Realty World – Dave Thurman

Stockton Real Estate · Homes for Sale · REALTOR® Since 1976

On Saturday, January 14, 2012 from 12:00 Noon to 4:00 PM, you are invited to our Open Office at 2652 East Main Street in Stockton. If you are looking for residential, commercial, or investment properties in this area, don’t miss this opportunity to visit and meet with Dave Thurman, REALTOR®. Appointments are not necessary!

• Pick up a free list of homes!
• Foreclosure auction dates & information.
• Get pre-qualified for a home loan.
• Ask questions about foreclosures and short sales.
• Discuss agency and disclosure requirements.
• Become a member & start up your own Shaklee business
• First-time buyers and investors are welcome.

The Wall Street Journal

Just as in 2011, in 2012 many will be trying to figure out where housing is headed. While the housing market didn’t worsen in 2011, it also didn’t stabilize either. This year, the story will be about local markets. While many housing markets rose and fell together, they’re recovering at difference paces so talking about housing on a national level is not beneficial.

Making sense of the story

• Confidence and jobs: Housing is more affordable than it has been in decades, but many would-be buyers are worried about buying today if prices are going to be lower tomorrow. Still, others don’t want to buy a house until they have more evidence that they’re not going to get laid off or see their hours cut back.

• Foreclosures: Banks and other mortgage investors own around 440,000 foreclosed properties, but there’s another 3.4 million loans in foreclosure or serious delinquency, according to estimates by Barclays Capital. Because banks are faster to cut prices to unload inventory than are traditional sellers, home values can fall further as the share of distressed sales rises.

• Rents: If low mortgage rates aren’t enough to give urgency to would-be buyers, rent hikes could accelerate buyers’ decisions to take the plunge.

• Mortgage credit and rates: It’s still hard for many buyers to get approved for a mortgage because banks are demanding lots of documentation of borrowers’ incomes.

• Regulation: Many analysts don’t expect Congress to make major changes to Fannie Mae and Freddie Mac during the election year, but several major regulatory changes could significantly reshape the future of the lending landscape in 2012.

• Meanwhile, the regulator that oversees Fannie and Freddie is revamping the way that mortgage companies are paid for collecting loan payments. This could lead to a broader shakeup in the mortgage industry that ultimately influences how much borrowers are charged for mortgages and how banks handle loans that fall into delinquency.

Read the full story

http://on.wsj.com/wHMaiG

Simple things make holidays special

Christmas season in the modern culture is a time for over indulgence, hectic shopping binges and too much time spent in front the television or hand-held technology. Maybe, we should be more like a Labrador and get down to essentials.

Our Lab awakens each day with a quiet howl and incessant tail wagging before roaming every corner of the kitchen and dining room searching for any fumbles, pieces of food that have been inadvertently dropped. And, after a trip into the chilly outside air she returns to her bed and turns in a circle three times before settling in for a snooze.

Heck, it has taken the Lab eight years to train my wife, but now she makes three revolutions before lying down in bed, too. You see, the simpler things of life can be rewarding.

If I had a wish this time of year it would be that everyone would go outdoors and listen for the distinctive calls of geese flying high overhead through the fog, or gaze at the final colors of the trees as they lose their leaves. I’d wish for folks to go on a quiet walk, maybe along the Calaveras River, Lodi Lake, Mokelumne River at Van Assen Park or a nondescript Delta levee, taking in all that nature has to offer.

San Joaquin County is blessed with so much wildlife that comes each winter without pretention. [Read More]

Little Change in California, as Nevada and Washington Foreclosure Starts Plummet

I was reading “The Stockton Record” this morning as I usually do with my morning coffee…And I was again hit with the same old housing news! Will it ever end?

Reports show years of weakness for housing

New home sales are at 50-year low

WASHINGTON (AP) — Sales of new homes fell to a six-month low in August. The fourth straight monthly decline during the peak buying season suggests the housing market is years away from a recovery.

The Commerce Department said Monday that new home sales fell 2.3 percent to a sea­sonally adjusted annual rate of 295,000. That’s less than half the roughly 700,000 that econ­omists say must be sold to sus­tain a healthy housing market.

