Contact Hot On San Diego
Combining over twenty five years of real estate and financial services expertise, Sue Johnson bring a unique style to Windermere’s North San Diego County operations. Along with her husband Rich, the Johnsons have lived in the area since 1982; and combine their local expertise, dedication, and professionalism to help grow their practice into one of Windermere’s most successful in San Diego. 
The Johnson’s knowledge of the local market, negotiating skills, and enthusiasm towards all they do are characteristics of their success.
Sue Johnson is one of Windermere’s top agents in both sales volume and transaction sides since 2004 in Windermere’s inland division. Sue this past year earned both her GRI (Graduate Realtor Institute) and SRES (Senior Real Estate Specialist) designations.
Rich Johnson has held a number of Executive positions in the real estate field. Most recently, Rich has been the Branch Manager of Windermere’s Rancho Bernardo office. He also serves as the company’s Director of Business Development and founded the Information Technology Division at Windermere Exclusive Properties. Rich also is the Managing Director of the prestigious “Premier Properties” program. Rich has been 
listed as an “Honored Professional” in the Nationwide Register’s Who’s Who in Executives and Business, as well as being awarded a “National Leadership Award” and is an Honorary Co-Chairman of the Business Advisory Council.
Rich & Sue’s daughter Misty Dobson joined the team in 2008. Misty’s career highlights include successful stints as a licensed insurance agent, underwriter, and as a Title Representative. Prior to receiving her Real Estate license, Misty was the Office Administrator for Windermere’s Escondido office location. Misty is married with a son and daughter, and is known for her outgoing personality, vivacious outlook on life, and her ability to interact with all types of clients. She currently works directly with Sue Johnson as a listing and buyer’s agent.
The Hot On Real Estate Team love the Real Estate industry, and love being a part of the Windermere Family.
We share a belief in and are commited to having the greatest training, technology, and staff. Our brand of personal service is only one of many reasons why our team has grown. Honesty, integrity, and loyalty to our clients best interests is clearly evident and their mission in everything we do. Providing exceptional real estate service is our trademark, and we autograph our work with excellence!
Forclosure Activity Back Up As Stalemate Continues
March 7th, 2010 Categories: Real Estate News
Discovery Bay, CA, February 16, 2010 – ForeclosureRadar (www.foreclosureradar.com), the only website
that tracks every California foreclosure and provides daily auction updates, issued its monthly California
Foreclosure Report for January 2010 and you can download it right here on HotOnSanDiego! 
With hundreds of thousands of California homeowners in foreclosure a stalemate continues as only a small percentage reach the end of the process through cancellation or sale and the time to foreclose increases. Once again the raw numbers fail to tell the story on foreclosure activity
due to the difference in number of business days in January (19) vs. December (22).
On a daily average basis foreclosure activity increased on all fronts. Read The Full Report Here
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HotOnSanDiego Launches New Map Based Property Search
February 27th, 2010 Categories: Real Estate News
San Diego, CA – Consumer home searching has just taken a new leap. After nearly a year of development, HotOnSandiego and 1parkplace are proud to announce a “limited” release of the new Cirrus Home Search™.
Click Here To Try Our New Map Based Search Engine!
This system is designed to take consumers beyond the basic map based search to find homes in their desired area. Cirrus offers the ability for consumers to have the freedom to navigate any way they wish and have full control of the results.
The key features in the New Cirrus Home Search™ solution include the ability for the consumer to laser focus their search on areas that are clearly surrounded by desired search boundaries, then filter these listings to target a certain property type, price range, foreclosure or short sale and many more combinations based on the consumers interest.
The first set of available searchable boundaries include*:
· Neighborhoods
· Subdivisions
· School districts
· Zip codes
· CUSTOM – draw your own
*Cirrus is still being loaded with subdivisions based on our clients feedback. Try it out and tell us how your like it!
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Market Recap for February 2009
February 27th, 2010 Categories: Real Estate News
It appears the trend is no longer our friend, at least when looking at recent data on new and existing home sales.
New-home sales, in particular, have had a rough go of it, though not as rough as January’s showing, where sales dropped 11.2% to an annual rate of 309,000 units. This is the lowest sales rate going back nearly half a century. The sales drop helped push the national median price down to $203,500, a 5.6% discount from December’s median price of $215,600, while helping to push inventory up to a 9.1-month supply. 
However, the news on new-home sales becomes a little more palatable when placed in a larger context. The fact is that at least a few homebuilders, particularly Toll Brothers, remain upbeat. Citigroup, in a research note, pointed out that homebuilders are forward looking, while the sales data are backward looking. Last year, new-home sales were nearly as sluggish, but they recovered as the year progressed. Many market-watchers believe a similar pattern could emerge in 2010.
Existing-home sales fell 7.2%, the second-largest decline ever, to an annual pace of 5.05 million units. Distressed sales accounted for 38% of homes sold compared with 32% in the prior month. Meanwhile, inventory has crept up to a 7.8-month supply.
The data, when aggregated, suggest the federal homebuyer’s credit is losing its punch. We’re not surprised. Tax credits only temporarily stimulate current demand, they don’t raise aggregate demand. For that to occur, we need a sustained economic recovery with a concurrent sustained recovery in employment.
In respect to the economy, there are signs of improvement. The revised gross domestic product report showed that the economy grew faster than expected in the fourth quarter of 2009, posting a 5.9% annual increase. Now it’s a matter of translating economic growth into employment growth. We’ll get a better sense if that’s occurring with Friday’s employment report.
