I am posting this blog to help find Kieth who is my second cousin.

Arnie Levine the Broker for County Properties. Anyone wanting to donate to the reward fund contact Jeffery Goldberg his brother by email at JeffreyGoldberg1@aol.com.

Posted: Feb 28, 2012 9:19 PM PST Updated: Feb 29, 2012 7:03 AM PST

17041842 BG2 $5K reward offered for missing Vegas cab driver   FOX5 Vegas   KVVU
Keith Goldberg was last seen Jan. 31.

LAS VEGAS (FOX5) – It’s been four weeks since a Las Vegas cab driver disappeared. The man’s family is offering a reward in hopes of finding him.

“You read about it in the paper or you see it on TV all the time, but you never think it could affect you,” said Jeff Goldberg.

Jeff Goldberg’s younger brother, Keith Goldberg, was last seen Jan. 31. Jeff Goldberg and sister, Jodi Goldberg, said they traveled from the East Coast to Las Vegas looking for answers.

“It would be so much easier if we knew what had happened to him,” said Jodi Goldberg. “Now, we’re all assuming, speculating, thinking the worst, hoping for the best.”

This morning, the Goldbergs met with detectives from the Las Vegas Metropolitan Police Department. The Goldbergs said police showed them the last known imagine of their 54-year-old brother.

The Goldbergs said police found their brother’s 2009 silver Toyota Corolla near Sahara Avenue and Las Vegas Boulevard. Keith Goldberg wasn’t in the car.

Jeff Goldberg didn’t want to comment on what condition the car was found in and would only say that police asked them for DNA samples today.

“Every day, I’m home and tears are coming to my eyes because I can’t imagine what happened to him,” Jeff Goldberg said. “My mother’s 80 years old. She needs some closure, and we need some closure.

The Goldberg’s quest for answers has led them to launch a media campaign, setting up a Twitter account – @findkeithg.

They raised the stakes Tuesday.

“If anybody finds Keith or Keith’s body, they will get a $5,000 reward,” the family said.

Keith Goldberg’s family believes the reward could be key to bringing him home.

“I want to have a burial for him,” said Jeff Goldberg. He added that anyone wanting to donate to the reward fund contact him by email at JeffreyGoldberg1@aol.com.

Jodi Goldberg knows if they find answers, they might not be the ones she wants, but she says the worst case scenario would be never finding out what happened to her brother.

“You can’t start a mourning process when you’re in this state of limbo,” she said.

Copyright 2012 KVVU (KVVU Broadcasting Corporation).  All rights reserved..

Daylight Saving Time March 11, 2012

by Arnie Levine on March 9, 2012

in Latest News

daylight saving 1331152721 cropped Daylight Saving Time March 11, 2012

Come 2am on Sunday, March 11, daylight saving kicks into effect. Clocks spring forward one hour to 3am, which means grumpy mornings for everyone since we get one hour of precious sleep taken away from us.
 
Every year around this time, the debate as to whether or not daylight saving is a good thing gets revived. (Not so much in November since we get an extra hour of sleep then.)
 
Most of us are familiar with the history of “spring forward, fall back.” In the US, DST was first observed in 1918, starting March 31, when the Standard Time Act was established. Since then, there have been numerous changes and adjustments to the duration and scope of DST.
 
The most recent change came in 2007, when DST was moved to the second Sunday of March. Previously, we only sprung forward on the first Sunday of April. Of course, if you’re in the two states that do not observe DST — Hawaii (because there isn’t a large variation in daylight length all year around) and Arizona (because it gets too hot in the summer, so it’s better for residents to have more cool hours in the night) — then you have no clock adjustments to worry about.
 
One of the biggest reasons advocates of DST put forth for keeping the tradition is that doing so helps America save energy. The logic goes that more people are up at 5pm than at 6am, so a great deal more oil, electricity and energy are used when it’s dark out in the evening. Thus, lengthening the amount of daylight in the evening would help significantly cut down the evening peak load, which more than offsets the small increase in the early morning load caused by the change.
 
DST also saves lives, according to some studies, because the extra hour of afternoon light helps prevent pedestrian deaths and injuries. The Insurance Institute for Highway Safety, for example, cites research that estimates that during 1987-91, some 900 fatal crashes (727 involving pedestrians and 174 involving vehicle occupants) could have been averted had DST been in effect all year long
 
Also, it is believed that DST helps reduce crime. How so? Criminal activity such as assault and theft are much more likely to occur under the cover of the evening darkness, so DST cuts down the available hours for criminal opportunities. Sure, it’s dark in the morning under DST, but then criminals are probably still in bed then.
 
