Avoid Top 10 Mistakes Made By Real Estate Investors

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.

Question by Seattle Homebuyer: What are the dangers of buying a short sale home?
I am trying to buy a home, but I am a little worried about the different sale options.

Best answer:

Answer by aydenmedia
well… the owners may be desperate to sell..so your taking it as is…. im not talking about money owed or loan balance… but as far as condition of the house… any permits pending…. just check the house out..inspect it… make sure its ok.. its usually a good deal…. i bought one for 300k…in South, CA…. it was valued @ 600k…. i did minor fixer uppers..and sold the fucker for a good profit…..!!

Know better? Leave your own answer in the comments!

Real Estate Photography- Ultimate Exposure to Earn Profits From Your Property Firm

Real estate photography is a new, exclusive initiative to promote international property business to inspire by the theme Development, Nature and Architecture. Real estate photography leads to increased competition in the photographic market. Most of time people would likely visit their property for sale because of the attractive images.

Tips of good real estate photography
- A good source of light.
- Wide angle lenses make real estate photos appear spacious, inspirational and motivational
- Digital formats cut down on printing and developing expenditures and makes photos available immediately.
- Same images should be available in different sizes so that according to the specifications you can provide it.
- take a shot of every part of house for sale including living room, kitchen, dining room, and other parts of the house.
- highlight the best features of your house.
- clean the entire house before taking its photos.
- hire a professional real estate photographer.

Real estate photography is of following kinds:
- Standard real estate photography,
- Elevated pole real estate photography,
- Exterior twilight real estate photography,
- Interior real estate photography services,
- Real estate photography for builders and architects.

Real estate firms have totally booming nowadays. If you are a property agent, you have probably faced a lot of competitions. Over few older years, when all you require is a well written advertisement to sell a real estate. Currently in order to fully publish your listings, you need to attach a good real estate photographs. With the emergence of digital cameras, the realestate that you are selling can be photographed and placed online. Potential purchasers from different parts of the world can actually see your listings with the images in it. Don’t underestimate the value of these photographs because a purchaser can definitely decide to check out the real estate based on the pictures that you have.

Real estate photography makes the property images impressive. If you have a house which looks unattractive and you want to sell that but because of appearance no good investor wants to buy it. Through the technique of real estate photography you can make your house to appear better and most of the investors search online for real estate images to buy it. Based on recent estimations, the number of individual searching home for sale online has increased. Almost half of these property seekers found their dream property instantly online through the help of real estate photography. An image is worth a thousand words. Especially when your words may be limited by the Multiple Listing Service use real estate photography techniques to express your quality difference in properties.

Question by Hmm.: How long would it take to get to lethbridge to red deer?
How long would it take to go from Lethbridge to Red Deer, Alberta, and how far away are they from eachother.

Best answer:

Answer by Incognito
Beautiful area…

182 miles
293 kilometers

approx. 3 1/2 hours

What do you think? Answer below!

Mortgage Questions & Answers

What do mortgage brokers detest around buying lead?
What if you could take truly 100% exclusive live leads at your request that be all recorded to verify the organize and it…

$$$ – How much of a mortgage do you consider a single creature next to 5 years work history, making ,000 a year gain?
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0,000 mortgage for 30 years near 5% simple interest rate. What is monthly settlement?
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• Are the activities of the federal senate of the financial/mortgage crisis helping or hinder the discount?
best answer will be chosen. sustain Helping to a solid extent in the short run (bailing out the banks and loosening credit available) but harm in the long run via inflation and devaluation of the dollar on…

“How can I retrieve feeble 1098 mortgage interest forms? Can I bring them from the IRS?
My lender assigned my mortgage then went out of business. Call the IRS and ask them for chronological tax returns. The IRS will only have the later 7-10 years in your wage/income file. Use form 4506-T…

“Trickle Down” economics and deregulation, are they responsible for the mortgage meltdown?
According to Obama during the debates, it was the Republican ideology of deregulation and corporate freebies during yesteryear 8 years that was greatly responsible for much of this mess. Do you agree or disagree and why? Obama is F.O.S.! The…

