Selling your House Fast In A Tough Market
December 28, 2009 by Gavin
Filed under Realty In Idaho Contributors
Are you wondering to yourself, “Is it possible to sell my home fast?”?” Your answer should be a definite yes. Clearly it is not as simple as calling an estate agent and telling them to “sell my hou quickly”. It will be complicated further by the current unfavourable economic climate, but there are ways of increasing the chances of a quick sale when you are selling property. Let us examine some of these techniques, and understand clearly what you should avoid if you want to get a buyer for your property as quickly as possible.
When it comes to engaging a professional to help you with the sale of your house, don’t just pick the first name you come across. Find out about realtors in your neighbourhood who have a good reputation in the community, and get one you can rely on to do his or her best. And once you have found a suitable property expert, keep following up with him or her so that you know what is being done in order to speed up the process of selling your property.
Let us look at some of the common mistakes made by those trying to sell property. For one, people often reduce their price bit by bit, and this can make buyers think that the owner of the property is too eager to sell it. They are likely to think that there is something wrong with the home in question and refrain from further expressions of interest. What you should do instead is to check the prices in your neighbourhood, and price your property slightly lower, so that when it comes freshly on to the market, it is also at an attractive price.
Another frequent error made is hiring a poor agent. Make sure the representative you choose to help you sell your house fast is competent, experienced and knowledgeable about the subject. You should also make your requirements clear to your agent, explaining that you want your house to be sold as fast as possible.
There are other good ways of selling property fast. You could add an incentive with the sale of the house, and offer an attractive package deal. It is also an excellent idea to get some high quality pictures taken of your home, and make sure your ad features the best of these. Many people look for houses online, and an appealing picture can attract a lot of them to taking a closer look at your property. It is also possible to hire a professional home stager, who will set up your belongings in such a way, and even add to them, so as to make your house look its best when prospective buyers come to view it. Even if you do not get a professional to help you with your home’s appearance, you must make it look as attractive as possible for prospective buyers.
How to Conduct A Complete Background Check On Anyone
December 25, 2009 by Gavin
Filed under Boise Area News
Chris Rempel asked:
The reasons for wanting to conduct an investigation on someone (doing a background check) are as diverse as the ways in which to do so…
In other words – your interest in finding out more about your subject could be as simple as being “curious” – to being as serious as verifying the assets of an investor, conducting criminal activity investigations and so on. Or maybe you want to investigate your spouse’s past – or their current activity.
Regardless, the following tips can be universally applied to any type (or purpose) of investigation…
1. Get Organized!
If you’re going to be serious about uncovering the facts about a person or situation, then you’ll not only need to be relentless and dedicated – you need to be as organized as possible.
Why?
Because, as is often said – the “devil” is in the details…
One piece of seemingly “insignificant” information could later become a pivotal piece of the puzzle. Therefore, you need to keep a log of everything you currently know, as well as any – and I mean ANY – extra information you run into during this process.
Whether it’s a simple notepad or a wireless, hand-held computer, you need to be VIGILANT when it comes to storing, organizing and referring to facts that you’re able to collect.
2. Start In Your Own Backyard, First
If you’re conducting an investigation about someone you know – or if you’re wondering who’s been calling from an unfamiliar phone number – before you start searching for information from outside sources, be sure to do a thorough check of your OWN documents, records, day-planners, computer files and so on.
That “strange” phone number could belong to a friend or relative, and maybe it’s located in an old dusty address book.
That’s just one example.
Regardless, if applicable to your situation, start “close to home”, and then step up the investigation if need be. This could potentially save you hours (or days) of time right off the bat.
One tool that we recommend is Google’s “Desktop Pack”, which includes a great search tool that searches through the files, documents and archives on your PC just as if it were a web search.
You can download it (free) by going to pack.google.com
3. The Three Best Sources For Obtaining Information
Time is of the essence, so let’s review the three most-likely sources for valuable information in ANY investigation…
A) People who know your subject and/or have been in contact with them. Keep in mind that most people are willing to respond to your questions if you ask them in a polite manner, and without “beating around the bush”.
B) Printed materials, documents and records. These include: directories, newspaper content, magazine articles, medical records, financial records, utility records, employment & rental applications, and public government records. (This is the so-called “paper-trail”)
C) Information Providers – database companies – who have access to government/public records and other data. These usually charge a nominal fee for access or use.
4. Google(TM) Can Find A Lot More Than You Might Think…
Search engines like Google(TM) are frequently under fire due to the fact that sensitive information like banking information, credit card numbers, invoice records, specific contact information, addresses and other personal details can often be pulled up in seconds just by running a simple search.
For example, Google’s “spider” (the algorithm that “visits” millions of web pages periodically in order to effectively build its index of listings) can often end up indexing sensitive pages such as account login details, job applications, and even customer databases on e-commerce websites.
In every case, this is due to an inexperienced web developer or a mistake/error on the part of the website owner, as webmasters can easily secure or hide web content by building their sites properly. (It’s not the fault of the search engine, although it’s not uncommon).
Regardless, due to literally tens of thousands of these types of “slip-ups” by sites that manage some kind of user base or submission process, it’s possible to find a lot more than you might think by using Google, Yahoo and MSN search.
For example, you might try searching for some of these variables to see if any of them have been indexed, which would likely lead to further information:
* Email Address
* Residential Address
* Phone Number (Even a cell phone)
* SSN Number
* Vehicle ID Number (VIN)
* Driver’s License Number
* Their Full Name (could pull up public records or, in rare cases, legal opinions)
* Job Title & Company
* Credit Card Number
And so on.
This seemingly “obvious” method can often work wonders.
5. Public Records
Did you know that the general public can freely access court records (both criminal and civil), the national *** offender registry, inmate records, bankruptcy filings, marriage/divorce records and similar records in the United States?
There’s no “one” central location for searching public records like this, and most databases are limited to a specific county, state or municipality.
My suggestion is to simply run a search in Google.com for the type of records you’re looking for, and the location. So, for example, if you wanted to investigate someone in Boise, Idaho, you could run a search like this:
Court Records + Boise Idaho
Filter through the results until you find an actual court website with court records or dockets available for the site users. In many cases, you won’t be charged access, while others will manage access to their records through a consolidated search engine such as PACER (The US Judiciary’s central ‘Public Access to Court Electronic Records’), which will cost a few cents per page view.
Court records are a broad term that can encompass basically any type of legal action. If, for example, you wanted to see if someone has a criminal history, you could search for their name in the applicable court records databases, as well as in the US Judiciary’s *** Offender Registry, VINELink’s inmate database, and the Federal Penitentiary database of inmates.
