Vol. 1 Issue 4 | June 2018
the power is now R E A L
E S T A T E
M A G A Z I N E
Featured Listing: 11733 Rose Anderson Rd Middletown 95461 Pg. 12
The Inland Housing Market Los Angeles Home Prices Continue to Soar Higher San Diego Real Estate Market Forecast: Housing Market Predictions
the power is now REAL ESTATE MAGAZINE THE POWER IS NOW INC. Vol. 01 | Issue 3
Eric Lawrence Frazier, MBA President and CEO Office: (800) 401-8994 Ext. 703 Direct: (714) 361-2105 Eric.Frazier@ThePowerIsNow.com www.thepowerisnow.com www.blogtalkradio.com/thepowerisnow
EDITORIAL TEAM Eric Lawrence Frazier MBA Editor in Chief (800) 401-8994 Ext. 703
Goldy Ponce Arratia Graphic Artist and Design Manager (800) 401-8994 ext. 711 goldy.ponce@thepowerisnow.com
online homebuyer’s seminar • Learn about the state of housing and the Wealth Gap • Learn about Zero Down Payment Home Loans on 1 to 4 units • Learn about Down Payment Assistance Programs with state, county and city • Learn about partnership strategies to buy your first home • Learn how to buy a 4 unit home as a first time home buyer Presented by: Eric Lawrence Frazier, MBA
CalBRE # 01143484 | NMLS # 461807 www.thepowerisnow.com eric.frazier@thepowerisnow.com Ph: 714-475-8629 | F: 800-261-1634
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the power is now REAL ESTATE MAGAZINE CEO & Publisher Eric Lawrence Frazier, MBA 3739 6th Street, Riverside, CA 921506 Ph: (800) 401-8994 ext. 703 EDITORIAL Editor in Chief: Eric Lawrence Frazier MBA Managing Editor: Daniel Mungai ONLINE Web Designer: Design Box DESIGN Art Director & Design Manager: Goldy Ponce ADMINISTRATIVE Administrative Assistant: Kendra Gedeon
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STATEMENT OF COPYRIGHT: The Power Is Now Real Estate Magazine™ is owned and published electronically by The Power Is Now, Inc. Copyright 2013-2018 The Power Is Now Inc. All rights reserved. “The PIN Magazine” and distinctive logo are trademarks owned by The Power Is Now, Inc. “ThePINMagazine.com”, is a trademark of The Power Is Now, Inc. “Magazine.thepowerisnow.com”, is a trademark of The Power Is Now, Inc. “Thepowerisnow.com”, is a trademark of The Power Is Now, Inc. “The Power Is Now Event Management”, is a trademark of The Power Is Now, Inc. “The Power Is Now Radio”, is a trademark of The Power Is Now, Inc. “The Power Is Now Publications”, is a trademark of The Power Is Now, Inc. “The Power Is Now Radio Guide”, is a trademark of The Power Is Now, Inc. “The Power Is Now VIP Agent Program”, is a trademark of The Power Is Now, Inc. “The Power IS Now Power Consulting/Coaching”, is a trademark of The Power Is Now, Inc. “The Power Is Now Association Management”, is a trademark of The Power Is Now, Inc. No part of this electronic magazine or website may be reproduced without the written consent of The Power Is Now, Inc. Requests for permission should be directed to: info@thepowerisnow.com 3
Our Professional Realtors ERIC LAWRENCE FRAZIER, MBA CA BRE: 01143484 | NMLS 461807
CHRISTINA KIMBLE CA BRE: 01395886
Phone: (800) 401-8994 x 703 Direct: (714) 475-8629 eric.frazier@thepowerisnow.com
Phone: (800) 401-8994 x 705 Direct: (714) 709-1394 christina.kimble@thepowerisnow.com
DANON BURNSIDE CA BRE: 01835853
LANISE SPANN CA BRE: 01143484 | NMLS 461807
Phone: (800) 401-8994 x 724 Direct: (951) 205-5796 danon.burnside@thepowerisnow.com
Phone: (800) 401-8994 x 703 Direct: (707) 297-0398 lanise.spann@thepowerisnow.com
DONALD DRAKE CA BRE: 01256986
LEON TOWNSEND CA BRE: 01979416
Phone: (800) 401-8994 x 755 Direct: (714) 724-3604 donald.drake@thepowerisnow.com
Phone: (800) 401-8994 x 733 Direct: (626)372-9374 leon.townsend@thepowerisnow.com
CHARLENE NEELY CA BRE: 01235710
LATRESEYA MORALES CA BRE: 02034858
Phone: (800) 401-8994 x 740 Direct: (510) 435-0648 charlene.neely@thepowerisnow.com
Phone: (800) 401-8994 x 735 Direct: (818) 853-1831 latreseya.morales@thepowerisnow.com
SHALONDA PILGRAM
DAVID ELLIS CA BRE: 01970680
CA BRE: 01994236 Phone: (800) 401-8994 x 730 Direct: (951) 704-2590 shalonda.pilgram@thepowerisnow.com
