Voak Homes » Real Estate Market http://www.voakhomes.com Voak Homes Thu, 22 Dec 2011 00:06:23 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Monday Morning Coffee http://www.voakhomes.com/monday-morning-coffee-17/ http://www.voakhomes.com/monday-morning-coffee-17/#comments Tue, 18 Jan 2011 13:56:51 +0000 Scott Voak http://www.voakhomes.com/?p=276


Monday Morning Coffee

Busy News Week

Good morning,
I hope you had a nice weekend.  Seems like we finally gave into all the colds swirling around us and were down for most of the weekend here.  So, not a lot of fun stories to tell (lucky  you!)  We are seeing a fair amount of activity, which is opposite from most everyone else I talk to.  However, ours is isolated to a couple of unique properties on the sell side and some investors who are taking advantage of the 10% return deals we are finding to make some purchases. 
 
On the investment front, I did find 2 this week.  One is in National City and has been re-habbed.  It is a duplex and probably can go for low $300k and will return about 10% if you manage it yourself.  The other is in Spring Valley and is 7 units that will pull about 12% return but need about $750k to purchase.  Let me know if you want more information, they are up on the investment site.
  Read more ...]]> http://www.voakhomes.com/monday-morning-coffee-17/feed/ 0 Monday Morning Coffee http://www.voakhomes.com/monday-morning-coffee-16/ http://www.voakhomes.com/monday-morning-coffee-16/#comments Tue, 07 Dec 2010 20:31:31 +0000 Scott Voak http://www.voakhomes.com/?p=262


Good morning,
I hope you had a nice weekend (and since I took last week off, I hope Thanksgiving was enjoyable also).   We enjoyed Thanksgiving with friends (I managed a deep fried turkey without burning their house down!)  At the office, we are continuing our changeover to some new systems and, of course, things don’t go as smoothly as you would like.  Good thing there is another month left in the year to get it done.

In May of 2004, I recommended to those of you who invest that it was time to stop buying and start selling investment property.  For a couple of years after that, I worked almost exclusively on the marketing side as I did not believe purchasing real estate was a good move.  I’ve now come almost full circle.  I believe that for investors with around $100k to invest, now is a great time to step back into the market – providing you are focused on cash flow and not appreciation  (I am looking to put together a presentation that will explain why cash flow and not appreciation, but for now I will just say that I believe rising interest rates will put a lid on appreciation over the next 5 years).  Read more ...]]> http://www.voakhomes.com/monday-morning-coffee-16/feed/ 0 Monday Morning Coffee http://www.voakhomes.com/monday-morning-coffee-14/ http://www.voakhomes.com/monday-morning-coffee-14/#comments Fri, 12 Nov 2010 20:08:42 +0000 Scott Voak http://www.voakhomes.com/?p=258



Monday Morning Coffee

Stupid Peppers!

Good morning,
I hope you had a great weekend. I had another interesting (and humorous for you) event in the garden. Cori and I were cleaning up some tomato plants that were way past their prime and decided to sample a lone bell pepper from a sickly looking plant. It was ok, so we decided to try a sample of the smaller sweet peppers we are growing. The timing went something like:

• Scott takes a small bite and the taste is neutral.
• Scott pops the small pepper into his mouth, chews 3 times and swallows.
• Cori says, “Hey, didn’t you plant some habaneros back here”
• OMG!!!!
That was painful.

Real estate was not quite as bad, but it is definitely slow. It is too early to look at the October numbers, but I will have them here next week and on the radio show Wednesday (AM 1000 at 7:30am). I expect sales numbers to be down more than 20% from last year. Read more ...]]> http://www.voakhomes.com/monday-morning-coffee-14/feed/ 0 Monday Morning Coffee – US Resale Home Sales http://www.voakhomes.com/monday-morning-coffee-resale-home-sales/ http://www.voakhomes.com/monday-morning-coffee-resale-home-sales/#comments Sun, 26 Sep 2010 17:45:23 +0000 Scott Voak http://www.voakhomes.com/?p=236



Monday Morning Coffee

US Home Resales Come in Low – But Within Expectations

Good morning,

I hope you had a great weekend.  Ours was very quiet – a lot of housecleaning!