Alternately, if you wanted to gain an idea of someone’s financial history, you could run a search for civil lawsuits, as credit card companies and similar creditor agencies will sue debtors if there’s been an issue of prolonged nonpayment or contractual breaches. Bankruptcy filings can also be accessed in some locations.
Again, public records sources are invaluable, but they can also be difficult to find. If you’ll be doing investigations frequently, you might consider investing in a membership site or software program that organizes public records searches from one central location. Prices range from $29.99 – $49.99 on average.
In conclusion, conducting a complete background check on someone isn’t just possible – it’s become much easier these days with the advent of the internet and online public records.
Follow these tips in chronological order for the most effective and efficient investigation possible.
Content
The reasons for wanting to conduct an investigation on someone (doing a background check) are as diverse as the ways in which to do so…
In other words – your interest in finding out more about your subject could be as simple as being “curious” – to being as serious as verifying the assets of an investor, conducting criminal activity investigations and so on. Or maybe you want to investigate your spouse’s past – or their current activity.
Regardless, the following tips can be universally applied to any type (or purpose) of investigation…
1. Get Organized!
If you’re going to be serious about uncovering the facts about a person or situation, then you’ll not only need to be relentless and dedicated – you need to be as organized as possible.
Why?
Because, as is often said – the “devil” is in the details…
One piece of seemingly “insignificant” information could later become a pivotal piece of the puzzle. Therefore, you need to keep a log of everything you currently know, as well as any – and I mean ANY – extra information you run into during this process.
Whether it’s a simple notepad or a wireless, hand-held computer, you need to be VIGILANT when it comes to storing, organizing and referring to facts that you’re able to collect.
2. Start In Your Own Backyard, First
If you’re conducting an investigation about someone you know – or if you’re wondering who’s been calling from an unfamiliar phone number – before you start searching for information from outside sources, be sure to do a thorough check of your OWN documents, records, day-planners, computer files and so on.
That “strange” phone number could belong to a friend or relative, and maybe it’s located in an old dusty address book.
That’s just one example.
Regardless, if applicable to your situation, start “close to home”, and then step up the investigation if need be. This could potentially save you hours (or days) of time right off the bat.
One tool that we recommend is Google’s “Desktop Pack”, which includes a great search tool that searches through the files, documents and archives on your PC just as if it were a web search.
You can download it (free) by going to pack.google.com
3. The Three Best Sources For Obtaining Information
Time is of the essence, so let’s review the three most-likely sources for valuable information in ANY investigation…
A) People who know your subject and/or have been in contact with them. Keep in mind that most people are willing to respond to your questions if you ask them in a polite manner, and without “beating around the bush”.
B) Printed materials, documents and records. These include: directories, newspaper content, magazine articles, medical records, financial records, utility records, employment & rental applications, and public government records. (This is the so-called “paper-trail”)
C) Information Providers – database companies – who have access to government/public records and other data. These usually charge a nominal fee for access or use.
4. Google(TM) Can Find A Lot More Than You Might Think…
Search engines like Google(TM) are frequently under fire due to the fact that sensitive information like banking information, credit card numbers, invoice records, specific contact information, addresses and other personal details can often be pulled up in seconds just by running a simple search.
For example, Google’s “spider” (the algorithm that “visits” millions of web pages periodically in order to effectively build its index of listings) can often end up indexing sensitive pages such as account login details, job applications, and even customer databases on e-commerce websites.
In every case, this is due to an inexperienced web developer or a mistake/error on the part of the website owner, as webmasters can easily secure or hide web content by building their sites properly. (It’s not the fault of the search engine, although it’s not uncommon).
Regardless, due to literally tens of thousands of these types of “slip-ups” by sites that manage some kind of user base or submission process, it’s possible to find a lot more than you might think by using Google, Yahoo and MSN search.
For example, you might try searching for some of these variables to see if any of them have been indexed, which would likely lead to further information:
* Email Address
* Residential Address
* Phone Number (Even a cell phone)
* SSN Number
* Vehicle ID Number (VIN)
* Driver’s License Number
* Their Full Name (could pull up public records or, in rare cases, legal opinions)
* Job Title & Company
* Credit Card Number
And so on.
This seemingly “obvious” method can often work wonders.
5. Public Records
Did you know that the general public can freely access court records (both criminal and civil), the national *** offender registry, inmate records, bankruptcy filings, marriage/divorce records and similar records in the United States?
There’s no “one” central location for searching public records like this, and most databases are limited to a specific county, state or municipality.
My suggestion is to simply run a search in Google.com for the type of records you’re looking for, and the location. So, for example, if you wanted to investigate someone in Boise, Idaho, you could run a search like this:
Court Records + Boise Idaho
Filter through the results until you find an actual court website with court records or dockets available for the site users. In many cases, you won’t be charged access, while others will manage access to their records through a consolidated search engine such as PACER (The US Judiciary’s central ‘Public Access to Court Electronic Records’), which will cost a few cents per page view.
Court records are a broad term that can encompass basically any type of legal action. If, for example, you wanted to see if someone has a criminal history, you could search for their name in the applicable court records databases, as well as in the US Judiciary’s *** Offender Registry, VINELink’s inmate database, and the Federal Penitentiary database of inmates.
Alternately, if you wanted to gain an idea of someone’s financial history, you could run a search for civil lawsuits, as credit card companies and similar creditor agencies will sue debtors if there’s been an issue of prolonged nonpayment or contractual breaches. Bankruptcy filings can also be accessed in some locations.
Again, public records sources are invaluable, but they can also be difficult to find. If you’ll be doing investigations frequently, you might consider investing in a membership site or software program that organizes public records searches from one central location. Prices range from $29.99 – $49.99 on average.
In conclusion, conducting a complete background check on someone isn’t just possible – it’s become much easier these days with the advent of the internet and online public records.
Follow these tips in chronological order for the most effective and efficient investigation possible.
Content
Avoid Top 10 Mistakes Made By Real Estate Investors
December 25, 2009 by Gavin
Filed under Boise Area News
Real Estate Advisor asked:
Real estate investment is perhaps one of the most lucrative forms of investment today. But it is also equally risk bound especially when one is not well versed with the trends and nuances of the real estate market. So if you are contemplating on investing in real estate, it is best to avoid costly mistakes in real estate investment especially when you invest your hard earned money into it. Knowing the most common mistakes made by real estate investors helps one steer away from making such mistakes in the future and ensures good return on investment.
