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!
Can it be true?? Ladies and Gentlemen, no fools’ jokes wen
"Joseph and his team are amazing and will help you find your perfect home in San Diego. Cannot recommend him enough! He genuinely cares about his clients, knows the San Diego real estate market's ins-and-outs, and he dives in to get the job done and to make sure everyone is smiling at the end of the deal!"