? About Mortgage Appraisal?
I don’t know anything about mortgage processes, but my husband and I are trying to buy our first home. We were told by the guard that the whole process takes in the region of 6-8 weeks on average. We picked up the paperwork Monday, turned it in on Tuesday…

10. within an endeavour to create stability surrounded by the financial market beside the housing and mortgage downturn contained by 2007,?
the federal reserve system? 1. raised the discount rate 2. lowered the discount rate 3. left the discount rate alone 4. none of the above Number two, they lowered it.

15yr mortgage or a 30 yr what best?
Went to the bank they will change my interest rate from a 6.78 to 5.30 for a 30 yr my closing will be 00 I don’t know if this is other now I also have an propose of 15ys at 4.55 interest my payment…

1st mortgagor foreclosed & did not foot any to my 2nd mortgage, do I hold to verbs to wage the 2nd?
My 1st mortgagor foreclosed & did not pay any to my 2nd mortgage, do I have to verbs to pay the 2nd? (State of Tx) Is the secondary mortgage in a minute considered…

2nd mortgage owned by “pooled” investors?
I thought I had both mortgages through Indymac bank that’s who I pay cheque. I have been out of a undertaking since 6/08 and had my first mortgage modified (lowered interest from 6.5 to 4.25%). I wanted to see if they would lower the interest on…

30 year mortgage gift unpunctually?
I called in my mortgage pay on the 30th day and got a confirmation number, the guard still reported as being over 30 days late. Can they do that? If you called after the cut off time for the sandbank they can, since they would not have received…

30 year mortgage or 40 year mortgage beside extra principal payments?
I will be soon in the market to buy my first house surrounded by the next 6 months. I can either try for a 30 year mortgage for 6% or a 40 year one for 7%. My wife and I are…

30,000 mortgage and property have be valued at 130,000 how do i seize a second mortgage?
my property has around 80,000 equity in it however i enjoy been signed off sick from work so dss repay majority of mortgage now is there anyway i could draw from a second mortgage on my own with…

31% Mortgage Delinquency Rate contained by Miami Condo is illustrious?
I am looking to purchase an apartment in a Downtown Miami Condominium. The association tells me in that is a 31% mortage delinquency rate in the building…Is that too high and i should not purchase or are adjectives building with the same number? That…

3rd Mortgage Can’t Pay what are my option?
1st Mortgage-Occupied House (Not late) 2nd Mort-Rental Prop (Occupied and paying full mortgage no late pays in 5yrs) 3rd Mortgage-Plot of Land—Ok so as of Jan 1st my remuneration will be decreased by quite abundantly. I can easily pay both house payments but the environment payment…

5 days postponed paying my mortgage, what’s going to arise?
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75% / 25% mortgage hell – guidance needed please?
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75000repayment mortgage taken out over 20 years (a) rate of 11.1%. What is the annual repayment?
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A cross-examine on mortgages – undependable vs. fixed etc…?
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A examine give or take a few reverse mortgages?
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A little aid beside mortgage information and first house buying?
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A man from my mortgage company stopped and took a pic of me while sitting on the porch can they do that?
HE TOOK THE PICTURE WITHOUT MY PERMISSION, JUST PULLED UP AND TOOK PICS. I CALLED MY MORTGAGE COMPANY TO CONFIRM AND THEY SAID THAT IT WAS THEM TO MAKE SURE…

A mortgage broker arranged a mortgage for me near a specific edge?
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A mortgage broker said he can seize me a pre-approval near no refusal effects by using a “soft hit.” Possible?
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A mortgage cross-question more or less calculating the total clearance.?
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A piece of stop of my uncle person mortgage to my unsettled father.Not remunerated. it’s over due. what is my stand here?
can i claim it as our land now since it’s not salaried? His daughter is claiming as hers, but we have a document regarding the mortgage. Get legal Advice, this sounds too…

About how lots loan processors work at an average mortgage brokerage firm?
I called a place and the person who answered my telephone call told me that they already have 2 loan processors and she wasn’t sure if they needed any more. I couldn’t talk to the hiring superior because he was on vacation….