Here are the top ten mistakes made by real estate investors, according to bankrate.com. Bankrate has put together the top ten mistakes after speaking to established, full-time real estate investors and other professionals involved in real estate investment such as bankers. Read on to know them and avoid them.
1. Not planning up ahead. Lack of a proper plan is the biggest mistake made by novice investors. Finding a house after forming a proper investment strategy is the right way instead of looking for a house to fit the plan. Many make the mistake of buying a house because it seems to be a good deal and then trying to see how they can fit it into their plan. Instead of buying a house and thinking one can plan in due course, investors should rather concentrate on the numbers and try to make offers on multiple properties. This will ensure a good property that not only matches their investment model but also works out well with the numbers they had planned for.
2. To believe you can make money quickly. The second major mistake that real estate investors make is to think it is very easy to get rich in real estate. This is only a myth and the reality is that investing in real estate is a long term project.
3. Doing it single-handedly. For becoming a successful real estate investor one needs to build a team of professionals who would assist the investor in his deals. This would ideally include a real estate agent, an appraiser, a home inspector, a closing attorney and a lender.
4. Making excess payment. One another reason that investors in real estate goof up in their investment is by paying too much for the properties they buy. Paying too much and locking up all the funds in the erred property deal will leave you with no money to redeem yourself.
5. Leaving out the groundwork. Not doing your homework could be a costly mistake if you were a real estate investor. Every field of business needs sufficient amount of homework to be done, and real estate investment is no exception. Learn the fundamentals and then venture into investing in properties.
6. Throwing caution to the winds. Investors have to exercise a certain degree of caution and take earnest efforts while making a deal. New investors often fail in this regard and sign a deal without doing adequate research on the property.
7. Miscalculating money flow. Investors whose strategy is to buy, hold and rent out properties need to ensure sufficient cash flow for maintenance. Property managers could be expensive and the owner has to incur more expenses such as mortgage, taxes, insurance, advertising costs etc. Investors have to allocate their budget such that all these expenses are taken care of, or end up having their asset turn into a liability.
8. Lowering the volume. A larger volume of deals or transactions helps in increasing the profits by reducing the impacts of marginal deals.
9. Getting trapped in your own deal. Having more number of options at hand for the property you buy is a wise strategy. This helps one to be prepared for fluctuations in the real estate market. Plans to rent out the house could go awry when the rental market slumps. Having alternative plans helps you cut down losses and tackle unexpected situations.
10. Making incorrect estimates. People who plan to rehab their house need to check if they will still reap the benefits at double the time that they had estimated. This ensures they do not miscalculate and lose money on the deal.
Create a video blog…instantly.
Real estate investment is perhaps one of the most lucrative forms of investment today. But it is also equally risk bound especially when one is not well versed with the trends and nuances of the real estate market. So if you are contemplating on investing in real estate, it is best to avoid costly mistakes in real estate investment especially when you invest your hard earned money into it. Knowing the most common mistakes made by real estate investors helps one steer away from making such mistakes in the future and ensures good return on investment.
Here are the top ten mistakes made by real estate investors, according to bankrate.com. Bankrate has put together the top ten mistakes after speaking to established, full-time real estate investors and other professionals involved in real estate investment such as bankers. Read on to know them and avoid them.
1. Not planning up ahead. Lack of a proper plan is the biggest mistake made by novice investors. Finding a house after forming a proper investment strategy is the right way instead of looking for a house to fit the plan. Many make the mistake of buying a house because it seems to be a good deal and then trying to see how they can fit it into their plan. Instead of buying a house and thinking one can plan in due course, investors should rather concentrate on the numbers and try to make offers on multiple properties. This will ensure a good property that not only matches their investment model but also works out well with the numbers they had planned for.
2. To believe you can make money quickly. The second major mistake that real estate investors make is to think it is very easy to get rich in real estate. This is only a myth and the reality is that investing in real estate is a long term project.
3. Doing it single-handedly. For becoming a successful real estate investor one needs to build a team of professionals who would assist the investor in his deals. This would ideally include a real estate agent, an appraiser, a home inspector, a closing attorney and a lender.
4. Making excess payment. One another reason that investors in real estate goof up in their investment is by paying too much for the properties they buy. Paying too much and locking up all the funds in the erred property deal will leave you with no money to redeem yourself.
5. Leaving out the groundwork. Not doing your homework could be a costly mistake if you were a real estate investor. Every field of business needs sufficient amount of homework to be done, and real estate investment is no exception. Learn the fundamentals and then venture into investing in properties.
6. Throwing caution to the winds. Investors have to exercise a certain degree of caution and take earnest efforts while making a deal. New investors often fail in this regard and sign a deal without doing adequate research on the property.
7. Miscalculating money flow. Investors whose strategy is to buy, hold and rent out properties need to ensure sufficient cash flow for maintenance. Property managers could be expensive and the owner has to incur more expenses such as mortgage, taxes, insurance, advertising costs etc. Investors have to allocate their budget such that all these expenses are taken care of, or end up having their asset turn into a liability.
8. Lowering the volume. A larger volume of deals or transactions helps in increasing the profits by reducing the impacts of marginal deals.
9. Getting trapped in your own deal. Having more number of options at hand for the property you buy is a wise strategy. This helps one to be prepared for fluctuations in the real estate market. Plans to rent out the house could go awry when the rental market slumps. Having alternative plans helps you cut down losses and tackle unexpected situations.
10. Making incorrect estimates. People who plan to rehab their house need to check if they will still reap the benefits at double the time that they had estimated. This ensures they do not miscalculate and lose money on the deal.
Create a video blog…instantly.
Huge Benefits For Boise Idaho Buyers With The Home Owner Tax Grants!
December 25, 2009 by Gavin
Filed under Boise Area News
Raul Sanchez asked:
Yeah! That is the sound that Some real estate professions made when last years tax credit for first time home buyers was granted a 7 month extension.
The first time home buyer tax credit helped encourage Many home buyers jump into the market who Many not have without it, boosting real the national realty market.
There are Some positions on this matter as with nearly all matters, that contradict and even oppose each other. Some tax payers are upset at the use of their tax dollars assisting someone else purchase a home. Give that all of us benefit from the economic stability that is brought by the tax credits, especially in the real estate business, and fields tied to it.
Many people point out that the tax break simply induces people who were already planning on buying to buy. If the tax credit wasn’t designed to be a short term help, then this point would have more credibility to it. Since Many of the buyers who are buying right now were obviously already looking, then the limited deadline of the tax credit will help them decide to buy sooner, rather than later.
