Bob Schwartz, California Real Estate Broker, Certified Residental Specialist

It would be easy to write a 2010 real estate forecast by repeating the industry line that “the new year will mark a turnaround for real estate values; those who act fast will be able to get the best buys” Real world facts, at least in San Diego, seem to indicate otherwise

In today’s challenging real estate market, what seller doesn’t want to increase their profits upon the sale of their home That seems to be a given priority, especially when so many have taken a negative hit to what was once greater equity

If the news is correct, there are bargains to be found in buying foreclosure homes in California To be sure, a savvy investor can find a gem among the ruins of the real estate market bust

The San Diego housing market is once again hot Selling quickly and at above listed prices are the bank-owned foreclosure properties, both detached homes and condominiums

Just a short while ago, the financial pundits announced the stock market had bottomed out Their reasoning for the proclamation was that the market had reversed with a 30% upswing

A recently released report has shown that the flood of foreclosures is not all due to lack of affordability, loss of income and other sad scenarios In fact quite a large percent are for “strategic” reasons

As part of The Cap and Trade Bill HR 2454, The American Clean Energy and Security Act of 2009, adds another layer of conditions for selling personal real estate (your home) in the United States The American Clean Energy and Security Act, a whopping 1,200 pages defining a cap-and-trade program for greenhouse gas emissions, a federal renewable electricity mandate, and a suite of new mandatory energy efficiency standards, imposes 397 new federal regulations and 1060 mandates on an American public already overwhelmed by extensive federal regulations

Just a few months ago, the consensus of opinion would have the public believe that the California real estate was putting in a bottom The advice was

It is a rough start to what was promised as a new era, a time of change and a promising future The Obama administration has made tremendous efforts at stimulating the economy with bailouts and a flood of ideas and taxpayer money poured into solving problems, particularly the escalating home foreclosures

The American Dream is often paired with owning one’s own home For decades Legislator’s have protected that dream with allowing home owners to claim the mortgage interest paid on their homes as a tax deduction