About how much does mortgage insurance cost?
When we bought our first house it wasn’t necessary. We’re looking at a house that is 0,000 and will probably put ,000 down. We enjoy super good credit, like 750 or something. My credit is all right over 750 and I put 10%…

About how much would your monthly mortgage be on a home 0,000 us dollars contained by France?
Can you get a decent home for that?About how much does it cost per week to nurture a family? What do you propose ? Buy a house, a condo or build a cottage ? For 140.000…

More Mortgage questions please visit : QEOK.com

How to plan your first New Zealand Red Stag Hunting Trip

As a hunting consultant and one of the owners of Global Sporting Safaris, Inc., I have helped several hundred hunters take their first New Zealand Red Stag Hunting trip. The most frequently asked question is, “when is the best time for Red Stag hunting in New Zealand?” The information in this article is based on my firsthand experience. I have hunted the Red Deer “Roar” in New Zealand and also in Argentina. I have also hunted red deer outside of the roar in New Zealand.

The biggest draw for New Zealand hunting is the Red Deer also known as Red Stag. Most of the Outdoor TV Shows, hunting magazine articles and hunting reports focus their reviews around hunting during the “Roar.” The Roar is the vocal sound the red deer make during their rutting period, similar in nature but completely different than that of the Rocky Mountain Elk. The “Roar” usually runs around the third week in March to the forth week in April. This time period can change +/- 7 to 10 days by the weather conditions. If New Zealand gets a cold weather front in early March, it can speed up the Roar.

Red Deer hunting during the Roar is an exciting time to hunt and should be experienced at least once in a hunter’s lifetime. The Red Deer stags will roar around the clock. During this time period, the red deer are concentrating on their territories, hinds (female red deer) and other stags. A typical rifle shot during the Roar can be well under 100 yards. The Roar is also the best time for bowhunting red deer. A good guide should be able to get the bow hunter within 25 to 40 yards of his target. Blinds and hides can also be set up over mud wallows and trails offering shots at less than 35 yards.

Weather during the Roar is usually like early September in the Rocky Mountains. Expect the mornings to be cool, usually in the low 40’s and high temperatures in the high 70’s and even possibly low 80’s.

Red Deer Huntingcan be done on both the North and South Island from late February thru Mid-August. In most cases, the red deer will be out of velvet around the 20th of February. The last ten days of February and the first two weeks of March, the red deer will be in the best physical appearance of the year and should have no broken antlers or missing tines. The Red deer will start dropping their antlers around the third to fourth week of August. Red Deer in New Zealand will start fighting with other stags, usually shortly after the first seven to ten days in April. Hunters will start to see some broken tines from this time thru the end of August. These deer have been known to fight so hard with other stags; they have actually broken off the antlers at the skull plate exposing the stag’s brain. When this happens, the deer usually dies shortly thereafter.

With this being said, the best time to bow hunt red deer is during the Roar, from late March thru late April. The most premium red deer hunting “roar” dates would be the first ten days in April. Late February and early March and a great time to rifle hunt red deer and also a great time of the year to add some New Zealand fly fishing on the side. Red Deer can be hunted with a rifle during the roar but expect it to be an easier hunt than normal with most shots probably less than 100 yards. Red Deer hunting becomes more challenging from May thru August with average shots in the 150 to 200 yard range.

The first week of June usually brings the first snow of the season. Morning temperatures average in the mid to high 30’s and highs in the mid 50’s to low 60’s. Late May, June and July better replicate the late fall and Winter hunts we can experience in the United States. This is also a great time to mix a red stag hunt with Tahr hunting or Chamois hunting. The colder weather in late May starts the Tahr rut and is also responsible for the Tahr and Chamois to turn their winter coats darker in color. The “lion like” mane of the Tahr will also be at its fullest length during this time of the year.