Then, there is always the tax cheats. Some people who are not candidates to receive this credit will also try to cash in. If caught and convicted of the tax fraud involved some will face fines and jail terms that exceed any possible benefit they would have gotten.
Given that real estate prices were in a free fall, prior to the approval of the tax credit, it is a hard argument to make that says that they were not warranted. As the job market starts to rebound the realty market will find more buyers and will start to become much rosier in its projections.
Create a video blog…instantly.
Yeah! That is the sound that Some real estate professions made when last years tax credit for first time home buyers was granted a 7 month extension.
The first time home buyer tax credit helped encourage Many home buyers jump into the market who Many not have without it, boosting real the national realty market.
There are Some positions on this matter as with nearly all matters, that contradict and even oppose each other. Some tax payers are upset at the use of their tax dollars assisting someone else purchase a home. Give that all of us benefit from the economic stability that is brought by the tax credits, especially in the real estate business, and fields tied to it.
Many people point out that the tax break simply induces people who were already planning on buying to buy. If the tax credit wasn’t designed to be a short term help, then this point would have more credibility to it. Since Many of the buyers who are buying right now were obviously already looking, then the limited deadline of the tax credit will help them decide to buy sooner, rather than later.
Then, there is always the tax cheats. Some people who are not candidates to receive this credit will also try to cash in. If caught and convicted of the tax fraud involved some will face fines and jail terms that exceed any possible benefit they would have gotten.
Given that real estate prices were in a free fall, prior to the approval of the tax credit, it is a hard argument to make that says that they were not warranted. As the job market starts to rebound the realty market will find more buyers and will start to become much rosier in its projections.
Create a video blog…instantly.
Key Shifts In San Diego County Demographic Patterns – Real Estate Implications
December 25, 2009 by Gavin
Filed under Boise Area News
Real Estate Advisor asked:
On August 15, 2006, the US Census Bureau released its annual statistics for various communities. The data for San Diego County revealed some significant shifts from 2000 to 2005 in terms of the total population in San Diego, the percentage of males to females, percentage of people at various ages, and the racial composition of the County.
POPULATION SHIFTS
Total Population = 2,813,833 (CY 2000) vs. 2,824,259 (CY 2005) = 0.4% increase
Of the total population, there were shifts in the percentage of males to females.
Males = 1,415,097 (CY 2000) vs. 1,400,199 (CY 2005) = 1.1% decline.
Females = 1,398,736 (CY 2000) vs. 1,424,060 (CY 2005) = 1.8% increase.
AGE CHANGES
The percentage of people at various age also changed during this time period.
Median Age = 33.2 years (CY 2000) vs. 34.4 years (CY 2005) = 3.6% increase.
Population Under 5 Years of Age = 198,621 (CY 2000) vs. 221,575 (CY 2005) = 11.6% increase.
Population Under 18 Years of Age = 2,090,172 (CY 2000) vs. 2,067,282 (CY 2005) = 1.1% decline.
Population 65 or Older = 313,750 (CY 2000) vs. 310,836 (CY 2005) = 0.9% decline.
RACIAL COMPOSITION
Of individuals who defined themselves as belonging to one-race, the following statistics were provided:
Total Number of “One-Race” Individuals = 2,681,866 (CY 2000) vs. 2,730,721 (CY 2005) = 1.8% increase.
Individuals who defined themselves as belonging to one-race, were further categorized as follows:
White = 1,871,839 (CY 2000) vs. 1,927,166 (CY 2005) = 3% increase.
Black or African American = 161,480 (CY 2000) vs. 140,181 (CY 2005) = 13.2% decrease.
American Indian and Alaska Native = 24,337 (CY 2000) vs. 19,902 (CY 2005) = 18.2% decrease
Asian = 249,802 (CY 2000) vs. 295,926 (CY 2005) = 18.5% increase
Native Hawaiian and Other Pacific Islander = 13,561 (CY 2000) vs. 12,704 (CY 2005) = 6.3% decline.
Other Race = 360,847 (CY 2000) vs. 334,842 (CY 2005) = 7.2% decline.
Of those individuals who defined themselves as belonging to “two-races”, the following statistics were provided:
Total, Two -Race Individuals = 131,967 (CY 2000) vs. 93,538 (CY 2005) = 29.1% decline.
Hispanic or Latino (of any race) = 750,965 (CY 2000) vs. 843,901 (CY 2005) = 12.4% increase.
SHIFTS IN HOUSEHOLD CHARACTERISTICS
Total Household Population = 2,716,820 (CY 2000) vs. 2,824,259 (CY 2005) = 4% increase.
Average Household Size = 2.73 (CY 2000) vs. 2.71 (CY 2005) = 0.7% decrease.
Average family size = 3.29 (CY 2000) vs. 3.33 (CY 2005) = 1.2% increase.
IMPLICATIONS FOR SAN DIEGO REAL ESTATE
If you are interested in buying San Diego real estate, homes, condos or townhouses for sale, then the above information may be useful to you. The information above can help you understand demographic and population shifts that impact supply, demand, and price of real estate and homes for sale in San Diego.
San Diego is one of the most popular areas in the Country because of its moderate climate. In fact, the year-around average weather in San Diego is around 70 degrees Fahrenheit.
San Diego real estate is also popular because of its proximity to the Pacific Ocean, mountains and the US-Mexico border. Bordered by Orange County and Riverside County to the north, and the Mexico to the south, San Diego real estate has hundreds of beachfront properties for sale.
San Diego is the sixth most populated County in the Nation. With this many people, buying real estate in San Diego can be a competitive process depending on the supply and demand of real estate and homes for sale at a particular time.
While interest rates are still relatively low and supply relatively high, buyers at this time may find San Diego real estate a good value.
Those who purchase San Diego real estate enjoy year-around perfect weather, easy access to the Mexico border, a thriving job market, and the pleasures of living close to an ocean.
Whether you are interested in boating, fishing, golfing, tennis or other hobbies, residents and visitors who own San Diego real estate have access to all these activities and more.
Please visit the Census Bureau’s web site for detailed demographic information about San Diego County. The Census Bureau provides key statistics for various communities in its annual American Community Survey (ACS) report.
Website content
On August 15, 2006, the US Census Bureau released its annual statistics for various communities. The data for San Diego County revealed some significant shifts from 2000 to 2005 in terms of the total population in San Diego, the percentage of males to females, percentage of people at various ages, and the racial composition of the County.
