Leslie Appleton-Young on real estate 2013

<div class="separator" style="clear: both; text-align: center;"> <a href="http://4.bp.blogspot.com/-pm6sNwRSXjo/ULffoH86ufI/AAAAAAAAAUo/bdJCjvAchBI/s1600/Leslie+Appleton-Young+and+Jackie+Landry+001.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="http://4.bp.blogspot.com/-pm6sNwRSXjo/ULffoH86ufI/AAAAAAAAAUo/bdJCjvAchBI/s320/Leslie+Appleton-Young+and+Jackie+Landry+001.JPG" tea="true" width="320" /></a></div> <div class="MsoNormal" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0in 0in 0pt;"> <span style="font-family: 'Candara','sans-serif'; font-size: 12pt;">                                 Jackie Landry President of TIGAR with Leslie Appleton-Young </span></div> <div class="MsoNormal" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0in 0in 0pt;"> <br /></div> <div class="MsoNormal" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0in 0in 0pt;"> <br /></div> <div class="MsoNormal" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0in 0in 0pt;"> <br /></div> <div class="MsoNormal" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0in 0in 0pt;"> <span style="font-family: 'Candara','sans-serif'; font-size: 12pt;">Today I made a visit to TIGAR (The Inland Gateway Association of Realtors), an Association comprised mainly of Corona/Norco Realtor and Affiliate Members.  I went there to hear Leslie Appleton-Young speak.  Leslie is VP and Chief Economist for C.A.R. (California Association of Realtors). Leslie is an articulate speaker and is highly regarded in the Real Estate Industry for her Economic Forecasts regarding the Real Estate market in California. She along with Bruce Norris are my two favorite speakers. When Leslie speaks you’re not only engaged with her presentation skills but you are absorbing an incredible amount of facts and data and getting them directly from the horse’s mouth. Her profound understanding of the real estate market and the conveyance of it in her presentations is just one of the many reasons she is so highly sought after.   <o:p></o:p></span></div> <div class="MsoNormal" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0in 0in 0pt;"> <br /></div> <div class="MsoNormal" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0in 0in 0pt;"> <span style="font-family: 'Candara','sans-serif'; font-size: 12pt;">A hand-out was not part of her speaking engagement today but allow me to throw out a few takeaways. Leslie started her presentation by saying “The worst is over”,  isn’t that a great way to start! Ca. lost 1.5 million jobs and we’ve recovered about 500,000 so for growth to continue we will need to create more jobs.  Leslie said that “ Confidence” is the one thing that keeps the economy moving forward.  Prices will continue to rise in 2013 and Leslie felt very good about the future of real estate.  She asked everyone if we knew what a OPT was, Leslie said she heard the term for the first time recently.  Answer: Over Priced Turkey.  Leslie also recommended the book “ Being Wrong” by Kathryn Schultz.  It was a very exciting meeting with so much data being presented that I couldn’t possibly keep up and feel confident that I got it right so no  attempt to reproduce her numbers.  <o:p></o:p></span></div> <div class="MsoNormal" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0in 0in 0pt;"> <br /></div> <div class="MsoNormal" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0in 0in 0pt;"> <span style="font-family: 'Candara','sans-serif'; font-size: 12pt;">I left her presentation energized and confident that my new home purchase a year ago was a good investment. <o:p></o:p></span></div> <div class="MsoNormal" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0in 0in 0pt;"> <br /></div> <div class="MsoNormal" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0in 0in 0pt;"> <span style="font-family: 'Candara','sans-serif'; font-size: 12pt;">If you ever get a chance to hear either Bruce Norris or Leslie Appleton-Young speak you’re in for a special treat.</span></div> <div class="MsoNormal" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0in 0in 0pt;"> <br /></div> <div class="MsoNormal" style="margin: 0in 0in 0pt;"> <span style="font-family: 'Candara','sans-serif'; font-size: 12pt;">Best, Bob<o:p></o:p></span></div> <div class="MsoNormal" style="margin: 0in 0in 0pt;"> <br /></div> <div class="MsoNormal" style="margin: 0in 0in 0pt;"> <br /></div> <span style="font-family: 'Calibri','sans-serif'; font-size: 11pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;"><br style="mso-special-character: line-break;" /></span>

                                 Jackie Landry President of TIGAR with Leslie Appleton-Young Today I made a visit to TIGAR (The I...

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Broker Participation

<div class="MsoNormal" style="margin: 0in 0in 0pt;"> <span style="color: black;"><span style="font-family: Calibri;">In an average year broker participation at most new home communities ranges between 40-50% and 60% would be on the high side.  To give you an example of broker participation in today’s market, Renaissance at Avellino by Van Daele Homes in N Fontana just grand opened about 3 weeks ago.  This is a SFR move-up community with prices starting in the $400’s.  They have had 8 sales so far and 7 were with brokers.  This percentage is very typical of what is happening in new home sales today.  All cash buyers and investors are absorbing what little resale inventory there is and for most home buyers that are actually planning on permanently living in the home a resale typically ties up too much money with any kind of remodel.  New homes make more sense and offer more security when it comes to quality and warranty than any resale.  With more new home communities opening up, don’t waste a lot of valuable time and start showing your buyers new homes first and resale’s second. <o:p></o:p></span></span></div> <div class="MsoNormal" style="margin: 0in 0in 0pt;"> <br /></div>

In an average year broker participation at most new home communities ranges between 40-50% and 60% would be on the high side.  To give you ...

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