Lena Lewis and Bridget Naso interview Anne-marie about the effects of the Economic Stimulus Package on the San Diego Real Estate Market.   Anne-marie says the typical interest rate difference between a jumbo loan and a conforming loan is about 1%, which will save someone who refinances $700,000 about $5,400 / year. For the number of homes in San Diego that could be affected, this could mean $1B+ / year in mortgage interest savings which would likely go directly back into our economy.  

With interest rates at their lowest in four years, it is a great time for homeowners to refinance to convert a jumbo loan to a cheaper conforming loan, combine a first and second into a cheaper conforming loan, trade in a variable rate mortgage for a long-term fixed rate mortgage, reduce interest rates, or to just consolidate debt to reduce payments.

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Dave Davis and Bridget Naso interview Robert about the status of the San Diego Real Estate Market.   When asked about the significance of foreclosures, Robert points out that the 353% increase in foreclosures takes us from 0.19% to 0.67%. If the emotional and media component did not exist, it would not be such a big deal. But, the foreclosures do create some great deals. If you are looking for a good place to get foreclosures, look to Chula Vista or Escondido.

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Chrissy Russo interviews her new favorite Doctor. Bob says he expects prices to slip a bit, but that sales should increase. He says that once you get beyond all the emotional baggage, it comes down to supply and demand. The builders have cut way back to reduce supply - and we lost nearly 1400 homes in the wildfires 3 months ago. We have always had demand, but now that is coupled with more affordability (up 20% of what it was last year). Bob says some of the best buys will be forclosures and people can sign up for San Diego's Finest Real Estate's Foreclosure Tours (Promotion code: fox6) at www.SanDiegosFinestRealEstate.com

• Not going to be an easy year, but will be a better buying year than anticipated
• More foreclosures
• Aggressive pricing
• Some great deals
• Market trying to stabilize

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Where is the Housing Market in 2008?

Previously announced January 15, 2008, on Fox 6's San Diego Living show, the following press release provides the details of the Foreclosure Bus Tours being run by San Diego's Finest Real Estate - appropriately titled Great American Dream Home Tours

San Diego's Finest Real Estate

FOR IMMEDIATE RELEASE

CONTACTS: Rachel Lufkin BERKMAN 619.231.9977 (office) rachel@berkmanpr.com Kristi Angevine BERKMAN 619.231.9977 (office) 404.944.0414 (cell) kristi@berkmanpr.com

San Diego’s Finest Real Estate Commences Foreclosure Bus Tours Local real estate company offers tours of foreclosed properties throughout San Diego starting with Solana Beach, Del Mar and Carmel Valley

SAN DIEGO (Jan. 29, 2008) To showcase some of the best deals among hundreds of properties that have been repossessed by lenders in San Diego County, San Diego’s Finest Real Estate (SDFRE) is launching the “Great American Dream Home Tour.” In February and March, the company will take prospective buyers on a four-hour guided search for bargains within the San Diego residential foreclosure market. The tour’s first stop: Solana Beach, Del Mar and Carmel Valley on Saturday, Feb., 9 from 9 a.m.- 1:00 p.m. “The real estate market in San Diego has made a nice correction and now is a great time to buy a home or condo, especially if you take advantage of bank-owned foreclosures,” said Anne-marie Boyer, a SDFRE broker. “Lenders are being aggressive and the banks are actually required by law to get foreclosures off their books, so it’s a great time to invest.” Large inventories of these real-estate-owned (REO) properties have made lenders increasingly willing to negotiate. Many of the homes and condos that will be seen on SDFRE’s foreclosure tours have been marked down tens of thousands of dollars below the original asking prices. In addition to touring foreclosed properties, SDFRE will offer helpful tips for people looking for a home in this buyer's market. The information provided will include the process of buying a home and an orientation of the community, as well as loan and re-sale information. The foreclosure bus tours are free and are offered on the following dates for the below listed San Diego County areas. All tours will take place from 9 a.m. until 1:00 p.m. Date Location Price Bedrooms Saturday, Feb. 9th Carmel Valley, Del Mar, Solana Beach $250,000 - $500,000 1-3 Sunday, Feb. 10th Carmel Valley, Del Mar, Solana Beach $500,000+ 4+ Saturday, Feb. 23rd Chula Vista $200,000 - $500,000 1-3 Sunday, Feb. 24th Chula Vista $500,000 - $700,000 4+ Saturday, Mar, 1st Poway, Scripps Ranch $600,000 - $800,000 4+ Sunday, Mar. 2nd Poway, Scripps Ranch $200,000 - $600,000 3-4 Sunday, Mar. 9th Del Sur, 4S Ranch, Santa Luz $500,000 - $900,000 3+

