, the market share of distressed sales will continue to fall from its 2012 level of about 25 percent to a lower 8 percent level by 2014. Foreclosures and short sales are working their way through our fiscal landscape. Locally, we have seen an increase in home-sale activity with prices going up, causing many of the clients I am helping with mortgages to offer above asking price. Golly, could we be heading to a seller’s market?

You’ll be happy to know that we can all count on Capt. Brian Ahearn and his teams of men and women in blue to keep you and that new home safe. Several of us in the community are trying to do the same for them. Their storefront on Olney Street where officers go to write reports, take necessary breaks, eat a meal or interview perpetrators is in deplorable condition.

The city has no funds to make the necessary repairs, but you can help with a donation or skill. Dewhurst and Associates have graciously donated their time to manage the job.

Things are looking up for the police and the real-estate market. Sell now while buyers are bidding prices up. Buy now before your dream home gets away from you. As always, contact a Realtor for the professional help you need, and remember the men and women who keep us safe when we are in trouble.

Contact Michelle Fulks at mfulks@san.rr.com or Nancy Gardner at nancy@cmcfinance.com to donate talent or send a check to POA att: Store Front, at 5666 La Jolla Blvd. Box 168 La Jolla 92037.

Nancy K. Gardner CMC Finance (858) 456-3000 7575 Eads, Ste.102 La Jolla, 92037

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