thepowerisnowrealestateservices.com
Phone: (800) 401-8994 x 744 Direct: (909) 560-1091 david.ellis@thepowerisnow.com
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SYLVIA YOUNG CA BRE: 01039092
ALEXANDRA TREFRY CA BRE: 01987453
Phone: (800) 401-8994 x 734 Direct: (510) 821-2599 sylvia.young@thepowerisnow.com
Phone: (800) 401-8994 x 753 Direct: (707) 494-2028 alexandra.trefry@thepowerisnow.com
LINDA QUINN CA BRE: 01341680
ROBIN DAVIS CA BRE: 01971982
Phone: (800) 401-8994 x 738 Direct: (714) 944-2233 linda.quinn@thepowerisnow.com
Phone: (800) 401-8994 x 706 Direct: (925) 565-484 robin.davis@thepowerisnow.com
APRIL HARRIS CA BRE: 01988009
CLASSYE JAMES CA BRE: 01991620
Phone: (800) 401-8994 x 717 Direct: (707) 814-5457 april.harris@thepowerisnow.com
Phone: (800) 401-8994 x 743 Direct: (650) 804-8326 classye.james@thepowerisnow.com
ALSHAUN RODGERS CA BRE: 01374164
LINDA LARSON CA BRE: 01183012
Phone: (800) 401-8994 x 742 Direct: (310) 227-2247 alshaun.rodgers@thepowerisnow.com
Phone: (800) 401-8994 x 702 linda.larson@thepowerisnow.com
SHALONDA PILGRAM
TIANA OWENS CA BRE: 01998032
CA BRE: 01994236 Phone: (800) 401-8994 x 730 Direct: (951) 704-2590 shalonda.pilgram@thepowerisnow.com
Phone: (800) 401-8994 x 704 Direct: (949) 393-8020 tiana.owens@thepowerisnow.com
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The Inland
Housing Market
thepowerisnowrealestateservices.com
T
his year look like a good year for real estate in the Inland Empire as all pointers indicate more home building and better sales. 2018 may or may not be the year houses will be built to keep up with the demand for home in the inland empire.
Last year was solid, marked with construction of new housing units in Riverside and San Bernardino counties meaning that 2018 will favor most buyers. This market forecast assumed that unemployment levels in Inland Empire remained at the same level or even lower, and the interest rates remained rational to most people, depending on the state of the economy. The Empire economy remains relatively very strong, and it is not about to slow. All the indicators suggest a more thriving market for this year from the conditions there in 2017. For the next year or two, job growth is expected to grow at its current rate. According to UC Riverside School of Business Center for Economic Forecasting and Development, the rates may taper to two or 2.5%.
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the Inland Empire. Millennials will start buying housing units whilst more communities for older people, 55 years and above will be built.
Inland Economy grows stronger More economic activities are expected in California and its various sub-markets with the construction of new housing units expected to be the ma jor boost for jobs. The Single family home prices both in Riverside and San Bernardino counties may go up 5-6% in the next two years. Tight supply in the market is forcing prices to go higher. California isn’t doing enough building to meet the rising demand and the renters. The economy, however, is strong, not only in the Inland Empire, but all over California and this year’s focus will ma jorly lean on single family housing construction in
Escrow closings for the Single-family homes will rise about 10% this year compared to 2017. The federal housing administration made some changes in favor of the housing market, especially on the issue to do with the loan requirement. The changes will make it easier for more people to buy homes with a 3.5% down. The tax reform will spur economic growth statewide and perhaps boost the housing market. The National Association of Home Builders predicts that this law may bring about positive impact on the market but many experts in the home building industry remain skeptical about this issue. It is too early to tell what’s in the law.
rebounded to 11%. The recovery has not yet materialized as the annual sales volume continues to traipse along. Homes sells when there is a homeowner or renter turnover.