On the flip side, many question the veracity of claims that DST saves energy. A 2007 study found that California, which like the other 48 DST-implementing states had started DST earlier that year, did not see a reduction in overall electricity consumption. Worse were the results of a 2008 study comparing residential power usage in Indiana before and after it adopted DST in 2006. It turns out that people actually used more electricity with DST because of extra afternoon cooling and morning heating.
 
“Here’s the problem with Daylight Saving as an energy-saver: We tend to want our computers and our televisions and our radios when we want them. More importantly, Daylight Saving really pushes Americans out of the house at the end of the day. And when Americans go out of the house, they may go to the ballpark, they may go to the mall, but they don’t walk there. They get into their cars,” Michael Downing, author of Spring Forward: The Annual Madness of Daylight Saving Time, told NPR back in 2007.
 
“Daylight Saving increases gasoline consumption, something the petroleum industry has known since 1930,” he surmised.
 
Yes, the chief beneficiaries of DST might be oil and gas companies like Chevron (CVX) or ExxonMobil (XOM) ironically, if Downing is to be believed.
 
Indeed, forget about the pros and cons for DST for you and me; Perhaps the greatest reason for the existence of DST these days is the fact that it provides a boost to the economy. Besides oil companies, the retail sector also gets a big boost from DST, which is why the Chamber of Commerce has historically been the strongest DST lobby. With extra daylight, people are unsurprising more likely to head to retail shops.
 
Downing asserts that it was the candy lobby, whose members include Hershey (HSY) and Tootsie Roll (TR), which pushed hard for the 2007 extension of DST to cover Halloween, because children are much more likely to go out trick or treating in the light. (During a failed 1985 attempt to get this extension, members of the candy industry even entered Senate chambers with candy pumpkins and placed them on each Senator’s seat.)
 
Not all businesses like DST though. If people go out more because of longer hours of light, that means that there are fewer people at home watching television, to the detriment and worry of TV networks. Fox’s (NWS) top-rated program, American Idol, for example, typically plunges in ratings the week after DST is initiated, especially among the coveted 18-49 demographic.
 
Meanwhile, another corporation that is perhaps having some cheeky fun with DST is Apple (AAPL). Geekwire conducted a test on an iPhone 4S where it asked Siri when DST for 2012 begins. She replied, “Daylight savings time starts on March 7, 2012. Set your clocks forward one hour.” I just tried it on my iPhone 4S, and I received the same answer from Siri as well.

applesiri 199x300 Daylight Saving Time March 11, 2012
 
Now, today is obviously not the day DST begins, but we do know why the day might hold some significance for Apple – the company just launched a little something called the new iPad, after all. Siri’s operations are entirely unrelated to the clock in the iPhone 4S, so we’re guessing that this is simply a sly marketing trick on the part of the Cupertino-based company.
 
DST will end this year on Sunday, November 4. Meanwhile, remember to allocate an extra hour of sleep on Saturday night.

 U.S. employment showed sturdy growth for the third straight month in February, demonstrating that the recovery continues to chug along at a modest pace.

The Labor Department reported Friday that employers added a larger-than-expected 227,000 jobs last month, while the unemployment rate remained at 8.3 percent. Economists had expected the economy created 210,000 jobs last month, according to a Reuters survey

It marked the first time since early 2011 that payrolls have grown by more than 200,000 for three months in a row.

The economy created 61,000 more jobs in December and January than previously thought, and the jobless rate held steady even as more people returned to the labor force.

Although the job market is gaining some muscle, the pace of improvement remains too slow to do much to absorb the 23.5 million Americans who are either out of work or underemployed.

Fed Chairman Bernanke last week described the labor market as “far from normal” and said continued improvement would require stronger demand for U.S. goods and services.

Still, he suggested the outlook would have to deteriorate for the U.S. central bank to launch another round of bond buying to drive interest rates lower. Officials said in January they expected growth this year to be no higher than 2.7 percent.

The jobs report, which sets the tone for financial markets worldwide, added to the list of data highlighting the U.S. economy’s underlying strength.

It also provided a hopeful sign for the global recovery at a time that growth is slowing in China and the euro zone appears to be sliding into recession. The jobless rate in the 17-nation euro zone area rose to 10.7 percent in January, the highest since the euro started circulating in 2000. 

In contrast, the U.S. unemployment rate has dropped 0.8 percentage point since August, providing some relief to President Barack Obama, who faces an election battle in which the economy has been center stage.

Economists predict the jobless rate could fall below 8 percent by November, even if the recent firming in the jobs market lures Americans who have given up the search for work back into the labor force.

The labor force participation rate – the percentage of working-age Americans either with a job or looking for one – rose to 63.9 percent from 63.7 percent in January.