There are two ways to hunt red deer in New Zealand. The first is known as “Estate Hunting.” Estate hunts are held on large fenced ranches or stations. These stations are usually quite large in size, from 2,500 acres to 20,000 acres or more. The fencing allows the ranchers to manage the herds and genetics and also keep out local hunters and poachers. Red deer management in New Zealand has allowed the country to develop thelargest red deer in the world. There were two New Zealand red deer harvested in 2009 over six hundred (600) inches and one was over 650 inches. All trophy class red deer in New Zealand come from Estates or Ranches. The fences on these stations eliminate the term “free range” but not fair chase. Most of these properties are extremely large and the terrain and flora make these hunts just as challenging as afree range hunt.

True free range red deer hunting in New Zealand is available on both Government and private properties. These properties may contain cattle fence but this doesn’t stop the red deer from simply jumping over them and moving freely about. Free range red deer are much smaller in antler size than the estate stags. A trophy free range stag on private property will have 10 to 14 points and will score from 220 to 275 inches. Due to hunting pressure and no real season for red stag, the public properties see much smaller stags than those on private property. It is very rare to see a “true” free range stag over 300 inches. Some property owners will release 300 inch plus red deer on their free range properties. These stag can usually be identified after harvest by looking for holes in their ears where a tag used to be.

With the general big game hunting seasons in New Zealand closing in August and the U.S. big game season starting in September, red deer hunting in New Zealand is a great way to extend your big game hunting season.

Mortgage Questions and Answers

More Mortgage questions please visit : MK2D.com

Can you find a personal loan to earnings the differnece you owe on your mortgage contained by instruct to provide you home?
If you own the credit and income to qualify for this loan, yes. The scenario you are describing is perhaps an attempt to avoid a short sale? Since you probably owe more than the house…

Can you include other debt into a mortgage loan?
I am a soon-to-be first time home buyer.. and I have a car loan, some credit card debt (not too much), and student loans that I’m looking at. Can I include these into a mortgage gift? Help…! it may oblige you get some loan http://www.speedlender.com Wayne is correct….

Can you include your 2nd mortgage surrounded by collapse?
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Can you move your mind when you sign a contract from unsettled to fixed on a contemporary mortgage?
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Can you procure a mortgage for a spanking new house when you haven’t sold your ancient one on the other hand?
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Can you pull down a house and go back to the beginning if you still own a mortgage on it?
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Can you receive a mortgage contained by the UK beside desperate credit?
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Can you recommend a fitting mortgage broker within the UK, Leicester?
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Can you rent out a house that have a modified mortgage?
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Can you still attain 100% mortgages?
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Can you sue a guard which mortgages a lease stop minus registering it and in need NOC from the lessor?
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Can your home be foreclosed if you hold remunerated sour your mortgage?
Not by the mortgage company. No. SURE, if you don’t earnings your HOA assessments. Or if you have junior liens, from contractors, HELOC, IRS, county taxes, that you don’t pay. Source(s): unadulterated estate investor yes; for taxes by the county…………or IRS liens. Source(s): RE broker…

Can your income be put down on a mortgage, but not your credit?
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Can your second mortgage foreclosure your house?
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Caulate the following, best answer 10 points !?
Eric Stewart borrowed 1,000 to purchase a home. The monthly mortgage payment for principal and interest is ,633.19 for twenty-five years. Calculate the following: Total Repayment amount: $ Total cost of interest:$ = ,633.19(25 * 12) = ,633.19(300) = 9,957 Answer: 9,957 is the total repayment. ———– = 9,957…

Daycare Income Statement?
I need to put together an income statement for an in-home daycare and have some question. I understand how to prepare an income statement but don’t know if I should include expenses that are not only for daycare. An example is business use of home, I can claim slice of my home payments when…

Daycare Questions from Stressed mom…Part 2?
Home daycare vs. Centre daycare I would prefer the centre – but it is 00/month. Home daycare will be about 0-800/month. I know my daughter is worth the money, but we simply can’t afford it, and I am feeling so guilty for having to choose something I might not want simply…

