Real Estate

  • The 5% Solution

    First-time homebuyers face several challenges, not the least of which is coming up with the money for a down payment. If you only have $10,000 to put down, that limits your options. I’m Scott Chappell, and I’ve been working with buyers and sellers for more than four decades. With the median price of a home […]

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  • The American Dream (In Flames?)

    As we celebrate the 50th anniversary of the Fair Housing Act, it’s interesting that ‘The American Dream (In Flames)’ was the title of a presentation to Directors of the California Association of Realtors® delivered by CAR CEO Joel Singer last week during our Legislative meetings in Sacramento. That was during a week that saw additional […]

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  • There’s A Strong Probability

    For some reason people frequently ask me what comes next for our overheated housing market. To this I honestly reply that I am nearly as clueless as they are. But there are some probabilities and even some strong possibilities about what could happen. Like everyone else, I rely on a cadre of prognosticators to inform […]

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  • The Trump Slump!

    January was a slow month for housing so why not blame it on something the President said or did? It’s a popular pastime these days. But, of course we knew January was going to be slow anyway. History has proven that, so it wasn’t a big surprise, but it’s still nice to have a scapegoat. […]

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  • Liberty Real Estate Services

    I’m Scott Chappell, and I’d like to talk with you about the 1031 Exchange process. I was getting my hair cut the other day and my stylist told me she had sold a rental property and they wanted to do a 1031 Exchange to purchase a piece of land. When they spoke with their CPA […]

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  • No End in Sight?

    So, looking back, 2017 was a pretty decent year for our local housing market. After the big fade in November, sales bumped up just enough in December to keep my forecast of 12,000 sales viable. Just barely. The computer tells me, (and computers are seldom wrong), that we finished the year with 12,017 sales while […]

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  • Coasting Downhill in Neutral

    With the possible exception of Congressional Republicans, there’s no sense of urgency right now. Let’s get through this year and see what 2018 brings. Depending on what H.R.1. finally looks like, and which ‘expert’ you listen to, the housing market will either be a little better, a little worse, or about the same next year. […]

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  • An Abundance of Uncertainty

    Uncertainty was also abundant in reviewing the current tax reform plans circulating in Congress. Initial analysis pointed to several areas of the proposed bill that would not be beneficial to homeowners, nor would the elimination of SALT be helpful to residents in high tax states like ours. Of course, residents in 44 states with low, […]

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  • Inland Housing Market ‘Overvalued’?

    You may have seen today’s Press Enterprise article headlined Inland Housing Called ‘Overvalued’, quoting a recent report from CoreLogic which categorized various housing markets across the country as either ‘normal’, ‘undervalued’ or ‘overvalued’. Now I routinely peruse CoreLogic reports and generally find them to be quite helpful, but for the life of me I can’t […]

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  • What Goes Up…

    Sure, we’ve gotten a little spoiled this year.  Home sales for the region were up 22% in May, topped off by  correction, as they say, with sales dropping 25% from June (1,360 / 1,022) and even falling 4% under last July (1,067). Given last month’s drop in pending home sales and our historical trends showing […]

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  • Coldwell Banker Commercial SC Facilitates Leasing Space in Murrieta, CA

    Jay Brun, Steve Castellanos and Cyndi Light have facilitated a 10-Year, NNN lease of an approximate 9,506 square foot space at Murrieta Crossings located at 39745 Avenida Acacias, Suites A and B, Murrieta, California. Both sides of this transaction were represented by Coldwell Banker Commercial SC, Temecula. The Owner, M.C. Retail, was represented by Cyndi […]

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  • Real Estate Fraud – Alive and Well

    At a recent event for Realtors® in D.C. , Fox Business News Tonight anchor Lou Dobbs was queried on some of the changes proposed by the Trump administration loosening ‘safeguards’ imposed by Dodd-Frank and the Consumer Finance Protection Bureau. In response to the question “Shouldn’t there be more rules for Wall Street”? Dobbs replied, “There […]

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  • Badoooooinnnng!

    (Thanks to Don Martin) Sales volume was up 4% Q1 2017 over Q1 2016, and just 23 units shy of 2013 (2.457 / 2,434). Pending sales were up also 11% in March so April sales volume should reflect that. Homes are flying off the shelf after just 39 days on market across the region with […]

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  • You Can’t Sell What You Don’t Have

    Last year sales jumped 30% from February to March, but that’s likely to be suppressed this year. We just don’t have houses for sale! Inventory of active listings fell to just 1.2 months, or 1,597 units. Last February we had 1,969 units, a more comfortable 3.5 months. As I’ve mentioned, before everything headed south a […]

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  • The Year in Housing

    Temecula actually sold 26 fewer homers in 2016 than 2015 (2,007/1,981), and Murrieta sold 122 more (1,962/2,084). The largest gain came in Hemet with a 10% year-over-year increase (1,779/1,972) with Menifee and Lake Elsinore posting 8% gains. Perris and Canyon Lake joined Temecula selling fewer homes than 2015, but only dropped 12 and 10 homes […]

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  • Coasting into Year-End

    Our local housing market is coasting into December with the probability of posting our best sales year since 2010. Sales were up in most cities in the region in November adding 7% to October’s tally (908 – 974) and coming in a whopping 28% ahead of last November’s paltry 700 sales. Pending sales are off […]

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  • I Would Still Plant My Apple Tree…

    There’s a great quote from Martin Luther that more folks should heed. “Even if I knew that tomorrow the world would go to pieces, I would still plant my apple tree.” This nation has survived for 240 years through a progression of leaders, some great, others not so much. A look back at our history […]

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  • Into the Home Stretch

    Even a 10% month-over-month drop in September (1,095 / 982) didn’t derail the progress from July and August. So we’re heading into the last quarter with a slim 3% sales margin over 2015 (8,432 / 8,721). Of course as you’ll see on the accompanying graphs, sales tend to drop off in Q4 but unless they […]

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  • The Year as it’s Shaping Up.

    In fact the year is shaping up to be one of our best in a while, if buyers don’t back off the throttle before year-end. With a little more inventory and rock bottom interest rates, there might even be a few more buyers in the market as they see opportunities disappearing. Year-to-date, regional sales are […]

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  • Uncertainty

    “Uncertainty may be a part of our lives and our business for many years to come. As Americans we are accustomed to quick fixes, but this may not be possible right now”. That was the message conveyed to us on Day 1 of the recent Inman Connect conference in San Francisco. For 20 years, Brad […]

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