Ok, I admit it. I missed my August Newsletter. The last few months have been so busy, I failed in my task to complete my newsletter.
As I write this, this week is projected to bring us yet
another heat wave. Now I am regretting
my complaints about the cool start to summer.
We've all had too much fun, and now it is time for back to work and school! Rates have begun to come down, and a few more properties have come onto the market. Although prices have begun to decrease slightly in some areas, here in Orange County we have the great good (or bad?) fortune of having prices hold, and even continue to increase. One of the markets in high demand.
As soon as rates normalize at or below 6% we expect to see a
much higher level of activity. We are
getting closer, but not quite there.
Please remember our mantra:
waiting will only bring more competition for properties and there is
tremendous pent-up demand. Too many on
the sidelines, for far too long.
INSURANCE WOES
Insurance is the bogeyman in the picture! We continue to face many hurdles with home
insurance whether for condos or single family homes, or even commercial space. Some of the insurers who left the market have
returned, but with higher rates as now allowed by our insurance commissioner.
Before you complain, please understand that our country (and
the world) are experiencing a much higher number of natural disasters…hurricanes,
fires, floods, mudslides etc. etc.
Insurance companies are not non-profits.
They can’t continue to lose money.
Real estate ownership is still the best investment you can
make, hands down. In the long term you will reap many rewards and provide for
future generations.
This summer for us was filled with quick trips here and
there… Boulder for a wedding; girl’s
trip to La Quinta; a week in the Eastern
High Sierra with almost the entire family;
Paso Robles for wine; Catalina
for swimming and snorkeling; grandkids
sailing championships in San Diego; and grandkids sailing lessons in Dana Point; music events at the Festival of the Arts in
Laguna; the Pageant of the Masters. Steve had a show in the Art-A-Fair in Laguna,
along with an ongoing exhibit at Studio 7.
We feel incredibly blessed with friends, family, health and happiness.
Here’s to Fall!
Bring it on! Football has started! And, USC won their opener! 😊