Last week, the August resale numbers came out.  As expected, it was the lowest August on record, but it was in line with what was expected.  The hope is that after a couple of months of “down” demand after the tax credit expiration, that sales will start to get back to normal in the next couple of months.

Looking at current San Diego numbers for September, it does not look like we will apprach last year’s number of around 3,100 homes sold.  We are currently sitting around 1,700 with a few days left in the month.  If the number gets up to 2,500, then we will be off 20% from last year, which probably would not be too concerning considering July was off by the same amount. Read more ...]]> http://www.voakhomes.com/monday-morning-coffee-resale-home-sales/feed/ 0 Resale Numbers and the Success of HAMP http://www.voakhomes.com/resale-numbers-success-hamp/ http://www.voakhomes.com/resale-numbers-success-hamp/#comments Tue, 24 Aug 2010 18:20:14 +0000 Scott Voak http://www.voakhomes.com/?p=228


Read more ...]]> http://www.voakhomes.com/resale-numbers-success-hamp/feed/ 0 Monday Morning Coffee – Home Sales Data out Tomorrow http://www.voakhomes.com/monday-morning-coffee-home-sales-data-tomorrow/ http://www.voakhomes.com/monday-morning-coffee-home-sales-data-tomorrow/#comments Mon, 23 Aug 2010 12:14:36 +0000 Scott Voak http://www.voakhomes.com/?p=226


Monday Morning Coffee

New Listings Plus Home Sales Data out Tomorrow

Good morning,

I hope you had a nice weekend.  Mine was interupted by something called the Security Tool virus.  A bundle of joy that took 5 hours to fix (of course, I didn’t fix it – luckly, I have a client who is much more familiar with network security who spent a good part of his weekend fixing it.  Thanks Marc!)  I did find time to work with Cori and make our first ever batch of jam from our tree (golden nectarines).  The good news is it tastes good and the jars sealed.  The bad news is it didn’t jell, so we have lots of golden nectarine sorta jelly runny stuff.  Oh well.

This week, the big real estate news will come on Tuesday when the National Association of Realtors announces the Existing Home Sales for July.  Last month was off a bit as the affect of the tax credit started to appear.  This month, I expect it to be off a lot.  The “experts” are predicting a rate of 4.65M annual sales (June was 5.27M).  I think that the number will be closer to 4.0M – in which case the stock market will probably react negatively as a number that low could be seen as a strong indicator of a double dip in housing. Read more ...]]> http://www.voakhomes.com/monday-morning-coffee-home-sales-data-tomorrow/feed/ 0 Updated Foreclosure Data http://www.voakhomes.com/updated-foreclosure-data/ http://www.voakhomes.com/updated-foreclosure-data/#comments Sun, 15 Aug 2010 03:32:11 +0000 Scott Voak http://www.voakhomes.com/?p=219


Read more ...]]> http://www.voakhomes.com/updated-foreclosure-data/feed/ 0 Monday Morning Coffee – Quarterly Mortgage Report http://www.voakhomes.com/monday-morning-coffee-quarterly-mortgage-report/ http://www.voakhomes.com/monday-morning-coffee-quarterly-mortgage-report/#comments Tue, 10 Aug 2010 03:19:01 +0000 Scott Voak http://www.voakhomes.com/?p=217

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Read more ...]]> http://www.voakhomes.com/numbers/feed/ 0 Monday Morning Coffee – The Drip System and a Sink Hole http://www.voakhomes.com/monday-morning-coffee-drip-system-sink-hole/ http://www.voakhomes.com/monday-morning-coffee-drip-system-sink-hole/#comments Wed, 28 Jul 2010 22:40:48 +0000 Scott Voak http://www.voakhomes.com/?p=208

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