The separate survey of households that is used to measure the jobless rate showed even brisker hiring in February.

While some parts of the jobs market have benefited from unseasonably warm winter weather, economists say a genuine improvement is under way, even though they expect a slight pull back in March.

Private companies again accounted for all the job gains in February, adding 233,000 positions. Government employment fell a modest 6,000, declining for a sixth straight month.

Manufacturing, which in January recorded the largest gain in a year, dominated job creation in February, hiring 31,000 new workers. The sturdy job gains reflect stepped up auto production.

Most auto companies are taking on new workers and adding shifts and overtime to meet pent-up demand after production was disrupted early last year following the tsunami and earthquake in Japan.

Average hourly earnings increased three cents in February. Average hourly wages have increased 1.9 percent in the 12 months through February.

The overall workweek held steady at 34.5 hours – holding at the highest level since August 2008.

Earnings are being closely watched for signs of wage inflation after unit labor costs grew much more strongly than initially thought in the third and fourth quarters of 2011.

Outside manufacturing, construction payrolls fell 13,000, the first decline in four months.

Although hiring has quickened, the economy faces persistent long-term unemployment. In February, about 43 percent of the 12.8 million unemployed Americans had been out of work for more than six months.

SHORT SALES: TOP 10 MYTHS!

by Arnie Levine on March 9, 2012

in Finance,Latest News,Short Sales

Understanding of how you can be helped as an underwater  homeownerand avoid foreclosure. Don’t make the mistake of believing these myths: 

 
Myth #1: The homeowner must fall behind on mortgage payments in order to qualify for a short sale.  

Debunked:
 Years ago this may have been true, but not in 2012.  
  • A financial hardship must exist, such as the ARM (Adjustable Rate Mortgage) increasing in monthly payments. 
  • Loss of job or income.  
  • Health or medical issues.
  • Extraordinary loss in home value (which may be considered a hardship).

Myth #2: Banks would rather foreclose on a property than approve a short sale.  

Debunked: 
 Many still believe this myth to be true, but more accurately, banks would prefer not to foreclose on a property due to the $50-70k it may cost the bank per transaction. Banks lose less money on a short sale than on a foreclosure.  

Note: In California, some lenders may pay owners as much as $25,000 to opt for a short sale. 

Myth #3:
 Homeowners must be pre-approved by their lender to be eligible for a short sale.

Debunked:  Absolutely not true. By and large, most lenders will consider short sale offers. However, each lender may have unique and specific processes to follow, from listing the home to the acceptance of a short sale. Bypassing any part of this process may result the sale not closing, so be sure to follow each lenders’ processes closely. 

Myth #4: Short sales never close.  

Debunked:  Obviously not true. In some areas of the U.S., nearly 50% of all closings are considered to be “distressed” properties, meaning REOs and short sales. 

Myth #5: Short sales take months (and months) to close.  

Debunked:  The short sale processes must be learned. Once mastered, it may not be uncommon to close a short sale in 30 days.  However, certain idiosyncrasies may slow the process and each lender presents their own unique set of specific challenges. No two short sale transactions are identical. 

comparable in a short sale and a foreclosure.  

Debunked:  In many cases, credit repercussions and deficiency protections are more damaging with a foreclosure. Short sale transactions can often lead to faster financial recovery for the homeowner and should be carefully considered.

Note: If the homeowner missed no mortgage payments, they may be eligible to finance the purchase of a home immediately following a short sale transaction.  

Myth #7: Following a short sale, the homeowner will be ineligible to purchase another property for the next 5-7 years.  

Debunked:  Not true. Using conventional lending guidelines, some consumers may obtain a Fannie Mae backed mortgage a short 24 months after the close of their short sale. 

Myth #8: After a short sale transaction, the homeowner will receive a 1099 and be forced to declare the loss as income.

Debunked: The owner may indeed receive a 1099, but due to the 2007 Mortgage Forgiveness Debt Relief Act, among other considerations, the homeowner may not owe any taxes on their transaction.*

Note: This Act is due to expire at the end of 2012.

Myth #9: The lender will sue the homeowner after the close of a short sale (or foreclosure, or deed in lieu of foreclosure) for the deficiency.

Debunked: California has certain anti-deficiency protections in place for short sales and foreclosures, depending on the circumstances.*

Myth #10: As an agent, I don’t need additional training to learn all of the ins and outs of the short sale process. And if I wait long enough, the market will recover so I may not need to deal with short sales at all.

Debunked: How long are you willing to wait? Based on the most recent housing reports, home values are still falling. Hopefully, 2012 will see the bottom of the housing market but price recovery may continue to take some time.

