December 2012 Housing News Letter

Housing News Watch

December 2012

David Delgado, President/CEO

Delgado Realty Group

Ho-Ho-Ho-Ho!

December rings in one of the most joyful times of the year.  The current year coming to a close, celebration of Christmas and other Holiday Celebrations, all mean different things to different people, but most always represent Joy.  If you look around, you will notice a giving spirit exists unlike at other times of the year. As I write this, many Christmas Tree lots are getting ready for 2012. Are you ready for 2013? 

Unfortunately, many home owners wanting to really enjoy this Holiday season are less than enthusiastic because they feel trapped.  They are desperate to exit their current home and give themselves a big Christmas Gift - a NEW place to call home.  Here’s where you and I can HELP!

As a result of working with over 3,000 families over a 14 year time span and through the most recent recessions, we have developed a special program to quickly get an acceptable "cash" offer on any home for market value. So we are giving Home Owners wanting to make a move a very special gift this holiday season. 

For the month of December, we will guarantee, in writing, the sell of an area home in 59 days at a price acceptable to the homeowner. In the event there is no sell, we’ll buy it.*   *Me and the homeowner just need to agree on price. We do that starting with a simple, FREE consultation. 

This Is Where You Can Help!

If you or anyone you know is considering making a move, we would like to offer them a FREE No Obligation to Move Sell for Top Dollar Consultation. On this call, we’ll discuss just how they can make their move, get what they want and do it with the least hassle.  AND while we are on the phone, I will instantly send over a FREE Special Report titled “Costly Home Seller Mistakes to Avoid When Selling During the Holiday Season”. 

Just like we are thankful for you and your business, I am confident your referrals will be thanking you for steering them in the right direction on getting their home sold!!! 

*A GREAT Guarantee:  Sold in 59 Days or We'll Buy It!

*A FREE Consultation to Discuss What Price can Be Expects

*A FREE Special Report that details Mistakes to Avoid When Selling in Today’s Market.

AND remember, YOUR referrals help the kids…

Any one you know considering making a move, wanting to buy or sell their home, please refer them to me without hesitation or delay!  It’s very easy for you to do that and on top of the great services outlined above, your referrals will help the kids at St. Jude Research Children’s Hospital!!!

We are on a mission to raise $100,000.00 for St. Jude Research Children’s Hospital!  They do great work in helping kids struggle to recover from debilitating diseases. They depend on donations and givers to fund worth while projects.  These kids who are suffering are made better quicker thanks to Children’s Research Center – but that research center requires money to operate and continue.  So we are donating $250 of our income on every referral we receive this year to St. Jude Research Children’s Hospital so the kids in their care can continue to recover from these horrible diseases and grow up to experience life to the fullest.  

It’s easy to refer your friends, neighbors, associates or family members considering making a move and I hope you will take just a few minutes to consider who you know wanting to make a move in near future. Simply go to www.DelgadoReferralRewards.com to pass along your referral. Of course you can always call me direct as well at 562-201-7449.   

I hope you and your family are well and this special month brings you much joy and happiness.

With all my appreciation.

David Delgado
President/CEO
dre#01385731

Cell: 562-201-7449

P.S.  Remember we love honoring our past clients like you. Read all about that at www.DelgadoReferralRewards.com or call me at 562-201-7449.

P.P.S. Here are photos of my son David Delgado Jr, Kayla, Courtney and other family photos in 2012. Enjoy!

There are many solutions available to homeowners that are upside down with their mortgage. There are upsides and many downsides doing nothing at all when times are tuff. You may think doing nothing at all is the best solution and sometimes that is the best solution to homeowners, however, you must have a full understanding and knowledge of letting your home go to foreclosure. Knowing your options and selecting the right option is always the best option. What I mean by that is when you have a full understanding of all your options, then stick to it! Every situation is a different situation and only the you know what is the right option for you. Working with an agent that can explain all your options is probably your best foot forward at coming to a solution.

house hunting tip

David Delgado, President/CEO www.DavidDelgadoRealty.com house hunting tip

February sales and price report

February sales and price report      
           
For release:
March 15, 2012

California home sales post higher in February; inventory remains low

LOS ANGELES (March 15) – Recent improvements in the overall economy, combined with extremely low interest rates lifted California home sales from both the prior month and year in February, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The median price dipped from January but is beginning to show signs of stabilization.