In the Inland Empire, the number of the homeowners and renters peaked in 2009 which was largely contributed by the tax stimulus coupled up with the highest foreclosure rates. This effect temporarily lifted sales volume because the tenants became the homeowners. Since then, the turnover has precipitously declined as the end users have chosen to remain where they are. If the wages and employment catch up with the population gains, turnover rates will rise.
Sales volume remains low Sales volume, especially in Riverside County since 2011 has remained relatively level in the years with the exception being in 2014 where there was a mass exit by the speculators. The sales in the region recovered in 2015 when the home sales
Source; http://iebusinessdail y.com/ inland-housing-market-shouldbe-strong-in-2018/
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APRIL HARRIS
MLS # 01988009 Phone: (800) 401-8994 x 717 Direct: (707) 814-5457 april.harris@thepowerisnow.com www.thepowerisnow.com
3600 Shoreline View Wy , Kelseyville 95451 2 Bedrooms, 3 bathrooms, 2,486sqft, 6,806sqft lot, $170.96/sqft Price: $425,000
Preferred Lender
Imaging waking up to a view of Clear Lake overlooking the Konocti Harbor Resort and Spa! When the Spa re-opens, enjoy free outdoor concerts!! AS-IS “Diamond in the Rough� custom home with a Million Dollar View at a fraction of the cost. Remodel began; the NEW OWNERS can refine the finishing touches. The floor level boasts a two car garage and large shop area in the garage. The lower level entrance begins with a bonus room/ library, a bedroom with full bath (recently remodeled with wood flooring, tile and new bath fixtures and lighting).
ERIC LAWRENCE FRAZIER, MBA CA BRE: 01143484 | NMLS 461807 Phone: (800) 401-8994 x 703 Direct: (714) 475-8629 eric.frazier@thepowerisnow.com www.thepowerisnow.com
3965 Oak Av Clearlake 95422
2beds
2baths
2,208 sqft 9,855 sqft lot Built in1971
APRIL HARRIS
MLS # 01988009 Phone: (800) 401-8994 x 717 Direct: (707) 814-5457 april.harris@thepowerisnow.com www.thepowerisnow.com
$249,000
$112.77/sqft
LOS ANGELES home prices continue to soar higher
H
omes in LA are expensive, but a recent report from CoreLogic shows that prices have inflated to an extent that they are overvalued. Over the last year, there has been a 7.8% rise in Los Angeles sales prices, which serves an incontrovertible evidence that the rising cost may be outpacing the buyers’ ability to pay for them. June 2017 was the period when home sales in Los Angeles hit all-time highs. This new report shows that since then, sales prices have been rising significantly and now, overvalued. The soaring prices are directly related to the historically low interest rates for the homebuyers. Therefore, buyers should proceed with caution as the rates are rising rapidly, which prevents buyers from entering the market. The prices may slow down, but not stop over the next year. Plenty of people will be looking to buy in Los Angeles while the number of the units to buy from
thepowerisnowrealestateservices.com
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are relatively exceptionally low. Soaring demand faced with limited supply results in price growth. To restore normalcy in Los Angeles, the following three things need to happen, there needs to be another recession which would correct the market or the income needs to rise or the home prices lower. In March 2018 Los Angeles market faced a record-high price, the median sales price hit $585,000 and compared to 2017(same period) the figure represents 6.6% rise. This means that the rising interest rates on mortgage loans have not slowed the rising home values. The rising Interest costs have driven the home prices even higher. The aggregate number of homes sold in LA for the month of March was up nearly 43% over February. Even though lower than the previous year, none of this seems to deter the buyers. The
cost of buying in LA has risen progressively since the great recession. Prices now are more soaring than they previously were prior to the mortgage crisis. However, there is still some room for growth, when the figures are adjusted for inflation the median prices are 13.4% below the levels reached in July 2007.