As for mortgage rates, the market continues to hold record lows. And, yes, we still think this is as low as they will go. The Federal Reserve still plans to end its mortgage-market intervention by March’s end, which means rates will be set by the more volatile, profit-seeking market. So, if anyone is thinking of locking in a rate, we strongly recommend he or she stop thinking and start acting.
.
|
Economic
Indicator |
Release
Date and Time |
Consensus
Estimate |
Analysis
|
|
Personal Income |
Mon, March 1 |
Income: 0.4% (Increase) |
Important. Income growth remains tepid due to slack employment demand. |
|
Construction Spending |
Mon, March 1, |
0.7% |
Important. Weather and the recent drop in residential construction are weighing on overall activity. |
|
Mortgage Applications |
Wed, March 3, |
None
|
Important. Slow job creation continues to slow refinance and purchase demand. |
|
Federal Reserve |
Wed, March 3, |
None |
Moderately Important. The Fed is expected to affirm what most of us know: the recovery continues at an uneven pace. |
|
Productivity |
Thurs, March 4, |
Productivity: 6.2% |
Important. Increasing productivity coupled with falling costs means wage-induced inflation remains a non-issue. |
|
Pending Home Sales Index |
Thurs, March 4, |
98.4 Index
|
Important. Weather will likely skew the index for both January and February. |
|
Employment Situation |
Fri, March 5, |
Unemployment Rate: 9.8% |
Very Important. The employment situation remains precarious. An increase in unemployment could send financial markets reeling. |
That appears to be the case, at least according to data released from the Census Bureau. Going back to 1968, the trend in housing starts has portended the trend in the overall economy.
Should we be optimistic or pessimistic? That’s difficult to say. Monthly figures on starts are volatile, and housing starts fluctuate more than many indicators. It takes several months for total housing starts to establish a trend. The good news is that going back to October, the trend in starts has been mostly stable and up. The bad news is that January’s free-fall in new-home sales could pressure the trend to change direction.
Or maybe not. The problem in vetting the data is that no two periods are exactly alike and history never repeats itself perfectly. For example, Census Bureau data show that housing completions generally lag housing starts, as would be expected, except in the latter half of 2009, where starts have fallen off a cliff compared to completions, creating a wide, unprecedented divergence.
So what does it all mean? Economists who believe that housing is the leading economic indicator aren’t very bullish on the economic outlook. We tend to be a little more bullish, because it can be misleading to read too much into historical correlations of two variables – in this case, housing and the economy. What’s more, the more correlations are vetted and become known, the more their predictive value tends to break down.
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Top 5 Facts About The New Homebuyer Tax Credit
February 27th, 2010 Categories: 4S Ranch, Brookside Escondido, Del Sur, Escondido, Find Your Home, Homebuyer Tax Credit, Poway, Rancho Bernardo, Rancho Penasquitos, Real Estate News, San Diego, San Marcos, Santa Fe Valley
On November 6, President Obama signed the Worker, Homeownership, and Business Assistance Act of 2009 into law, extending and expanding the important home buyer tax credit, and thereby providing many Americans with just the break they need to buy a first home or move up to a new home.
New Homebuyer Tax Credit
One of the requirements for becoming a Member of the Top 5 in Real Estate Network® is to provide my community with critical real estate information so you can make the best possible decision when buying or selling a home. To that end, I wanted to pass along some key facts about the extended and expanded tax credit that are critical for you to understand in order to take advantage of this opportunity:
1. Eligibility: The tax credit is now available for first-time home buyers and eligible current homeowners. A first-time home buyer is an individual who has not owned a principal residence during the three-year period prior to the purchase. This law applies for both parties in a married couple; if you haven’t owned a home for three years, but your husband has, then neither one of you can qualify for the tax credit. A qualified current homeowner who wished to move to a different home, must have owned and resided in their residence for five consecutive years out of the last eight.
2. Salary requirements: Single taxpayers with incomes up to $125,000 and married couples with a joint income up to $225,000 qualify for the full tax credit. Single taxpayers who earn between $125,000 and $145,000, and married couples who earn between $225,000 and $245,000 are eligible to receive a partial credit.
3. Amount of credit: The maximum credit amount for first-time home buyers is $8,000; the maximum credit amount for current homeowners is $6,500. The federal tax credit amounts to 10% of the cost of the home, up to a maximum credit of $8,000 for first-time home buyers and $6,500 for current homeowners. Under the new legislation, a tax credit may only be issued for homes purchased for $800,000 or less. The tax credit is a true credit—it does not have to be repaid unless the homeowner sells or stops using the home as their principal residence within three years after the purchase.
4. It’s refundable: The tax credit is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if you owe no tax or the credit is more than the tax owed. The credit is claimed using Form 5405, which you file with your original or amended tax return.
5. Timeline. The credit is available for homes purchased on or after November 7, 2009 and before May 1, 2010. The federal income credit can be claimed on one’s individual or joint tax return for the purchase of any single-family home (newly-constructed or resale, single-family detached, townhomes or condominiums) between the dates of November 7, 2009 and April 30, 2010. Home purchases subject to a binding sales contract signed before May 1, 2010 will also qualify for the tax credit as long as closing occurs by June 30, 2010.
For more information on the home buyer tax credit, e-mail me or visit www.irs.gov. Please forward this email to friends and family who may also be able to take advantage of this unique opportunity to purchase the home they’ve always wanted.
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