POPULATION SHIFTS
Total Population = 2,813,833 (CY 2000) vs. 2,824,259 (CY 2005) = 0.4% increase
Of the total population, there were shifts in the percentage of males to females.
Males = 1,415,097 (CY 2000) vs. 1,400,199 (CY 2005) = 1.1% decline.
Females = 1,398,736 (CY 2000) vs. 1,424,060 (CY 2005) = 1.8% increase.
AGE CHANGES
The percentage of people at various age also changed during this time period.
Median Age = 33.2 years (CY 2000) vs. 34.4 years (CY 2005) = 3.6% increase.
Population Under 5 Years of Age = 198,621 (CY 2000) vs. 221,575 (CY 2005) = 11.6% increase.
Population Under 18 Years of Age = 2,090,172 (CY 2000) vs. 2,067,282 (CY 2005) = 1.1% decline.
Population 65 or Older = 313,750 (CY 2000) vs. 310,836 (CY 2005) = 0.9% decline.
RACIAL COMPOSITION
Of individuals who defined themselves as belonging to one-race, the following statistics were provided:
Total Number of “One-Race” Individuals = 2,681,866 (CY 2000) vs. 2,730,721 (CY 2005) = 1.8% increase.
Individuals who defined themselves as belonging to one-race, were further categorized as follows:
White = 1,871,839 (CY 2000) vs. 1,927,166 (CY 2005) = 3% increase.
Black or African American = 161,480 (CY 2000) vs. 140,181 (CY 2005) = 13.2% decrease.
American Indian and Alaska Native = 24,337 (CY 2000) vs. 19,902 (CY 2005) = 18.2% decrease
Asian = 249,802 (CY 2000) vs. 295,926 (CY 2005) = 18.5% increase
Native Hawaiian and Other Pacific Islander = 13,561 (CY 2000) vs. 12,704 (CY 2005) = 6.3% decline.
Other Race = 360,847 (CY 2000) vs. 334,842 (CY 2005) = 7.2% decline.
Of those individuals who defined themselves as belonging to “two-races”, the following statistics were provided:
Total, Two -Race Individuals = 131,967 (CY 2000) vs. 93,538 (CY 2005) = 29.1% decline.
Hispanic or Latino (of any race) = 750,965 (CY 2000) vs. 843,901 (CY 2005) = 12.4% increase.
SHIFTS IN HOUSEHOLD CHARACTERISTICS
Total Household Population = 2,716,820 (CY 2000) vs. 2,824,259 (CY 2005) = 4% increase.
Average Household Size = 2.73 (CY 2000) vs. 2.71 (CY 2005) = 0.7% decrease.
Average family size = 3.29 (CY 2000) vs. 3.33 (CY 2005) = 1.2% increase.
IMPLICATIONS FOR SAN DIEGO REAL ESTATE
If you are interested in buying San Diego real estate, homes, condos or townhouses for sale, then the above information may be useful to you. The information above can help you understand demographic and population shifts that impact supply, demand, and price of real estate and homes for sale in San Diego.
San Diego is one of the most popular areas in the Country because of its moderate climate. In fact, the year-around average weather in San Diego is around 70 degrees Fahrenheit.
San Diego real estate is also popular because of its proximity to the Pacific Ocean, mountains and the US-Mexico border. Bordered by Orange County and Riverside County to the north, and the Mexico to the south, San Diego real estate has hundreds of beachfront properties for sale.
San Diego is the sixth most populated County in the Nation. With this many people, buying real estate in San Diego can be a competitive process depending on the supply and demand of real estate and homes for sale at a particular time.
While interest rates are still relatively low and supply relatively high, buyers at this time may find San Diego real estate a good value.
Those who purchase San Diego real estate enjoy year-around perfect weather, easy access to the Mexico border, a thriving job market, and the pleasures of living close to an ocean.
Whether you are interested in boating, fishing, golfing, tennis or other hobbies, residents and visitors who own San Diego real estate have access to all these activities and more.
Please visit the Census Bureau’s web site for detailed demographic information about San Diego County. The Census Bureau provides key statistics for various communities in its annual American Community Survey (ACS) report.
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Why Make Meridian Idaho Home Base for Your Retirement
December 23, 2009 by Gavin
Filed under Boise Area News
Joesph Gruff asked:
Located on the western side of Idaho and part of the greater Boise area, Meridian Idaho is now recognized as a premier location for retirees across the U.S. who are looking for a place to place to live an active lifestyle during their golden years. Also unlike other areas that are experiencing an influx of retiring baby boomers, a Meridian Idaho home is still easily affordable.
Its its prime location and high standard of living that has caught the attention of so many people who are looking for a positive change of pace in their lives and all you have to do is to look at a map to see why. Nevada casinos and nightlife, the Grand Canyon, Grand Tetons National Park and Yellowstone National Park are all withing easy driving distance of this unique city that still retains it small town feel.
With the median price on a two bedroom home in the greater Boise area now standing at just over $200,000, finding a comfortable home that is up to your standards is still not out of reach for the average retiree. As the rest of the U.S. housing market has continued to take a tumble, a Meridian Idaho home is still selling in just sixty-two days on average.
Also, property values have continued to appreciate at an average rate of 12% annually in the greater Boise, Meridian area. Steady, stable value growth has been one of the trademarks of Meridian Idaho homes and properties and it is a trend that shows no sign of changing any time soon.
However; with 18,000 retirees projected to arrive in the greater Boise area over thew next ten years, home prices can only be expected to increase at an even greater rate then in the past. This is why now is the time to look for the best deal on a Meridian Idaho home to live out an active retirement lifestyle in.
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Located on the western side of Idaho and part of the greater Boise area, Meridian Idaho is now recognized as a premier location for retirees across the U.S. who are looking for a place to place to live an active lifestyle during their golden years. Also unlike other areas that are experiencing an influx of retiring baby boomers, a Meridian Idaho home is still easily affordable.
Its its prime location and high standard of living that has caught the attention of so many people who are looking for a positive change of pace in their lives and all you have to do is to look at a map to see why. Nevada casinos and nightlife, the Grand Canyon, Grand Tetons National Park and Yellowstone National Park are all withing easy driving distance of this unique city that still retains it small town feel.
With the median price on a two bedroom home in the greater Boise area now standing at just over $200,000, finding a comfortable home that is up to your standards is still not out of reach for the average retiree. As the rest of the U.S. housing market has continued to take a tumble, a Meridian Idaho home is still selling in just sixty-two days on average.