Sources; https://www.ocregister.com/2018/01/04/ no-end-in-sight-housing-market-still-has-legseconomists-say/ https://www.ocregister.com/2017/06/25/howmuch-longer-can-home-prices-keep-going-up/ http://losangeles.cbslocal.com/2018/04/23/ record-home-price-la-county/
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OFFERED AT $55,500
APRIL HARRIS
CalBRE # 01988009 Phone: (800) 401-8994 x 717 Direct: (707) 814-5457 april.harris@thepowerisnow.com www.thepowerisnow.com
ALEXANDRA PHILLIPS
CalBRE # 01987453 Phone: (800) 401-8994 x 753 Direct: (707) 494-2028 alexandra.phillips@thepowerisnow.com www.thepowerisnow.com
11733 Rose Anderson Rd Middletown 95461 Bring plans for your dream home in the Historic Anderson Springs Community that is thriving and rebuilding! This oversized corner lot is ready for construction. Never developed with healthy, mature trees remaining after the fire. Community sewer hookup service is already accounted for when new system is operational, water connection is in place. Within a short distance for a nature walk to the spring which runs through the community or to the clubhouse/pool. Owner may be willing to sell adjacent lot to expand your estate, which has a septic system in place.
19734 Park Hill Rd | Middletown 95467
$39,900
BRING YOUR PLANS, CAMP GEAR and GOLF CLUBS to build your lovely private estate w/ possible in-law unit! These combine lots (141-461-04 and 141-461-03, must be sold together) total .65 acres of never developed land in the exclusive community of Hidden Valley Lake. The land is situated centered on a short street with a panoramic view of Cobb Mountain and Mt. Saint Helena. Mature trees provide a canopy of shade.The community hosts lots of special features such as a community center, horse trails and a KOA campground. Located a short distance to the 18-hole golf course/ Pro Shop, shopping center and the historic community of Middletown, situated at the southern Gateway to Lake County. Hidden Valley Lake is a reasonable commute to the Bay Area, Napa and/or Sonoma Counties to the south or Colusa and Yolo Counties to the North. Soil analyses on file, water hookup, electricity, cable and phone are available.
APRIL HARRIS
CalBRE # 01988009 Phone: (800) 401-8994 x 717 Direct: (707) 814-5457 april.harris@thepowerisnow.com www.thepowerisnow.com
ALEXANDRA PHILLIPS
CalBRE # 01987453 Phone: (800) 401-8994 x 753 Direct: (707) 494-2028 alexandra.phillips@thepowerisnow.com www.thepowerisnow.com
2360 Spring Valley Rd - Clearlake Oaks 95423
$35,000
• 0.211 acres • $165,877 Per Acre
APRIL HARRIS MLS # 01988009 Phone: (800) 401-8994 x 717 Direct: (707) 814-5457 april.harris@thepowerisnow.com www.thepowerisnow.com
ALEXANDRA PHILLIPS
CalBRE # 01987453 Phone: (800) 401-8994 x 753 Direct: (707) 494-2028 alexandra.phillips@thepowerisnow.com www.thepowerisnow.com
This is a rare find for Spring Valley -- water available, soil test on file and architectural plans for a 3/2 home comes at this very affordable price. Corner lot with flat terrain with mountain views. Easy access to HWY 20 -- within 2 hour of Sacramento and San Francisco. Enough room for 4-H and FFA projects; close to the Cache Creek Winery to entertain out of town guests.
APRIL HARRIS
MLS # 01988009 Phone: (800) 401-8994 x 717 Direct: (707) 814-5457 april.harris@thepowerisnow.com www.thepowerisnow.com
Great opportunity to build a home on a major thoroughfare in the City of Clearlake. A little bit of country in a growing metropolitan area of Lake County. Just blocks from major shopping center, banking institutions, movie theater, restaurants and the lake; just seconds off the main highway. Easy access from Hwy 20 corridor (from Colusa or Sacramento) or from Highway 29/53 intersection (from Napa/ Sonoma Counties). Fairly priced for a quick sell.
About 3398 Brown St , Clearlake 95422 Price: $22,000 Lot Acres: 0.1148 $/Acre: $191,638 Lot SqFt: 5,000 ALEXANDRA PHILLIPS
CalBRE # 01987453 Phone: (800) 401-8994 x 753 Direct: (707) 494-2028 alexandra.phillips@thepowerisnow.com www.thepowerisnow.com
LOTS/LAND LISTINGS 20458 E State Hwy 20 , Clearlake Oaks 95423
$475,000 A rare opportunity to own 249+ acres located above State Highway 20, east of Spring Valley.100+ plant-able acres. Expansive holding with panoramic views, behind a locked gate. Multiple sites for potential building(s). This property has rolling hills, gullies, seasonal springs, scrub brush, oak and pine trees (in clusters to provide necessary cover during summer months and inviting meadows for grazing and/or picnics. Purchased decades ago as a family hunting camp. Unlimited opportunities as a family retreat/ farm, vineyard, orchard, etc.