Debt Relief Act of 2007?
My ex partner and I bought a condo in Atlanta, Ga. However, we were forced to move because our job were ending and moved to Chicago because of mission offers. We tried for two years to sell the property. We finally took it past its sell-by date the market and got approval…

Debt To Income Ratio And Loan Modification?
How will my debt to income ratio affect a loan modification? Do percentages appy when doing a loan modification? How low should I expect the mortgage company to lower my interest rate if it is already 5.535%? In a Making Home Affordable Modification does have rules on the subject of…

Defaulting on a second mortgage….?
My girlfriend just found out that her ex husband is being sued for defaulting on the second mortgage of her house. This mortgage be determined by the courts that it would be his responsibility to pay since he had lumped substandard business deals, etc. in this mortgage. She is worried going on…

Mortgage Advice For Frequently Asked Mortgage Questions

As you start your search for a mortgage, there are a few questions you need to ask yourself in order to narrow your search and know what you’re looking for. Unfortunately, the answers to those questions aren’t always easy. For some honest mortgage advice on the answers to your mortgage questions, keep reading.

Fixed Rate Mortgage or ARM?

If you plan to stay in the house you’re planning to purchase for longer than 7 years or simply want stability in your monthly payments, pick the fixed rate mortgage if you can afford it. A fixed rate will allow you consistent payments month-after-month for the duration of the mortgage loan.

Alternatively, an ARM (Adjustable Rate Mortgage) is great for families who know they’ll be out of their house in less than 7 years. Before you take on an ARM, ask your lender what your worst case scenario would be based on your annual rate adjustment cap. Make sure you could financially handle a potential sharp spike in your monthly mortgage payments.

How Large Should My Down Payment Be?

Ask yourself how much of an interest rate reduction you’ll get with a higher down payment and whether a lower down payment will result in having to pay expensive private mortgage insurance. Mortgage insurance is often required by the lender to cover their risks when the buyer’s down payment is too low.

Typically, investing in a larger down payment results in a return on the investment that’s equal to the mortgage interest rate. Now, if dropping your down payment puts you in a different category (for example, below 20% or below 5%) that can affect the return significantly.

Do I Want an Interest-Only Mortgage?

An interest only mortgage offers homeowners an option to pay only interest, but for a specified period of time. This results in a lower required monthly payment and the buyer is still free to make payments on the principal.

Interest only mortgages should only be used though by borrowers who actually need them. For example, a good candidate might be a freelancer or contractor who has a fluctuating income and wants the freedom to make extra payments on the principal while still having a smaller monthly commitment.

Other examples include individuals who need the cash flow for high-yielding investments (earning more than 9% over the long term) or families who are expecting to make higher incomes in a few years, at which point they can begin making some significant principal payments.

Should I Accept a Pre-Payment Penalty?

A pre-payment penalty is a clause in your mortgage agreement that says you’ll pay a penalty if you pay off the mortgage too early or seek to make extra payments. On the surface, you might assume the lending institution would welcome the faster repayment of its loan. However, doing so actually results in some financial loss through lost interest payments.

Typically, prepayment penalties disappear after a few years. If you opt for a fixed rate mortgage and plan to remain in the house for a long time, you can often exchange a pre-payment penalty for a lower rate!

Buying Short Sale Homes

For the real estate investor who is looking for profitable property deals today’s real estate market screams for buying short sale homes! With thousands of unemployed property owners desperately trying to hang on to their houses and stall upcoming foreclosure, timing is perfect for profiting by purchasing property using the home short sale as a strategy.

In business timing is everything and one man’s loss is another man’s gain. This unfortunate reality gives the shrewd business man or woman an extremely lucrative window of opportunity to create a fortune with a process called buying short sale homes. If buying short sale homes is a new concept for you then learning how to buy a home using the strategy will be your next step should you wish to take advantage of this lucrative market and opportunity.