*As a real estate agent, we do not offer accounting, tax, or legal advice. Please refer questions regarding these topics to appropriately trained professionals.

If you have equity in your home, we will sell your home and get top dollar in this challenging market, go to County Properties Marketing Homes.

To find out the value or your home. Click here for a free market evaluation !

If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so also and close escrow in 45-60 days or less. Learn more about mortgage relief options and how to take advantage of our FREE REALTOR (R)  CONSULTATION for loan modification and or selling .  or go to www.ShortSaleRealtors4U.com

More questions we can help you, at County Properties, 25 years of brokerage experience, trust and a Member of the local Better Business Bureau! Want to know what your home is worth? Click here for a free market evaluation !

Stop Foreclosure Now

Make sure it qualifies as an “investment property” under IRS §1031

If your client is selling a vacation home, it is important to know that it is possible to defer any capital gains tax associated with the disposition, if the vacation home qualifies as “investment” property – as defined by the Internal Revenue Service – and your client uses the proceeds to purchase other investment property using the exchange rules outlined in Internal Revenue Code 1031.Revenue Procedure 2008-16, effective March 10, 2008, provides a safe harbor for exchanges of vacation homes. By following this guidance, taxpayers can have a clear understanding of the circumstances under which the IRS will not challenge whether a vacation home will qualify as property “held for investment” under §1031.Vacation Home as Relinquished Property. For a vacation home to qualify as relinquished property, it must meet the following criteria:

  • It is owned by the taxpayer for at least 24 months immediately before the exchange (“qualifying use period”); and
  •  

  • Within the qualifying use period, in each of the two 12 month periods, (1) the taxpayer rents the dwelling unit at fair rental to another person for 14 days or more and (2) the taxpayer’s personal use of the dwelling unit does not exceed the greater of 14 days or 10 percent of the number of days during the 12 month period that the dwelling unit was rented at fair rental value.
  •  

The first 12 month period immediately preceding the exchange ends on the day before the exchange takes place (and begins 12 months prior to that day). The second 12 month period ends on the day before the first 12 month period begins (and begins 12 months prior to that day).

Vacation Home as Replacement Property. For a vacation home to qualify as replacement property, it must meet the following criteria:

  • It is owned by the taxpayer for at least 24 months immediately following the exchange (“qualifying use period”); and
  •  

  • Within the qualifying use period, in each of the two 12 month periods, (1) the taxpayer rents the dwelling unit to another person at fair rental for 14 days or more and (2) the taxpayer’s personal use of the dwelling unit does not exceed the greater of 14 days or 10 percent of the number of days during the 12 month period that the dwelling unit was rented at fair rental.
  •  

The 12 month period immediately after the exchange begins on the day after the exchange takes place and the second 12 month period begins on the day after the first 12 month period ends.

Personal use is defined broadly. Use by the taxpayer, or other person having an interest in the dwelling unit and any family member[1] will be considered “personal use” by the taxpayer. Also, any arrangement whereby fair market rent is not paid will be considered “personal use” by the taxpayer. Notwithstanding the foregoing, use by family members will not be considered “personal use” by the taxpayer only if the dwelling unit is rented at fair market rent and the family member uses it as his principal residence.
Fair rental is based upon all of the facts and circumstances that exist when the rental agreement is entered into. All rights and obligations of the rental agreement are taken into account.

Note special rule for replacement property. If the taxpayer files a return reporting a transaction under §1031 based on the expectation that the dwelling unit will meet the qualifying use standards and subsequently determines that the dwelling unit does not meet the qualifying use standards, the taxpayer, if necessary, should file an amended return.

Exchanges of vacation homes outside the Rev. Proc. 2008-16 safe harbor. An exchange of a vacation home may still qualify under §1031 even though it falls outside the parameters of Rev. Proc. 2008-16. Any such circumstance will be subject to greater scrutiny and therefore should be carefully planned and reviewed by the taxpayer’s tax advisor.

Realtors are not tax attorneys or accountants. We do not give legal or tax advice, please, always seek the advice of your tax attorney/accountant.

 RedDownArrowPhoto 2 Commercial Real Estate multifamily loans outperform other sectorsCommercial and multifamily mortgages outperformed other loan types as their delinquency rates fell in the fourth quarter, the Mortgage Bankers Association said Wednesday. 

 The trade group said the delinquency rate for multifamily loans more than 60 days late insured or held by Freddie Mac declined 0.11 percentage points to 0.22%, and the rate for loans more than 90 days in arrears and held by FDIC-insured banks and thrifts fell slighly to 3.55%.