To R.S.V.P. call 858.755.2111 or register online at: www.SanDiegosFinestRealEstate.com/foreclosure-signup.html

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About San Diego’s Finest Real Estate
San Diego’s Finest Real Estate (SDFRE) is a boutique real estate firm owned and operated by Robert and Anne-marie Boyer. By providing comprehensive direction and support, SDFRE provides clients with a package deal that includes strategic direction from buyer specialists, mortgage brokers, investment advisors, and refinancing specialists. The Boyers know that success is often in the details, and perform yearly “check-ups” for clients to ensure their investments are generating maximum profits.

Anne-marie was selected for this honor. In the Q & A, she was asked what advice she would give young women looking to make their mark in business. "Don't let anyone, including yourself, put limitations on you..."

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San Diego's Finest Real Estate, a local real estate firm, is hosting free bus tours for bargain-hunting homebuyers this month and next. The tour features foreclosure homes marked below their original listed price.

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San Diego's Finest Real Estate launches their foreclosure bus tours.

A glut of foreclosures and a new group of investors and families interested in cheaper prices led a pair of San Diego real estate agents to bring potential buyers by the busload...

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Bob comments that freezing the teaser rates, as a partial solution to the subprime meltdown, is a true win/win for everyone - beyond those immediately involved in the mess. Click Here to View

Poway Unified School District - Thank You

Dr. Johnson recognizes the generous donation of Anne-marie & Bob Boyer. Click Here to View

Carmel Valley Concert in the Park

Bob and son Ryan are shown dancing to the music at one of the summer Concert In The Park series at Del Mar Highlands Towne Center Click Here to View

Donation to Hurricane Katrina Victims

Hurricane Katrina brought huge charity drives around the country.  We encouraged fundraising at two local schools, Sunset Hills Elementary and Black Mountain Middle School by matching every dollar they raised in their book sales. The combined proceeds of over $9,000 went to the hurricane victims. Anne-marie is pictured with the kids for the donation to the hurricane victims.

Hope Monument Dedicated to Founder of Rachel's Hope in San Diego

Anne-marie donated the Hope Monument , dedicated to Rosemary Benefield, founder of Rachel's Hope on its 10th Anniversary.  The Hope Monument is a life-size bronze sculpture depicting Jesus sitting next to a young woman, holding her hand as he cradles her baby, was presented to Benefield.  The monument conveys a message of hope and healing to women and men who have lost a child through early death due to abortion, miscarriage, stillbirth or accident.
The anniversary celebration was held at Anne-Marie Boyer's home in Rancho Santa Fe with an elegant sit-down tea.  In attendance was Auxiliary Bishop Salvatore J. Cordileone, who came to support of Rachel's Hope Ministry. Click Here to view and scroll down

Building Fund Donations

St. William of York started a building fund to create a school and a larger worship area.  By gifting a portion of all sales, purchases, and refinances referred from the community, we were able to provide large donations to the building fund.  The completed project is now called St. Terese of Carmel (visible from SR-56).

• One-family loans: $417,000
• Two-family loans: $533,850
• Three-family loans: $645,300
• Four-family loans: $801,950

Second mortgages $208,500 In Alaska, Hawaii, Guam, and the U.S. Virgin Islands: $312,750

 
Contact us at San Diego's Finest Real Estate

Anne-marie Boyer MA, Broker, GRI, e-PRO, ABR License #01137099 San Diego Real Estate Specialist (858) 755-2111

If you would like us to call you back now

Robert T. Boyer, Ph.D. Real Estate Investor Advisor License #01791063 (858) 755-2111