What is a Home Short Sale?

A home short sale is sale in which the proceeds fall short of the balance owed on the mortgage or property loan. This type of sale most often occurs when a borrower can not pay the mortgage loan on their property, due to some unforseen circumstance such as job loss, yet is able to produce a buyer (an investor makes an offer) and the lender decides that selling the property at a moderate loss is better than pressing the current debtor, the market economy or both.

Both parties consent to the home short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and a very poor credit report outcome for the borrower. It isn’t a win/win type of transaction but the alternative looming on the vivid horizon could be even worse – for both parties.

The present economy, with it’s skyrocketing unemployment and cold real estate market equals opportunity heaven for skilled investors wanting to profit from buying short sale homes.

You Need to Know What You’re Doing

Buying short sale homes isn’t the cake walk some people would like you to believe. Just because a home is offered at a short sale price does not necessarily mean it is a great deal. For example …

The buyer could have bought during the height of the market and then added more debt by remodeling portions of the property that never increase the value enough to offset the cost. This of course could definitely be a reason for passing on the prospective transaction, no matter how motivated the seller may be. If the property doesn’t have the needed value to allow you to make a nice profit even at the losing sale price then what would be your reason to buy it? And …

If the lender is much to willing to take a moderate loss you, the buyer, may not be making a killing at all. The lender may know something you don’t and may not be willing to disclose. They, the lenders, may also be very unwilling to pay for inspections etc … that could help you determine whether the home short sale is a structurally sound deal. Always remember …

If it’s to easy somethings wrong because money doesn’t usually fall from the sky and money lenders are not into charity contributions. The best advise I can give you is to take a course on buying short sale homes so that you learn exactly what is a good deal and what is not.

Central San Diego Real Estate Market – Mid Year Snapshot Of Median Prices (2006) – Single Family Homes

Central San Diego Real Estate Market – Mid Year Snapshot of Median Prices (2006) – Single Family Homes

As of this writing, the San Diego real estate markets appears to have shifted from one that favors sellers to one that favors buyers. However, this premise may not hold true for all communities within San Diego, as median prices for some communities continue to rise while others fall.

While there are many metrics to evaluate the real estate pricing trends of a community, one commonly used parameter is to evaluate the median price of homes from one point in time against a prior point of time. The median price reflects the point at which half the homes are above a particular price point, and half the homes are below a particular price point. The median price metric provides one method to analyze the direction of home prices, but should not be used as the sole source of data from which to form conclusions.

The data below is a comparison of median prices for various communities in central San Diego County, comparing data from June 2005 against data for June 2006. This information is only one metric at a particular point in time, and other metrics or data from future months may support or dispute the pricing trends noted below. For some of the San Diego communities presented below, very few homes sold during June 2006, which diminishes the usefulness of the median price metric.

COMMUNITIES WITH INCREASES IN MEDIAN PRICE – SINGLE FAMILY HOMES – JUNE 2006

The data below pertains only to the sales of single-family homes, and does not include condominiums or townhomes. The data is organized by the magnitude of change in median price, with the highest change in median price presented first.

For the Coronado real estate market, the median price was ,775,000, which represents a 14.7% increase from the same time last year. Approximately 15 homes sold in June 2006 (21 homes sold in June 2005).

For the Point Loma real estate market, the median price was ,024,068, which represents an 11.4% increase from the same time last year. Approximately 20 homes sold in June 2006 (14 homes sold in June 2005).

For the University City (UTC) real estate market, the median price was 0,000, which represents a 10.6% increase from the same time last year. Approximately 5 homes sold in June 2006 (19 homes sold in June 2005).

For the La Jolla real estate market, the median price was ,692,500, which represents a 10.3% increase from the same time last year. Approximately 28 homes sold in June 2006 (38 homes sold in June 2005).

For the Logan Heights real estate market, the median price was 5,000, which represents a 7.6% increase from the same time last year. Approximately 13 homes sold in June 2006 (14 homes sold in June 2005).