New homes sales are on pace for the worst year since the government began keeping records a half-century ago.

High unemployment, larger required down payments and tougher lending standards are preventing many people from buying homes. Plunging stocks and a growing fear that the U.S. could tip back into another reces­sion are also keeping people from entering the housing market.

Last year was also the fifth straight year that sales have fallen. It followed five straight years of record highs, when housing was booming.

Foreclosures and short sales — when lenders accept less for a house than a mortgage is worth — are forcing prices down. Those homes are selling at an average discount of 20 percent, and they are lowering neighboring home values. That’s made many re­sales a bargain compared with new homes, creating an average 30 percent disparity in prices.

All home sales remain weak. The August sales pace for pre­viously occupied homes was 5.03 million. That’s slightly above last year’s sales, which were the fewest since 1997. Economists say roughly 6 million older homes need to be sold each year to sus­tain a healthy housing market.

Home prices have dropped more since the recession started, on a percentage basis, than during the Great Depression of the 1930s. It took 19 years for prices to fully recover after the Depression.

Related articles

• New home sales hit six-month low in August
• August U.S. new homes sales fall
• Big housing blow: New home sales fall, again
• New Home Sales Fell To Six Month Low In August
• New-home sales fell in August for 4th month
• New-home sales fell in August for 4th month
• New-home sales fell in August for 4th month
• US new house sales fall in August
• We’re On Pace For The Lowest New Home Sales Ever

Stockton Real Estate – Dave Thurman

Open House ~ My Office at 2652 East Main Street, Stockton CA 95205

Saturdays 11AM – 2PM and Monday Evenings 5PM – 7PM

You are invited to our Open Office at 2652 East Main Street in Stockton. If you are looking for residential, commercial, or investment properties in this area, don’t miss this opportunity to visit and meet with Dave Thurman, REALTOR®. Also, learn all about a Shaklee membership. Come Join Us! Appointments are not necessary!

• Pick up “Dave’s List” of homes for sale!
• Foreclosure auction dates & information.
• Get pre-qualified for a home loan.
• Discuss agency and disclosure requirements.
• First-time buyers and investors are welcome.
• Get discounts & become a Shaklee member.
• Start your own business for only $299.
• Earn vacation trips, a new car & live healthier!

Stockton Real Estate – Dave Thurman

Realty World – Dave Thurman

Open House ~ My Office at 2652 East Main Street, Stockton CA 95205

Saturdays 11AM – 2PM and Monday Evenings 5PM – 7PM

Join us! You are invited to our Open Office at 2652 East Main Street in Stockton. If you are looking for residential, commercial, or investment properties in this area, don’t miss this opportunity to visit and meet with Dave Thurman, REALTOR®. Also, learn all about a Shaklee membership. Appointments are not necessary!

• Pick up “Dave’s List” of homes for sale!
• Foreclosure auction dates & information.
• Get pre-qualified for a home loan.
• Discuss agency and disclosure requirements.
• First-time buyers and investors are welcome.
• Get discounts & become a Shaklee member.
• Start your own business for only $299.
• Earn vacation trips, a new car & live healthier!

Open House – My Office at 2652 East Main Street, Stockton CA 95205

Every Monday evening from 5:00 PM to 7:00 PM, you are invited to our Shaklee meeting at 2652 East Main Street in Stockton. Please join us to discuss and learn about healthy nutrition, weight management, home care and personal care products.  Shaklee is at the center of five of the fastest-growing consumer markets projected to grow by nearly $1 trillion over the next 10 years. Please don’t miss this opportunity to visit and meet Dave Thurman: Your Source for Shaklee Products. Appointments are not necessary! Learn how to start your own Shaklee business for as little as $299. Earn a Car as You Build a Shaklee Business!

A Healthier Life for Everyone and a Better Life for Anyone^™

Maybe you’re looking for a way to get healthier. Or a way to make a healthier income. Maybe you’d like both. Maybe there are things that matter more to you than money.

We get it. Life can be better. You can live healthier, you can make a healthier income, and you can do it by making people and the planet healthier too.

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