The delinquency rate for loans more than 60 days late and held by life insurance companies declined to 0.17% in the fourth quarter.

Loans more than 30 days delinquent in commercial mortgage-backed securities fell 0.36 percentage points to 8.56%, while the rate for multifamily loans with at least two missed payments held or insured by Fannie Mae increased 0.02 percentage points to 0.59%.

The report suggests commercial and multifamily loans fared better during the recession and credit crunch with the sector having the lowest charge-off rates of any loan type held by banks and thrifts in 2011.

Charge-off rates declined to 0.84% of commercial mortgages and 0.74% of multifamily loans last year. That is improved from charge-off rates of 1.22% and 1.24%, respectively, in 2010. 

Fun things to do in San Diego for March 2012

by Arnie Levine on March 2, 2012

in Latest News

SpringHomeGarden 2012 Fun things to do in San Diego for March 2012
March 2 – 4
Spring Home/Garden Show
The San Diego Spring Home/Garden Show has hundreds of different exhibits including home improvement products, furnishings, decorating & remodeling ideas, garden displays, and flowers and landscaping.
Time: Sat: 10:00 am – 6:00 pm / Sun: 10:00 am – 5:00 pm
Location: Del Mar Fairgrounds, 2260 Jimmy Durante Blvd.
For more information visit www.springhomegardenshow.com
 

e1330128785 Fun things to do in San Diego for March 2012
March 3
64th Annual Ocean Beach Kite Festival
A fun day of festivities including a crafts fair, food and entertainment along with kite making, decorating and a flying contest.
 
Time: 9:00 am – 4:00 pm
Location: Ocean Beach Recreation Center, 4726 Santa Monica Blvd.
For more information visit www.oceanbeachkiwanis.org
 

e1330128814 Fun things to do in San Diego for March 2012
March 3
Finish Chelsea’s Run 5K Run/Walk
In addition to the 5K run/walk, a family festival will feature many “Chelsea-esque” activities including a yoga booth, organic produce booth, group photo area, sunflower pot painting station for children and other family-friendly activities.
Time: 7:30 am – 11:00 am
Location: Balboa Park at 6th Ave & Palm St.
For more information visit www.chelseaslight.org
 

e1330128852 Fun things to do in San Diego for March 2012
March 4
US Grant 2012 Wedding & Event Showcase
 
A Wedding & Event Showcase presented by the US Grant Hotel. Discover the hotel’s stunning wedding venues, and engage with more than 60 of Southern California’s most sought-after wedding vendors. Opportunity to win a wedding for 100 guests at
The US Grant as well as luxurious honeymoon vacations to top destinations.
Time: 12:00 pm – 4:00 pm
Location: US Grant Hotel, 326 Broadway
For more information visit www.usgrant.net
 

e1330128875 Fun things to do in San Diego for March 2012
March 4
Free Family Art Day: Ship Building
Inspired by the works of John Taylor, kids will use a variety of materials to create, decorate, name and float their own boats. The ship building is geared toward children of all ages and no art experience is required. All art materials are provided by the museum.
Time: 1:00pm – 4:00pm
Location: Oceanside Museum of Art, 704 Pier View Way, Oceanside
For more information visit www.oma-online.org
 

e1330128909 Fun things to do in San Diego for March 2012
March 8-11
Robert Egger South Bay Recreation Center Carnival
4-day community carnival–fun for the whole family. There will be traditional carnival rides, challenging games, snacks, and a portrait novelty booth. Small admission fee of $2.00. Free for age 6 & under.
Time: Thurs & Fri: 5:00 pm – 11:00 pm / Sat & Sun 5:00 pm – 11:00 pm
Location:  Robert Egger South Bay Recreation Center, 1885 Coronado Ave.
For more information call 760-735-8542
 

e1330128937 Fun things to do in San Diego for March 2012
March 8 – 18
19th Annual San Diego Latino Film Festival
The San Diego Latino Film Festival has developed into one of
the larger and well-respected Latino film festivals in the country.
Short and feature length films by Latinos and/or about the Latino experience will be shown. Films are from Latin America and the US.
Time: See website for information
Location: UltraStar Mission Valley Cinemas, Hazard Center – Mission Valley
For more information visit www.sdlatinofilm.com
 

e1330128960 Fun things to do in San Diego for March 2012
March 10 – 11
85th Annual Thursday Club Rummage Sale
Thousands of new and gently used items such as furniture, clothing, sporting equipment, appliances, electronics, and more will be sold to benefit local charities.
 