APRIL HARRIS BRE # 01988009 Office: 800-401-8994 x 717 Direct: 707-814-5457 Email: april.harris@thepowerisnow.com
LOTS/LAND LISTINGS A P R I L H ARRIS BRE # 01988009 Office: 800-401-8994 x 717 Direct: 707-814-5457 Email: april.harris@thepowerisnow.com
3391 Boxwood St , Clearlake Park 95422
$5,000
A lot in one of the last under-developed in Clearlake. Lots of potential with few neighbors and within walking distance to the elementary school and a short distance to the lake, park, restaurants and shopping. 5,232 sqft lot, 0.12 acres, $0.96/sqft
3730 Koloko St , Clearlake 95422
$9,500
Vacant lot in an established community not far from Austin Park and Clearlake PD. Close to shopping, restaurants and other amenities. 4,636 sqft lot, 0.11 acres, $2.05/sqft
RIVERSIDE HILTON HOTEL
WILL
BOOST DOWNTOWN RIVERSIDE
T
here is no better time to invest in Riverside. After years of struggle, the city’s economy has taken a huge up turn as the many developments in Downtown Riverside can show, proving that is the very best moment to invest in the city. In fact, Riverside Downtown will begin its transformation after the City Council approved on Tuesday May 8th, 2018 a Purchase and Sale Agreement with Greens Group, which will turn the iconic 1957 Downtown Fire Station into a luxurious 161-room Hilton Hotel.
An opportunity not to be missed for future landowners interested in the area. The new Riverside Hilton Hotel will be built using part of the historical architecture of the fire station by transforming the old building into the new hotel’s lobby and hotel restaurant . Another ma jor renovation include a second-level pool deck with fire pit among with many other amenities.
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The seven-story hotel will delight guests with its spectacular views of Downtown Riverside and all the recognition of Hilton Worldwide There are mayor expectations regarding this project, as Mayor Rusty Baily showed recently when asked about the new Hilton Hotel, “Downtown Riverside is in the midst of an investment boom that is preserving our historic architecture while also creating exciting developments like this”. The old station was considered seismically unsafe and had fallen in disuse. This why the fire department had been moved to a new location in 2011 . “The public investments the City made through the Riverside Renaissance continue to show dividends in the form of private investments like the Riverside Hilton.” Mayor Rusty Baily said Downtown Riverside has received at least $1 billion of private and public investment in last few years. The new Hilton Hotel will join other developments such as the 132,000- ft2. Citrus Tower office building, the new Downtown Fire Station, the widening of the Interstate 215 Freeway, the 29,000 ft2 Riverside Convention Center expansion; 125-room Hyatt Hotel, Fox Performing Arts Theater renovation, Fox Entertainment Plaza, Downtown Parking Garage No. 7, among many others. The Riverside Hilton Hotel will also be part of a vibrant entertainment and arts district. “Riverside is the arts and entertainment capital of Inland Southern California”, said mayor Pro Tem Chris MacArthur. The district serves as home to the Riverside Convention Center, the Municipal Auditorium, the Riverside Art Museum, Riverside Metropolitan Museum and the Fox Performing Arts Theater, which according to MacArthur, has helped create “a place where people want to be.”
In fact, Downtown Riverside’s booming economy has boosted local food entrepreneurs. Many restaurants and breweries have opened the area recently such as the Salted Pig, W. Wolfskill, Heroes Restaurant and Brewery, Le Chat Noir, Bella Trattoria, Brickwood Tavern, Romano’s Restaurant and Concert Lounge, Proabition Whiskey Lounge, Mezcal Cantina. Managing Principal of the Greens Group, Atman Kadakia also mentioned, “Greens understands how important this project is to the downtown core and will work diligently to bring a development that the entire community will be proud of.” Greens group is a privately owned real estate and development company founded in Irvine 1996. Built on the belief of deep values, it has performed extremely well recently by making prudent investments, managing assets efficiently and keeping an effective operation . The company also said that it “is honored to have the opportunity to work with the City of Riverside to adaptively reuse the former historic Downtown Fire Station No. 1 and to develop a new hotel opportunity at this location”. As part of the Hilton Worldwide, the Riverside downtown hotel will bring to its guests the best comfort that 95 years of experience can offer. The hotel will certainly boost tax revenue collection from the area and will create at least 25 direct permeant jobs in the local economy without taking into account related business. Investing in the area or purchasing property is then an opportunity that cannot be missed as it will sure will sure increase in value once the hotel is opened.