Also, property values have continued to appreciate at an average rate of 12% annually in the greater Boise, Meridian area. Steady, stable value growth has been one of the trademarks of Meridian Idaho homes and properties and it is a trend that shows no sign of changing any time soon.
However; with 18,000 retirees projected to arrive in the greater Boise area over thew next ten years, home prices can only be expected to increase at an even greater rate then in the past. This is why now is the time to look for the best deal on a Meridian Idaho home to live out an active retirement lifestyle in.
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Top 5 Real Estate Markets For Price Increases And Decreases
December 23, 2009 by Gavin
Filed under Boise Area News
Real Estate Advisor asked:
In its 4th quarter report of 2006, the real estate information site estimates the home value trends for the U.S. and 75 metropolitan areas. According to the data from http://Zillow.com, home values are now declining slightly on a year-over-year basis for the first time in a decade after years of appreciation.
Zillow’s home value data goes back to 1997 and reveals the depreciation of home value rates at 0.48 % year-over-year at the national level. The depreciation in home value every quarter is at 4.77 %. Zillow’s appreciation rate is based on the value of all homes in an area, including those that were sold.
Although there is a fall in the over-all home price growth, areas such as Seattle and Portland are experiencing a surge in home values at good appreciation rates. Besides national home values, the report also presents comprehensive data on local market price growth and decline in 75 metropolitan areas. The Zillow report gives detailed data on home value changes for counties, cities, neighborhoods and ZIP codes in U.S.A.
The top 5 metro areas with the highest price growth, year-over-year, are:
1. Lakeland-Winter Haven, Florida, with an appreciation rate of 25.88 %
2. Yuma, Arizona, with an appreciation rate of 25.66 %
3. Myrtle Beach, South Carolina, with an appreciation rate of 21.24 %
4. Flagstaff, Arizona, with an appreciation rate of 19.02 %
5. Ocala, Florida with an appreciation rate of 17.56 %
The 5 metropolitan areas that have the most declining home values, year-over-year, are:
1. Panama City, Florida, with a depreciation rate of 11.84 %
2. San Luis Obispo-Atascadero-Paso Robles, California, with a depreciation rate of 11.35 %
3. Punta Gorda, Florida, with a depreciation rate of 9.23 %
4. Sarasota-Bradenton, Florida, with a depreciation rate of 8.99 %
5. Greenville-Spartanburg-Anderson, South Carolina, with a depreciation rate of 8.73 %
The Zillow national report also includes the top five most expensive and least expensive metro areas measured by the Zindex home value indicator.
The top 5 metro areas that are most expensive are:
1. San Francisco-Oakland-San Jose, California at $684,459
2. Salinas, California at $654,503
3. Santa Barbara-Santa Maria-Lompoc, California at $627,323
4. Honolulu, Hawaii at $626,452
5. Los Angeles-Riverside-Orange County, California at $545,409
The top 5 metro areas that are the least expensive are:
1. Davenport-Moline-Rock Island, IA-IL at $86,201
2. Peoria-Pekin, Illinois at $91,984
3. Greenville-Spartanburg-Anderson, South Carolina at $96,508
4. Tulsa, Oklahoma at $97,186
5. Dayton-Springfield, Ohio at $103,729
Even within these markets, there are hot and cold housing segments of the community. Be sure to seek out the services of a local real estate agent, who can advise you about local market conditions that impact the price of homes, condos and other types of real estate.
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In its 4th quarter report of 2006, the real estate information site estimates the home value trends for the U.S. and 75 metropolitan areas. According to the data from http://Zillow.com, home values are now declining slightly on a year-over-year basis for the first time in a decade after years of appreciation.
Zillow’s home value data goes back to 1997 and reveals the depreciation of home value rates at 0.48 % year-over-year at the national level. The depreciation in home value every quarter is at 4.77 %. Zillow’s appreciation rate is based on the value of all homes in an area, including those that were sold.
Although there is a fall in the over-all home price growth, areas such as Seattle and Portland are experiencing a surge in home values at good appreciation rates. Besides national home values, the report also presents comprehensive data on local market price growth and decline in 75 metropolitan areas. The Zillow report gives detailed data on home value changes for counties, cities, neighborhoods and ZIP codes in U.S.A.
The top 5 metro areas with the highest price growth, year-over-year, are:
1. Lakeland-Winter Haven, Florida, with an appreciation rate of 25.88 %
2. Yuma, Arizona, with an appreciation rate of 25.66 %
3. Myrtle Beach, South Carolina, with an appreciation rate of 21.24 %
4. Flagstaff, Arizona, with an appreciation rate of 19.02 %
5. Ocala, Florida with an appreciation rate of 17.56 %
The 5 metropolitan areas that have the most declining home values, year-over-year, are:
1. Panama City, Florida, with a depreciation rate of 11.84 %
2. San Luis Obispo-Atascadero-Paso Robles, California, with a depreciation rate of 11.35 %
3. Punta Gorda, Florida, with a depreciation rate of 9.23 %
4. Sarasota-Bradenton, Florida, with a depreciation rate of 8.99 %
5. Greenville-Spartanburg-Anderson, South Carolina, with a depreciation rate of 8.73 %
The Zillow national report also includes the top five most expensive and least expensive metro areas measured by the Zindex home value indicator.
The top 5 metro areas that are most expensive are:
1. San Francisco-Oakland-San Jose, California at $684,459
2. Salinas, California at $654,503
3. Santa Barbara-Santa Maria-Lompoc, California at $627,323
4. Honolulu, Hawaii at $626,452
5. Los Angeles-Riverside-Orange County, California at $545,409
The top 5 metro areas that are the least expensive are:
1. Davenport-Moline-Rock Island, IA-IL at $86,201
2. Peoria-Pekin, Illinois at $91,984
3. Greenville-Spartanburg-Anderson, South Carolina at $96,508
4. Tulsa, Oklahoma at $97,186
5. Dayton-Springfield, Ohio at $103,729
Even within these markets, there are hot and cold housing segments of the community. Be sure to seek out the services of a local real estate agent, who can advise you about local market conditions that impact the price of homes, condos and other types of real estate.
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December 23, 2009 by Gavin
Filed under Boise Area News
Kit Mckee asked:
The 5 most important elements to a successful website design:
1) A BALANCE BETWEEN VISUAL APPEAL & FUNCTION – With the increased use of broadband, many designers have begun to lean heavily on visually stunning formats such as flash, or high resolution graphics. However, without balance, a website build totally in flash will be overlooked by search engine spiders, as spiders only read code and not embedded elements, and load slowly. Build your key menus and navigational controls in flash or with a ‘clean’ visual appeal, and have a separate navigation bar towards the top or bottom of the page in plain text with links.
