Last week, our team and myself attended the annual National Real Estate Conference downtown where we were fortunate enough to be audience to a multitude of panels comprised of the best-of-the-best in all areas of real estate - many market issues were discussed but the topic brought up by all panelists from builder reps, to city councilmen, to economics professors surrounded this mounting nationwide concern of a potential market bubble.
Let's set the record straight here... experts agree - the issue is not when the bubble will happen, but rather when will this inventory crisis end ?!
Let's compare this year's numbers to when we did experience the market crash in 2007 - the calculated scales are currently tilted slightly in favor of buying vs. renting, versus the extreme opposite where 2007 pointed severely in favor of renting as the more affordable option (when considering renting costs vs. the current conventional loan offerings). Also in 2007, we were building in excess with 225,000 homes per year (in California), however despite today's population having grown by 4 million, we are building under 80,000 homes per year. What shocks me here is how we are growing by nearly 400,000 people each year, yet only building 80,000 new homes..?! Something doesn't add up here!
Having been raised in North County San Diego, Joseph has a great wealth of experience and knowledge of each community San Diego has to offer. Combined with being extremely hard working, having a great attention to detail, and having the ability to listen, Joseph’s clients receive an elite level of service. Entering Real Estate during the fall of the market in 2007 Joseph quickly realized he needed separate himself from the average agent, he saw that the real estate industry as a whole was lacking technology and modern marketing techniques, which led Joseph to create The Arendsen Group that has a philosophy to utilize technology and to always stay ahead of the industry. His proven modern day marketing system has caused each one of his listings to sell faster, and for more money than the competition. Joseph has been involved with almost every aspect of real estate, originally starting at Prudential California Real Estate and quickly being noticed as a top buyer’s agent, Joseph was recruited by The Endeavor Group where he continued his success with helping buyers, branching off in 2009 to join Chase Merritt a large real estate development & investment company, Joseph learned everything there is to know about investing in residential real estate all while being their listing agent for over 64 properties in San Diego. Whether it’s Buying, Selling, or Investing, Joseph can help!
It's a New Year, New You! ...& a New Housing Marke
"We have just recently purchased a home in Oceanside, Ca.. Not really knowing the area for real estate, I went online to check properties out. I wanted to look at Oceanside down to Encinitas. The web page popped up coastal communities and realtors. Not knowing anyone in the area for help,I really wanted to find someone who was very familiar with the areas of interest for my family and myself.
I wanted a safe and nice area to live and have my daughter grow up with nice school districts also.
After putting some of my interests down on the web page , I received an email back from an individual realtor. His name was Joseph Arendsen. I had no ideal what this man could do for us or how long he had been in the realty business.
I emailed him back and then went on line to look up his bio. I was pleasantly surprised that he is as knowledgeable has he came across, especially for someone moving to an unknown area of interest. He grew up in the Oceanside area and was very familiar with the nice and the not so pleasing areas of Oceanside. Which by the way, I must also say kudos to the city of Oceanside for stepping up to the plate and transforming Oceanside making this an inviting place to live. Which it was not even a thought over ten years ago for me.
Back to Joseph. The man spent the time with me even after finding out I was not going to be an easy sale. I had a criteria that was not an easy one to fulfill. After a couple visits, Joseph and I signed an agreement and from that point, the hunt was on. after the first three to four homes we looked at Joseph had a good feel for what and where I would even consider looking at to live.
After ten homes of interest, Joseph scored by taking us by this one place that he didn't even think would be our definitive pick.
We met him there. My family and I right off the bat were pleased at what we saw so far. Joseph still insisted we look at a couple more. We went with him knowing we wanted what we just saw . Joseph would have come up with something over the top to top this one. Joseph got on the phone right away to call the selling agent to find the specifics on this property. I kept hounding him to please get in direct touch with the selling agent to see if we could put a bid in.
He took us to see the others but my interest was still on the one property. Finally that day Joseph let us know he had made contact and that wheels for this property could be in motion. he kept in continuous contact with us and always explained the good with the possible not so good. He was truly making an effort to get us what we wanted.
The MAN put in some serious efforts to pull the strings I was demanding for this deal. needless to say we are in our home of chose and ''Thanks to Joseph'' with the knowledge he has of the area and his constant contact and efforts and team of people he uses it was made possible!!!! My family and I thank you Joseph and we would refer you to our friends and family and anyone who might be thinking of buying in this area. ( I am still customizing the home so it is the way we want it inside and out but that is minimal.) = ))
Randy, Nancy, Zoe."