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$55,000
5718 PONCA WY
0.209 acres $263,158 per acre
APRIL HARRIS
CalBRE 01988009
(800) 401-8994 x 717
$25,000
KELSEYVILLE 95451
(707) 814-5457
www.thepowerisnow.com april.harris@thepowerisnow.com
9548 TIMBERLINE CT KELSEYVILLE 95451 0.1424 Acres • $175,562 Per Acre
APRIL HARRIS
CalBRE 01988009
(800) 401-8994 x 717
(707) 814-5457
www.thepowerisnow.com april.harris@thepowerisnow.com
NEW MARKETING SESSIONS
Your voice is your brand! Increase lead generation, and give you the POWER to close more deals! • Streamed live on Facebook, and are rebroadcast on BlogTalkRadio which is syndicated to iTunes, TuneIn and many other online radio platforms. During the show each agent and their listings are featured for approximately five minutes to discuss why buyers should consider buying their listing(s). In addition, each agent will be given an post-show opportunity to launch a customized marketing campaign to get additional exposure.
Every Thursday 12:30 PM - 1:30 PM Promote Your Listings Online
• These sessions provide real estate agents and brokers a powerful marketing opportunity to access The Power Is Now Network of Agents nationwide and our audience of prospective buyers and sellers that is 1 million strong and growing.
CALL ME FOR MORE INFORMATION ERIC LAWRENCE FRAZIER MBA
CA BRE: 01143484 | NMLS 461807 The Power Is Now Inc. CA BRE: 1980407 | NMLS 1435243
Website: www.thepowerisnow.com Email: eric.frazier@thepowerisnow.com Mobile: 714-361-2105 Office: 800-401-8994 ext. 703
SAN DIEGO
Real Estate Market Forecast Housing Market Predictions
S
an Diego is a city well positioned for real estate and a considerable housing demand and with the extremely high home prices. It is the right time to sell properties in San Diego as the trends clearly show that the prices are rising and a scarcity of properties in the area has been pressuring prices for a hike. Experts points out two ma jor causes for this effect. One is that there is lack of housing development and urban intensification and the other cause contributing to this upward surge is that politicians may be trying to suppress growth in San Diego. The housing problems in San Diego has been concocting for over 7 years now. An effect largely contributed by the labor shortages and rising mortgage interest rates among many other causes. Yet for some people, San Diego is the perfect place for real estate investment. Investors who want to capitalize on the severity of the housing dearth in San Diego, this is the right time to make sales for the rental properties. The prices could alleviate even further if a sizeable portion of San Diegans decide to hold on a bit longer to their properties for another 20%. Chances are, there will be no big sell off anytime making the prices to rise. However, if the government offer incentives to the homeowners encouraging them to let go off
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their properties, this situation could be resolved. More properties would be on the market, partially feeding the excess demand and the prices could go down. Conversely, none of that is happening, meaning that prices may continue to rise even higher. During the great recession in 2008, the home prices in San Diego dipped. Nonetheless, the prices began rising steadily hitting the all-time record high and passing it in 2017. The all-time high home price during this peak was in June 2017 where the record hit $545,000, it has never been that high.
Low priced properties could see the greatest price increase Low priced properties are likely to see huge price growth in 2018. Luxurious properties during the 2007 real estate crush saw a huge drop and people are wondering if this is a San Diego housing bubble, as part of a larger US housing crash, could the same situation re-occur? It may look like we are headed for a housing bubble but that is far from truth. Most experts are optimistic and they believe that California and San Diego markets are stronger than never before. San Diego continues to rise from the 2008 recession and the financial crisis. The job market and the income are also growing stronger, however, residential unit construction seems to have slowed down if not stopped, or if there are any constructions going on, they are insignificant to meet the growing demand.
Multi-Family residential unit construction seems to have grown quicker than the SingleFamily Residential unit construction. The growth of Multi-Family Residential units will continue to rise all through to 2020 since there is a shift from Single Family Residential to rentals which fuels the growth of Multi-Family Residential units. San Diego may also be faced with a possibility that vacancy rates may increase as tenants are opting for homeownership.
Cyclical peak The end users yet to return to the market may be the reason why San Diego is experiencing Flat Sales volume. Since 2017, the volume has continued to slow which follows an increase in mortgage rates. Job market will not fully recover until sometime this year or next year factoring in the population gain. When this happen, the home sales will take off reaching the cyclical peak sometime in the years 2020-2021.