2) KNOWING YOUR TARGET- You must understand the type of internet viewer you wish to attract. Your websites credibility should attract your target audience. Determine who your potential consumers are, what do they like, how do they think. Design based on what they would find interesting and helpful, not on what you may prefer. This will help viewers stay longer and make them more likely to become customers.
3) COMPANY REPRESENTAION- Know thyself…It’s also important to understand what your company represents, and how it should impact your site design. If you like dark and stylish visual elements, but your website is about being a balloon artist…you will be misrepresented, and your viewers will find you uncredible. Take a fresh look at your company to see what you are saying about yourself.
4) FAST LOADING – It is a fact that the average time a viewer decides to stay on a site is 8 SECONDS or less!!! Always keep your total page size for broadband users under 250k and under 100k for dialup users. “Know Your Target”. If your products and services are more attractive to a dialup user type user, keep it simple, and vice versa.
5) SEARCH ENGINE OPTIMIZATION – Your source code and meta tags are king. You want actual text, not images for your search terms I the first 80 lines of code. You also need your meta tags, keywords, and descriptions to be present. Although, backlinks are still the most effective means of page rank, they don’t help you much if your page is not enhanced with proper text, meta tags and keywords phrases.
Many designers today spend most of there time in one of two “camps”. Either visually stunning, or navigationally strong with no visual appeal. Be both and enjoy great success.
The Design Cellar is located in Boise, Idaho Many designers today spend most of there time in one of two “camps”. Either visually stunning, or navigationally strong with no visual appeal. Be both and enjoy great success. For more information on this article or web site design services contact http://www.designcellar.net
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The 5 most important elements to a successful website design:
1) A BALANCE BETWEEN VISUAL APPEAL & FUNCTION – With the increased use of broadband, many designers have begun to lean heavily on visually stunning formats such as flash, or high resolution graphics. However, without balance, a website build totally in flash will be overlooked by search engine spiders, as spiders only read code and not embedded elements, and load slowly. Build your key menus and navigational controls in flash or with a ‘clean’ visual appeal, and have a separate navigation bar towards the top or bottom of the page in plain text with links.
2) KNOWING YOUR TARGET- You must understand the type of internet viewer you wish to attract. Your websites credibility should attract your target audience. Determine who your potential consumers are, what do they like, how do they think. Design based on what they would find interesting and helpful, not on what you may prefer. This will help viewers stay longer and make them more likely to become customers.
3) COMPANY REPRESENTAION- Know thyself…It’s also important to understand what your company represents, and how it should impact your site design. If you like dark and stylish visual elements, but your website is about being a balloon artist…you will be misrepresented, and your viewers will find you uncredible. Take a fresh look at your company to see what you are saying about yourself.
4) FAST LOADING – It is a fact that the average time a viewer decides to stay on a site is 8 SECONDS or less!!! Always keep your total page size for broadband users under 250k and under 100k for dialup users. “Know Your Target”. If your products and services are more attractive to a dialup user type user, keep it simple, and vice versa.
5) SEARCH ENGINE OPTIMIZATION – Your source code and meta tags are king. You want actual text, not images for your search terms I the first 80 lines of code. You also need your meta tags, keywords, and descriptions to be present. Although, backlinks are still the most effective means of page rank, they don’t help you much if your page is not enhanced with proper text, meta tags and keywords phrases.
Many designers today spend most of there time in one of two “camps”. Either visually stunning, or navigationally strong with no visual appeal. Be both and enjoy great success.
The Design Cellar is located in Boise, Idaho Many designers today spend most of there time in one of two “camps”. Either visually stunning, or navigationally strong with no visual appeal. Be both and enjoy great success. For more information on this article or web site design services contact http://www.designcellar.net
Create a video blog
December 23, 2009 by Gavin
Filed under Boise Area News
Real Estate Advisor asked:
When you start the process of buying a home or any type of real estate, you’ll no doubt hear the term “earnest money deposit” (EMD). So what exactly is an EMD?
An EMD becomes relevant when you are ready to make an offer on a property. In most states, your Real Estate Agent prepares the offer on your behalf. The offer usually takes the form of a written contract that is submitted to the seller by way of their agent.
In addition to the offer document, sellers typically expect an EMD. An EMD is a monetary deposit submitted via check to demonstrate to the seller that you are a serious buyer. In some regions of the country, only a photocopy of the check is submitted with the offer, and the original check is delivered to the appropriate entity if the offer is accepted. Ask your Real Estate Agent to clarify how deposits are handled in your region of the country.
The check is usually made out to an independent third- party such as a Title Company, Escrow Company, Real Estate Attorney or your Real Estate Broker. Ask your Real Estate Agent to clarify who will hold the EMD.
The amount of the EMD sellers expect varies by region. The EMD amount is based on the customs and practices for a region, but is generally from 1% to 2% of the purchase price. In a competitive market place where demand exceeds the supply of homes, some buyers may offer a higher EMD than expected to impress the seller of their intent. In determining the amount of your EMD, consult your Real Estate Agent and balance the need to demonstrate your serious intent, against the good business practice of minimizing the deposit amount.
The amount of the EMD is usually applied to reduce the purchase price of the property or to cover closing costs, as you dictate. For example, if you are purchasing a $300,000 property and you give an EMD of $3000, then the remaining balance owned at closing is $297,000 (plus closing costs). Alternatively, you may direct that the EMD be applied toward the closing costs.
Once a valid contract for purchase is created, an independent third-party usually holds the EMD until the purchase is either completed or cancelled. At this point, the money belongs jointly to both the seller and the buyer.
In cases where you make an offer that is accepted but later decide to cancel the offer, the terms specified in the contract (or state law) will dictate if, and under what circumstances, the EMD is returned to you. Be aware that you could loose your deposit if you do not not comply with the terms of your contract. Your Real Estate Agent can provide you information about how EMDs are dealt with if a contract is cancelled.
Since state law varies by region and practices can differ even within the same state, be sure to consult your Real Estate agent about the rules that apply to EMDs in your region of the country. You should also be aware that the EMD is not related to any down payment that you make toward your home loan.
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When you start the process of buying a home or any type of real estate, you’ll no doubt hear the term “earnest money deposit” (EMD). So what exactly is an EMD?
An EMD becomes relevant when you are ready to make an offer on a property. In most states, your Real Estate Agent prepares the offer on your behalf. The offer usually takes the form of a written contract that is submitted to the seller by way of their agent.