Time: 8:00am – 5:00pm
Location: Balboa Park Activity Center, 2145 Park Blvd.
For more information visit www.thethursdayclub.org
 

e1330128987 Fun things to do in San Diego for March 2012
March 11
The San Diego Half Marathon
The San Diego Half Marathon at Petco Park is a new race that celebrates the beauty and uniqueness of the city of San Diego while raising money to help its communities. A sports health and fitness expo entitled “Celebrate San Diego” takes place the day before the half marathon and continues through the day of the event.
Time: 7:00am – 1:00pm
Location: Petco Park, 100 Park Blvd
For more information visit www.sdhalfmarathon.com
 

e1330129020 Fun things to do in San Diego for March 2012
March 11
San Diego Wine-Family Winemakers
Originally for member-wineries and California’s wine trade, the Family Winemakers of California Annual Tasting is now open to consumers as well. New discoveries and old favorites, wineries from Mendocino to Temecula and every place in between.
This event is for 21 and up.
Time: 3:00pm – 6:00pm
Location: Del Mar Fairgrounds, 2260 Jimmy Durante Blvd., Del Mar
For more information visit www.familywinemakers.org
 

e1330129044 Fun things to do in San Diego for March 2012
March 11
17th Annual Del Mar Kiwanis’ Ugly Dog Contest
Big dogs, little dogs, long dogs, short dogs, shaggy dogs, curly dogs…and not a pretty one in the bunch! Well, there’s more to it than just “ugly” with 14 categories of winners.
Time: 11:00am – 3:00pm
Location: Del Mar Fairgrounds, 2260 Jimmy Durante Blvd., Del Mar
For more information visit www.uglydogcontest.com
 

e1330359863 Fun things to do in San Diego for March 2012
March 17
ShamROCK 2012
17th Annual outdoor musical block party celebrating St. Patrick’s Day on the green streets of the Historic Gaslamp Quarter. Features three stages of live entertainment, DJ’s, Irish food, green beer, Jameson Irish Whiskey, and much more! 21 & up.
Time: 2:00 pm to Midnight
Location: Gaslamp Quarter – Downtown San Diego
For more information visit www.sandiegoshamrock.com
 

e1330359888 Fun things to do in San Diego for March 2012
March 17
32nd Annual St. Patrick’s Day Festival & Parade
Wear something green when you come to enjoy the festivities in a Celtic Village filled with Irish culture music, dancing, food, beer and a Kid’s Zone with rides.
Time: Festival: 9:00 am – 6:30 pm   Parade: 10:30 am
Location: Balboa Park, West side of park along 6th Ave
 
For more information visit www.stpatsparade.org
 

e1330360244 Fun things to do in San Diego for March 2012
March 24
Annual Mud Run in La Mesa
San Diego Mud Run is a challenging course for 2000 runners of all ages and experience levels. Participants run through water spray, down steep grades, through dozens of mud pits, over slippery hills and obstacles, and crawl through tunnels. A portion of the proceeds from the race benefit the USO San Diego and the children of Sonshine Haven.
Time: 10:00 am
Location:  On the grounds of Skyline Church, 11330 Campo Rd., La Mesa
For more information visit www.sandiegomudrun.com
 

e1330360318 Fun things to do in San Diego for March 2012
March 24
2012 Race for Autism
100% of race donations support San Diego programs and classrooms that benefit thousands of local children. Featuring 5K timed run or walk, 1-mile Family Fun Walk, educational resource fair, children’s activities, prizes, refreshments and more!
Time: 7:00 am – 12:00 pm
Location: Balboa Park, corner of 6th Ave. and Laurel St., grassy area
For more information visit www.raceforautism.org
 

e1330360354 Fun things to do in San Diego for March 2012
March 24 – 25
Seaport Village Spring Busker Festival
The only Busker Festival in Southern California. Professionals from across the country will perform their bizarre talents from sword swallowing to knife throwing to pogo stick tricks and juggling on unicycles. Even escape artists and comedic stuntmen.
Time: 12:00 pm – 5:00 pm
Location: Seaport Village – Embarcadero
For more information visit www.seaportvillage.com
 

e1330360412 Fun things to do in San Diego for March 2012

March 31
Ironman 70.3 California
 
Cheer on these incredible Ironman athletes as they endure a 1.2-mile swim course in Oceanside Harbor, a 56-mile bike course that includes the challenging inland hills of Camp Pendleton and a 13.1-mile run through the coastal neighborhoods of Oceanside.
Time: 6:30 am
Location: Oceanside Harbor – starts at the boat ramp in the southwest quadrant
For more information visit www.ironmancalifornia.com

It seems like the San Diego real estate market has been a buyers’ market since the crash the end of 2007. With low interest rates, plenty of inventory, and low housing prices, buyers have been in control for quite some time because they’ve had their pick of available properties and motivated sellers. With thousands in foreclosure or short selling, it seems as if San Diego real estate inventory would continue to go through the roof, leaving the market wide open for buyers and a tough go for sellers.