For the Paradise Hills real estate market, the median price was 7,500, which represents a 5.7% increase from the same time last year. Approximately 8 homes sold in June 2006 (16 homes sold in June 2005).

For the Mission Hills real estate market, the median price was 7,500, which represents a 3.1% increase from the same time last year. Approximately 11 homes sold in June 2006 (12 homes sold in June 2005).

For the Scripps Ranch (Scripps Miramar) real estate market, the median price was 9,250, which represents a 2.8% increase from the same time last year. Approximately 34 homes sold this month (43 homes sold in June 2005).

For the San Carlos real estate market, the median price was 3,000, which represents a 2.4% increase from the same time last year. Approximately 12 homes sold in June 2006 (16 homes sold in June 2005).

For the Del Cerro real estate market, the median price was 7,500, which represents a 2.1% increase from the same time last year. Approximately 13 homes sold in June 2006 (30 homes sold in June 2005).

For the Normal Heights real estate market, the median price was 6,250, which represents a 1.7% increase from the same time last year. Approximately 20 homes sold in June 2006 (19 homes sold in June 2005).

COMMUNITIES WITH DECREASES IN MEDIAN PRICE – SINGLE FAMILY HOMES – JUNE 2006

The data below pertains only to the sales of single-family homes, and does not include condominiums or townhomes. The data is organized by the magnitude of change in median price, with the highest change in median price presented first.

For the Old Town real estate market, the median price was 0,000, which was a 19.1% decline from the same time last year. Approximately 5 homes sold in June 2006 (14 homes sold in June 2005).

For the Golden Hill real estate market, the median price was 1,000, which was a 16.4% decline from the same time last year. Approximately 10 homes sold in June 2006 (13 homes sold in June 2005).

For the Pacific Beach real estate market, the median price was 1,960, which represents a 14.8% decline from the same time last year. Approximately 15 homes sold in June 2006 (19 homes sold in June 2005).

For the Tierrasanta real estate market, the median price was 0,000, which represents a 12.6% decline from the same time last year. Approximately 9 homes sold in June 2006 (17 homes sold in June 2005).

For the North Park real estate market, the median price was 0,000, which represents a 9.7% decline from the same time last year. Approximately 31 homes sold in June 2006 (16 homes sold in June 2005).

For the College Grove real estate market, the median price was 5,000, which represents a 5.9% decline from the same time last year. Approximately 38 homes sold in June 2006 (40 homes sold in June 2005).

For the City Heights real estate market, the median price was 0,00, which represents a 5.3% decline from the same time last year. Approximately 17 homes sold in June 2006 (30 homes sold in June 2005).

For the Mira Mesa real estate market, the median price was 0,000, which represents a 4.7% decline from the same time last year. Approximately 45 homes sold in June 2006 (47 homes sold in June 2005).

For the Linda Vista real estate market, the median price was 0,000, which represents a 4.2% decline from the same time last year. Approximately 16 homes sold in June 2006 (17 homes sold in June 2005).

For the Mission Valley real estate market, the median price was 0,000, which represents a 3.8% decline from the same time last year. Approximately 7 homes sold in June 2006 (18 homes sold in June 2005).

For the Encanto real estate market, the median price was 5,000, which represents a 3.3% decline from the same time last year. Approximately 36 homes sold in June 2006 (47 homes sold in June 2005).

For the Clairemont real estate market, the median price was 5,000, which represents a 2.6% decline from the same time last year. Approximately 30 homes sold in June 2006 (34 homes sold in June 2005).

For the Sorrento Valley real estate market, the median price was 1,000, which represents a 1% decline from the same time last year. Approximately 6 homes sold in June 2006 (5 homes sold in June 2005).

ADVISORY

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time, and is not conclusive of the pricing trends for any community. For some communities presented above, very few homes were sold during June 2006, which makes the use of the median price metric of limited value. The data must be evaluated over a longer duration, and involve multiple metrics to fully understand enduring market trends. Contact your Realtor to obtain information about enduring market trends for any given community.