In addition to the offer document, sellers typically expect an EMD. An EMD is a monetary deposit submitted via check to demonstrate to the seller that you are a serious buyer. In some regions of the country, only a photocopy of the check is submitted with the offer, and the original check is delivered to the appropriate entity if the offer is accepted. Ask your Real Estate Agent to clarify how deposits are handled in your region of the country.
The check is usually made out to an independent third- party such as a Title Company, Escrow Company, Real Estate Attorney or your Real Estate Broker. Ask your Real Estate Agent to clarify who will hold the EMD.
The amount of the EMD sellers expect varies by region. The EMD amount is based on the customs and practices for a region, but is generally from 1% to 2% of the purchase price. In a competitive market place where demand exceeds the supply of homes, some buyers may offer a higher EMD than expected to impress the seller of their intent. In determining the amount of your EMD, consult your Real Estate Agent and balance the need to demonstrate your serious intent, against the good business practice of minimizing the deposit amount.
The amount of the EMD is usually applied to reduce the purchase price of the property or to cover closing costs, as you dictate. For example, if you are purchasing a $300,000 property and you give an EMD of $3000, then the remaining balance owned at closing is $297,000 (plus closing costs). Alternatively, you may direct that the EMD be applied toward the closing costs.
Once a valid contract for purchase is created, an independent third-party usually holds the EMD until the purchase is either completed or cancelled. At this point, the money belongs jointly to both the seller and the buyer.
In cases where you make an offer that is accepted but later decide to cancel the offer, the terms specified in the contract (or state law) will dictate if, and under what circumstances, the EMD is returned to you. Be aware that you could loose your deposit if you do not not comply with the terms of your contract. Your Real Estate Agent can provide you information about how EMDs are dealt with if a contract is cancelled.
Since state law varies by region and practices can differ even within the same state, be sure to consult your Real Estate agent about the rules that apply to EMDs in your region of the country. You should also be aware that the EMD is not related to any down payment that you make toward your home loan.
Content
2006: Most Active Real Estate Foreclosure Markets
December 22, 2009 by Gavin
Filed under Boise Area News
Real Estate Advisor asked:
The foreclosure market is an attractive option for buyers wanting to invest in real estate. A foreclosed property is a mortgaged property that has been taken over by the lender due to non-payment of the mortgage. The lender then sells the property in order to recover the money, often at below market prices. Foreclosed homes, condos and other properties can for make excellent investments and is a popular choice for those entering the real estate market.
The October 2006 issue of Business 2.0 Magazine ranks the top 10 foreclosure markets in the United States. Greeley in Colorado tops the list followed by Detroit in Michigan, Miami in Florida, Indianapolis in Indiana, Ft. Lauderdale in Florida, Denver in Colorado, Dayton in Ohio, Dallas and Fort Worth in Texas, and Atlanta in Georgia.
Greeley, CO, has the largest number of foreclosure households in the country, with 0.59% of homes falling in the category, an increase by 14.7% since January 2006. The report holds aggressive residential development, risky underwriting practices and stagnant wages as the main causes.
Detroit, MI, stands next with 0.51% of the households in foreclosure. The badly performing auto industry and the resulting impact to autoworkers’ incomes has contributed to number of homes in foreclosure in this city.
Third on the list is Miami, FL, where 0.37% of the households are in foreclosure, a staggering 91% increase since January 2006. The report states a weakening economy, higher property insurance premiums, and rising energy and interest rates, as the reasons for this rapid increase.
The fourth among the top ten foreclosure markets is Indianapolis, IN. Although the foreclosure rates are slightly lower from last year, still the portion of households in foreclosure stands at 0.35%. Setbacks and layoffs in the city’s auto industry together with falling home prices have contributed to foreclosure rates in this city.
Fort Lauderdale, FL, stands fifth with 0.34% of households entering foreclosure, which is up by a whopping 118.5% since January 2006.
Denver (with 0.33% of households in foreclosure), Dayton (with 0.33% of households in foreclosure), Dallas (with 0.31% of households in foreclosures), Fort Worth (with 0.31% of households in foreclosure) and Atlanta (with 0.31% of households in foreclosures) round out the top 10 foreclosure markets.
If you are looking to invest in the foreclosure market, consult a real estate agent who can help you clinch the best deal on the foreclosure property of your choice.
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The foreclosure market is an attractive option for buyers wanting to invest in real estate. A foreclosed property is a mortgaged property that has been taken over by the lender due to non-payment of the mortgage. The lender then sells the property in order to recover the money, often at below market prices. Foreclosed homes, condos and other properties can for make excellent investments and is a popular choice for those entering the real estate market.
The October 2006 issue of Business 2.0 Magazine ranks the top 10 foreclosure markets in the United States. Greeley in Colorado tops the list followed by Detroit in Michigan, Miami in Florida, Indianapolis in Indiana, Ft. Lauderdale in Florida, Denver in Colorado, Dayton in Ohio, Dallas and Fort Worth in Texas, and Atlanta in Georgia.
Greeley, CO, has the largest number of foreclosure households in the country, with 0.59% of homes falling in the category, an increase by 14.7% since January 2006. The report holds aggressive residential development, risky underwriting practices and stagnant wages as the main causes.
Detroit, MI, stands next with 0.51% of the households in foreclosure. The badly performing auto industry and the resulting impact to autoworkers’ incomes has contributed to number of homes in foreclosure in this city.
Third on the list is Miami, FL, where 0.37% of the households are in foreclosure, a staggering 91% increase since January 2006. The report states a weakening economy, higher property insurance premiums, and rising energy and interest rates, as the reasons for this rapid increase.
The fourth among the top ten foreclosure markets is Indianapolis, IN. Although the foreclosure rates are slightly lower from last year, still the portion of households in foreclosure stands at 0.35%. Setbacks and layoffs in the city’s auto industry together with falling home prices have contributed to foreclosure rates in this city.
Fort Lauderdale, FL, stands fifth with 0.34% of households entering foreclosure, which is up by a whopping 118.5% since January 2006.
Denver (with 0.33% of households in foreclosure), Dayton (with 0.33% of households in foreclosure), Dallas (with 0.31% of households in foreclosures), Fort Worth (with 0.31% of households in foreclosure) and Atlanta (with 0.31% of households in foreclosures) round out the top 10 foreclosure markets.
If you are looking to invest in the foreclosure market, consult a real estate agent who can help you clinch the best deal on the foreclosure property of your choice.
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