In a previous blog Feb. 4, 2012 I wrote about San Diego Housing Inventories dropped drastically, I mentioned the previous average number of active homes in all of San Diego County real estate MLS (multiple listing service) was 11,000 to 12,000 since the end of 2007.

The current number of active homes in all of San Diego County just dropped again.

Date # of Active homes and condos for sale
Mar 1. 2012 7333
Feb. 4, 2012 7,879
Dec. 2011 9,161
2007-2011 Average of 11,000-12,000

 Typically as the inventories in San Diego decrease below 8,000 the market goes from a buyers market to a sellers market. The national market trend has a similar trend. Good deals in this market can also mean multiple offers.

If you’re considering selling your San Diego property, however, I’ve got some great news! Conditions are rapidly changing to favor sellers. How, you ask? The answer is really quite simple.
 
Foreclosures are being released onto the market quite slowly and being snapped up by bargain hunters. Bargain hunters are bidding early on San Diego short sales in search of a great bargain, as well, so those properties are disappearing almost before they hit the market. At the same time, banks are holding onto “shadow inventory” in order to keep their stocks from becoming devalued, disorganization, and political pressure. House flipping has slowed because profit margins are so thin, meaning there are fewer flipped properties on the market, as well. In fact, many who would have previously flipped real estate may be holding onto it and renting until the market picks up or getting out of the game altogether.
 
Because it’s an election year and nobody wants to be the one forcing people out of their homes, the government is pressuring banks to modify loans for delinquent homeowners rather than pushing a short sale or foreclosure. Likewise, homeowners facing foreclosure have gotten much more savvy about gaming the system, and some are managing to stay in their homes rent-free for months or years before the bank finally forecloses or they are forced to short sell. All of these factors create a perfect storm, where inventory finds its way onto the market very slowly – a situation that is quite different from the flooded markets of 2008-2011.
 
Inventory is only half of the picture, however. At the same time that listings are slowing, more motivated buyers are entering into the picture due to record low 30-year fixed interest rates (below 4 percent!), record low home prices, and an uptick in employment. The result of all of this is an influx of available cash to purchase San Diego homes with decreasing availability of properties for sale.

More questions we can help you, at County Properties, 25 years of brokerage experience, trust and a Member of the local Better Business Bureau!

If you have equity in your home, we will sell your home and get top dollar in this challenging market with our  Internet Marketing and Sales Program or click Want to know what your home is worth? .

 If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so also, go to www.ShortSaleRealtors4U.com

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According to the National Association of Realtors® quarterly commercial real estate forecast, all of the major commercial real estate sectors are seeing improved fundamentals, but multifamily housing is becoming a landlord’s market commanding bigger rent increases. These trends also are confirmed in NAR’s recent quarterly Commercial Real Estate Market Survey.

Lawrence Yun, NAR chief economist, said vacancy rates are improving in all of the major commercial real estate sectors. “Sustained job creation is benefiting commercial real estate sectors by increasing demand for space,” he said. “Vacancy rates are steadily falling. Leasing is on the rise and rents are showing signs of strengthening, especially in the apartment market where rents are rising the fastest.”

NAR forecasts commercial vacancy rates over the next year to decline 0.4 percentage point in the office sector, 0.8 point in industrial real estate, 0.9 point in the retail sector and 0.2 percentage point in the multifamily rental market.

“Household formation appears to be rising from pent-up demand,” Yun said. “The tight apartment market should encourage more apartment construction. Otherwise, rent increases could further accelerate in the near-to-intermediate term.”

The Society of Industrial and Office Realtors® shows a notable gain in its SIOR Commercial Real Estate Index, an attitudinal survey of 297 local market experts.1

The SIOR index, measuring the impact of 10 variables, jumped 8.3 percentage points to 63.8 in the fourth quarter, following a gain of 0.6 percentage point in the third quarter. The index remains well below the level of 100 that represents a balanced marketplace, which was last seen in the third quarter of 2007.

Most market indicators posted advances in the fourth quarter, but 71 percent of respondents said leasing activity is below historic levels in their market – an improvement from 83 percent in the third quarter. Only 29 percent report there is ample sublease space available.

Office and industrial space remains a tenant’s market – 87 percent of participants feel that tenants are getting a range of benefits ranging from moderate concessions to deep rent discounts.

Construction activity is still low, with 95 percent of experts reporting it is below normal, and 83 percent said it is a buyers’ market for development acquisitions; prices are below construction costs in 78 percent of markets.