“While the median home price dipped in February, the year-over-year decline was the smallest recorded since December 2010,” said C.A.R. President LeFrancis Arnold. “This may be a signal of a possible stabilization in home prices, which should bode well for prospective buyers who have been on the sidelines waiting for prices to level out and may entice them to jump into the market.”
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 528,010 in February, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. February’s sales were up 2.1 percent from January’s revised pace of 517,120 and up 5.5 percent from the revised 500,480 sales pace recorded in February 2011. The statewide sales figure represents what would be the total number of homes sold during 2012 if sales maintained the February pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

“February sales posted a stronger than usual performance with sales in major metropolitan areas such as Los Angeles, Orange County, San Diego, and San Francisco all logging double-digit gains from the previous year,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “Recent encouraging signs in the GDP, employment picture, and consumer confidence suggest that a growing economy is in the making. All this, combined with continued-low mortgage rates, lays out a good foundation for the housing market to continue to grow as we enter the spring home buying season.”

The statewide median price of an existing, single-family detached home dipped 0.6 percent to $266,660 in February from January’s $268,280 median price. The median price was down 1.7 percent from the revised $271,370 median price recorded in February 2011.
Other key facts of C.A.R.’s February 2012 resale housing report include:
• California’s housing inventory declined in February, with the Unsold Inventory Index for existing, single-family detached homes decreasing to 5.3 months in February, down from a revised 5.7 months in January and down from the 7.5-month supply in February 2011. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.
• Interest rates fell to record lows again in February. Thirty-year fixed-mortgage interest rates averaged 3.89 percent during February 2012, down from 4.95 percent in February 2011, according to Freddie Mac. Adjustable-mortgage interest rates averaged 2.78 percent in February 2012, compared with 3.35 percent in February 2011.
• The median number of days it took to sell a single-family home fell to 58.9 days in February 2012 and was down from a revised 64.7 days for the same period a year ago.
• View Unsold Inventory by price range.

Information provided by CAR.

New Homeowner Program: Buy a Home With No Money Down!

New Homeowner Program: Buy a Home With No Money Down!

WHITTIER, CA – In the past 30 days, 159 buyers have contacted Delgado Realty about buying a home!!!  "These are first time buyers who want to take advantage of the record low interest rates, 2003 home prices and for a limited time first time home buyer programs that enable these buyers to buy a home with a mortgage payment that is cheaper than rent.”  Our team currently has 210 buyers in our Buyers in Waiting program, which this number is expected to top 300 by year end!

I meet people all the time who are more than qualified right now to buy the home they dream of, but continue to slave away, paying their landlord's mortgage.  Says David Delgado of Delgado Realty. "People wrongly focus on the down payment as the stumbling block which prevents them from even considering - a home purchase.  By challenging this old thinking and working with area lenders, I have perfected the ultimate first time buyer program", says Delgado, "I've mastered helping people become homeowners that they previously thought was years away."

Delgado Realty conducts a Tour of Bank Foreclosures for first time buyers every weekend! These tours feature some of the best real estate deals in Whittier, both on and off the MLS.  Each tour includes a sampling of foreclosures, short sales, and other types of distress sales. This is a great opportunity to view some of the fantastic buying opportunities that are currently available in our local market.  At the rate these properties are selling, we don’t expect these great deals to last much longer!

According to the California Association of Realtors (C.A.R.'s)® First-time Buyer Housing Affordability Index (FTB-HAI) is at an all time high. The index is expressed as a percentage and it is used as measuring stick of how affordable for a first time buyer to enter into the housing market.  To give you an example, in Los Angeles County Quarter 1 2007 the FTB-HAI was at a all time low at 29% while the median home prices were at $478,525 vs 4th Quarter 2011 FTB-HAI is at 67%! This is a result of record low interest rates, low to no money down payment programs and the home prices at or near the levels in 2003.  This is a ripe formula for a mortgage payment that is cheaper than paying rent!

To receive a free special report entitled, "How to Buy a Home With Zero Down" which reveals how this new and innovative program can get you into this housing market immediately and with absolutely no down payment, call 1-800-270-9096 #1025 recorded message) or contact David Delgado at 562-252-7889 or visit www.DavidDelgadoRealty.com