Joseph & Cheryl Melendez's (melendezteam) Blog

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Real Estate Agent - Coldwell Banker Excellence - CalBre#01517694/ 01429652
RECENT BLOG POSTS
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 NOTES FOR THe ON RECESSION, PRICING AND THE FUTURE... There was an Associated Press article whose headline read, "US Housing Slump a Prelude to Recession."  It was a brief article and had 3 main points: 1) if history is any guide, a recession is most likely around the corner because a recession ...
07/14/2008
Entry-level homes are the base of the housing market. From there households move up, creating the demand for more desirable and more expensive existing homes. Historically, much of the housing supply for first-time buyers has come from new home construction. Over the past decade a hot economy an...
07/07/2008
WHAT WERE THE ACTUAL NUMBERS, INCLUDING FORECLOSURES... A total of 33,024 new and resale houses and condos were sold statewide in May.  That was up 6% from April and down 10% from May of last year.  Southern California sales volume from Ventura County to San Diego County was 16,917 as compared wi...
07/02/2008
HOW DID WE GET HERE?  WHAT DO ECONOMISTS THINK?... Well, we got here in a variety of ways.  First and foremost the way was paved with cheap and available money.  The blame for this goes all the way to Greenspan, Wall Street and the White House.  Without getting into the fray, let it be known that...
07/02/2008
HOUSING MARKET HAS ITS WOES, BUT HAS ITS OPPORTUNITIES AS WELL... Every cloud has a silver lining and the real estate market is no different.  Sales volume took a jump in May (the latest full month available) over April, although sales were still off approximately 10% from May of '07.  However, m...
07/02/2008
  Has anyone not noticed the cost of gas and milk has topped $4.00 a gallon? There is a growing chorus of voices chanting the "Inflation Is Here" mantra. Even though the White House and Federal Reserve are not quite ready to join in, the facts are prices in many sectors of the economy are on the ...
06/30/2008
The latest Housing Starts and Building Report has economists convinced that the U.S. housing crunch has not reached its end. "U.S. housing starts have left no doubt that the housing crunch is still in full swing," according to Dimitry Fleming with ING Wholesale Banking. "Home builders have now c...
06/24/2008
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The housing crisis grew worse in May, as more than 73,000 American families lost their homes to bank repossessions, up a staggering 158% from the 28,548 households that were dispossessed in May 2007. Foreclosure filings of all kinds, including default notices, notices of sheriff's sales and bank ...
06/18/2008
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The housing crisis grew worse in May, as more than 73,000 American families lost their homes to bank repossessions, up a staggering 158% from the 28,548 households that were dispossessed in May 2007. Foreclosure filings of all kinds, including default not...
06/18/2008
Investors in second or multiple homes stand to be among the biggest losers from the housing downturn. That’s because proposed mortgage bailout programs don’t address second homes and investment properties. Many owners of multiple properties don’t realize that investments they thought would help ...
06/17/2008
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