Participants are broadly expecting stronger conditions for the current quarter, with two out of three expecting market improvement.

NAR’s latest Commercial Real Estate Outlook2 offers projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets. Historic data for metro areas were provided by REIS, Inc.,3 a source of commercial real estate performance information.

Office Markets
Vacancy rates in the office sector are projected to fall from 16.4 percent in the current quarter to 16.0 percent in the first quarter of 2013.

The markets with the lowest office vacancy rates presently are Washington, D.C., with a vacancy rate of 9.5 percent; New York City, at 10.0 percent; and New Orleans, 12.4 percent.

After rising 1.6 percent in 2011, office rents should increase another 1.9 percent this year and 2.4 percent in 2013. Net absorption of office space in the U.S., which includes the leasing of new space coming on the market as well as space in existing properties, is forecast at 20.1 million square feet in 2012 and 28.1 million next year.

Industrial Markets
Industrial vacancy rates are likely to decline from 11.7 percent in the first quarter of this year to 10.9 percent in the first quarter of 2013.

The areas with the lowest industrial vacancy rates currently are Orange County, Calif., with a vacancy rate of 4.8 percent; Los Angeles, 4.9 percent; and Miami at 7.6 percent.

Annual industrial rent is expected to rise 1.8 percent in 2012 and 2.3 percent next year. Net absorption of industrial space nationally is seen at 40.6 million square feet this year and 57.7 million in 2013.

Retail Markets
Retail vacancy rates are forecast to decline from 11.9 percent in the current quarter to 11.0 percent in the first quarter of 2013.

Presently, markets with the lowest retail vacancy rates include San Francisco, 3.6 percent; Fairfield County, Conn., at 5.1 percent; and Long Island, N.Y., at 5.4 percent.

Average retail rent should rise 0.7 percent this year and 1.2 percent in 2013. Net absorption of retail space is projected at 9.9 million square feet this year and 23.9 million in 2013.

Multifamily Markets
The apartment rental market – multifamily housing – is likely to see vacancy rates drop from 4.7 percent in the first quarter to 4.5 percent in the first quarter of 2013; multifamily vacancy rates below 5 percent generally are considered a landlord’s market with demand justifying higher rents.

Areas with the lowest multifamily vacancy rates currently are New York City, 1.8 percent; Minneapolis and Portland, Ore., each at 2.5 percent; and San Jose, Calif., at 2.7 percent.

After rising 2.2 percent last year, average apartment rent is expected to increase 3.8 percent in 2012 and another 4.0 percent next year. Multifamily net absorption is forecast at 209,900 units this year and 223,600 in 2013.

The Commercial Real Estate Outlook is published by the NAR Research Division for the commercial community. NAR’s Commercial Division, formed in 1990, provides targeted products and services to meet the needs of the commercial market and constituency within NAR.

More questions we can help you, at County Properties, 25 years of brokerage experience, trust and a Member of the local Better Business Bureau! Want to know what your home is worth? Click here for a free market evaluation !

Commercial Multi Unit Properties We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!

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  • Homeowners should be aware of these tax breaks that they may be eligible to receive.
  • Mortgage interest: Homeowners are generally entitled to reduce their taxable income by the amount of mortgage interest they pay, as long as they itemize deductions on their tax returns. 
  • Private mortgage insurance: Homeowners who are paying PMI likely will be able to fully deduct the amount, as long as their adjusted gross income is $100,000 or less ($50,000 for married taxpayers filing separately).  Borrowers with incomes above $100,000 may qualify for a partial deduction.
  • Energy-efficient home improvements: If windows, doors, or skylights that meet the requirements of the federal Energy Star program were installed in 2011, homeowners can get a tax credit equal to 10 percent of the product’s costs.
  • Points: The charges a borrower paid in points to get a mortgage are generally deductible if it was a first mortgage on the property.  In the case of a refinance loan, all or some of the point charges might be deductible, but it gets complicated.
  • Property taxes: The amount paid in property taxes is deductible as long as it is based on the assessed value of the property.  If the mortgage company collects money for property taxes, the amount actually paid should be on the 1098 form lenders send out each January.

Please seek legal or tax advise from a professional Tax Consultant or CPA to confirm any of the information provided.

More questions we can help you, at County Properties, 25 years of brokerage experience, trust and a Member of the local Better Business Bureau!

If you have equity in your home, we will sell your home and get top dollar in this challenging market with our  Internet Marketing and Sales Program or click Want to know what your home is worth? .

 If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so also, go to www.ShortSaleRealtors4U.com

New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!

Want to know what your home is worth?

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