Sources https://www.whisselrealty.com/blog/2018predictions-for-the-san-diego-real-estatemarket/ https://www.sandiegorealestatehunter. com/blog/san-diego-real-estate-marketforecast-2018/ http://delmar.typepad.com/ brianbrady/2017/12/2018-san-diego-real-estatemarket-and-housing-outlook.html
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homebuyer’s workshop JOE L. FISHER
BROKER CO-HOST JLFISHER180@YAHOO.COM FISHER REALTORS
ERIC LAWRENCE FRAZIER MBA SPEAKER | PRESIDENT & CEO CALBRE # 01143484 | NMLS # 461807 OFFICE: 800-401-8994 X 703 ERIC.FRAZIER@THEPOWERISNOW.COM
WWW.THEPOWERISNOW.COM
REGISTRATION: WWW.BUYHOMESEMINARS.COM
• Learn about the Housing Crisis in California • Learn about the Wealth Gap for Minorities • Learn about State of California Housing Finance Agency Programs • Learn about Zero Down Payment Programs • Learn about buying land & building a home with zero to low down payment Government financing • Learn how to buy a 4 unit apartment building as a first time home buyer • Learn about partnership strategies to buy your first home with friends and family. • Learn about special financing programs for teachers and HUD Home for Sale
THURSDAY, june 21 7:00 - 9:00 pm fisher realtors nmls 01070856 180 broadway st ste. a richmond ca 94804
The Power Is Now Mortgage Services is a Mortgage Brokerage licensed by the State of California Bureau of Real Estate (license #1980407) and the National Mortgage License System and Registry (license #1435243), and is a division of The Power Is Now Inc. (license # 01980407). The Power Is Now Inc. is not affiliated with any state or federal agency. The Power Is Now Real Estate Services is also licensed by the State of California Bureau of Real Estate (licensed #01980407), and is a division of The Power Is Now Inc. The Power Is Now Inc., is an equal housing lender.Our corporate office is located at 3739 6th Street Riverside, CA 92501. Our Telephone and Fax number is 800-401-8994. Eric Lawrence Frazier MBA, is a California licensed Loan Originator (NMLS license # 461807), and a licensed Real Estate Broker (CA Bureau of Real Estate license #01143484). Restrictions may apply to all loan programs. The Information and/or data is subject to change without notice. All loans are subject to credit approval. The information presented is not a commitment to lend or extend credit. Not all loans or products are available in all states. The Power Is Now Mortgage Services and Real Estate Services are A Division of The Power Is Now Inc., and are only licensed to conduct business in the State of California.
homebuyer’s workshop church of all faiths
• Learn about the Housing Crisis in California HOST / ASSOCIATE BROKER • Learn about the Wealth Gap for Minorities CALBRE # 01235710 • Learn about State of California Housing OFFICE: 800-401-8994 EXT. 740 Finance Agency Programs MOBILE: 510-435-0648 • Learn about Zero Down Payment Programs WITH PASTOR, • Learn about buying land & building a JEFFREY M. PARKER SR. home with zero to low down payment Government financing ERIC LAWRENCE FRAZIER MBA • Learn how to buy a 4 unit apartment building as a first time home buyer SPEAKER | PRESIDENT & CEO CALBRE # 01143484 | NMLS # 461807 • Learn about partnership strategies to buy your first home with friends and family. OFFICE: 800-401-8994 X 703 ERIC.FRAZIER@THEPOWERISNOW.COM • Learn about special financing programs for WWW.THEPOWERISNOW.COM teachers and HUD Home for Sale
CHARLENE NEELY
REGISTRATION: WWW.BUYHOMESEMINARS.COM
saturday, june 23 11:00 am - 1:30 pm
CHURCH OF ALL FAITHS 2100 5TH AVENUE OAKLAND, CA. 94606
The Power Is Now Mortgage Services is a Mortgage Brokerage licensed by the State of California Bureau of Real Estate (license #1980407) and the National Mortgage License System and Registry (license #1435243), and is a division of The Power Is Now Inc. (license # 01980407). The Power Is Now Inc. is not affiliated with any state or federal agency. The Power Is Now Real Estate Services is also licensed by the State of California Bureau of Real Estate (licensed #01980407), and is a division of The Power Is Now Inc. The Power Is Now Inc., is an equal housing lender.Our corporate office is located at 3739 6th Street Riverside, CA 92501. Our Telephone and Fax number is 800-401-8994. Eric Lawrence Frazier MBA, is a California licensed Loan Originator (NMLS license # 461807), and a licensed Real Estate Broker (CA Bureau of Real Estate license #01143484). Restrictions may apply to all loan programs. The Information and/or data is subject to change without notice. All loans are subject to credit approval. The information presented is not a commitment to lend or extend credit. Not all loans or products are available in all states. The Power Is Now Mortgage Services and Real Estate Services are A Division of The Power Is Now Inc., and are only licensed to conduct business in the State of California.
Home Ownership
Home ownership brings stability to individuals and families who have never had a dwelling place that they could call their own. There is something special about owning real estate that is unlike anything else on earth you can own. Real Estate you own is not like cars that decay over time and you have to replace them. Real Estate you own is not like clothes that go out of style and you have to buy new ones. Real Estate you own is not like expensive vacations or experiences that only last a moment in time. Real Estate you own is not like an apartment where the landlord may increase the rent until it’s no longer affordable. Real Estate you own is not like staying at your parents house where you know can’t stay forever. Home ownership is the beginning of wealth that increases over time and becomes your estate & legacy Home ownership is the pride of a mother nurturer and the kitchen her domain Home ownership is the pride of a father provider and protector of his territory and family. Home ownership is the foundation of permanence and the place where life happens, birthdays celebrated, deaths mourned. Home ownership is the place you build memories that can never be taken from you. Memories etched in walls and concrete, experienced in rooms and floors, Memories living in trees and shrubs planted by your hand. Howe ownership is the manifestation of you - your style, your colors, your smell, your stuff, your junk, your memories, your yard and your spaces, your life. It’s the height markers on your first child’s bedroom wall. It’s the hearts drawn in the concrete slabs when you pour your patio floor It’s the birthday parties, and anniversaries in the living room and kitchen. It’s the back yard barbecue with friends, neighbors and family contentions it’s the high school and college graduation, and wedding receptions Its’ the family nights and block parties and the fellowship of family connections Home ownership It’s more than real estate. Land, brick and mortar, wood frame construction and chicken wire. It’s more than money saved, gifts recieved and grants obtained It’s more than the debt you incur to buy it. It’s more than the payments you make to own it. It’s more than the appreciation that comes with keeping it over time. It’s memories, it’s family, and it’s life that can happen in one place Until you say it’s time to move.
By Eric Lawrence Frazier MBA CA BRE 01143484 | NMLS 461807
Want to Advertise With Us? 1/2 Horizontal ad space Cost: $ 597.00 Trim 7,767” x 4.85” Full bleed 8.267” x 4.85”
Full page ad space Cost: $ 797.00 IFC: $ 1.197.00 IBC: $ 2.297.00 Backcover: $ 1.397.00 Trim 7,767” x 11.192” Full bleed 8.517” x 11.942”
1/4 Vertical ad space Cost: $ 397.00 Trim 3.8” x 4.85” Full bleed 4.85” x 4.85”
Image Requirements: All images provided for ads should be highresolution 72 dpi RGB files, PDF or TIFF file recommended. TPIN Magazine is not responsible for any errors in content. If files are prepared improperly or mechanical requirements are not met, TPIN Magazine does not guarantee the reproduction of the ad. Advertising copy, design and orders are subject to TPIN’s acceptance. TPIN reserves the right to reject or cancel any advertisement that does not conform to editorial or graphic standards of the organization. Final ad position is at the discretion of TPIN Magazine. Advertising agencies are responsible for payment of all advertising space ordered. All ads submitted should be suitable to print as is. TPIN is not responsible for any errors in content. If files areprepared improperly or mechanical
1/8 Ad space Cost: $ 297.00 Trim 3,8” x 2.4” Full bleed 4.85” x 2.4”
requirements are not met, ThePowerIsNow does not guarantee the reproduction of the ad. Please submit all ad materials to: goldy.ponce@thepowerisnow.com christina.kimble@thepowerisnow.com Any questions about ad submission or specifications can be addressed via e-mail: christina.kimble@thepowerisnow.com goldy.ponce@thepowerisnow.com Too technical? Let us design it for you with ThePowerIsNow Platinum Marketing Service. E-mail goldy.ponce@thepowerisnow.com for more details.
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