ROD DALEY Real Estate

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Welcome to our newly revised Rod Daley website. We hope that this new format will be responsive to your needs, and that it will give you a greater understanding of our local market conditions at any given time.

During the past two years homeowners throughout North America and Western Europe have experienced a retracement of the considerable value appreciation that they previously experienced during the period of 2000 to 2006. Some of the value decay was a result of sub-prime lending in “first time buyer” neighborhoods. Some of the decay is attributable to the severe deleveraging of the banking industry. The latter has resulted in fewer lenders lending lesser amounts on homes in the $700,000 to $10,000,000 range, which definitely influences coastal properties on both the west and east coasts of North America.

In spite of the aforementioned conditions, our local area has experienced an almost perfect supply/demand ratio with continued execution of sales at record or near record prices. The beachfront and private gated enclaves of Laguna Beach are still prized areas in which to live and recreate. Last year (2007) was our most productive year, and this year (2008) is shaping up as an even better record year for our personal production helping homesellers and homebuyers achieve their goals.

While I cannot predict the price levels of the next few weeks and months, macro demographic studies from the various universities in our local area indicate that our local area will experience a shortage of housing within a few months/years. I know that it is helpful to have our banking friends facilitate our transactions with responsible lending practices. At some point in time those same banks, and insurance company lenders, will return to our market. Their re-entry and the pent up overwhelming demand bodes well for the 2010-2012 time frame.

For over three decades I have represented homebuyers and homesellers with the goal of helping them achieve their goals independent of the media “noise” and panic headlines. Once again, this is a time for sensible reflection upon your individual goals. We are here to help you.

Rod Daley

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The content of the Daley News Blog is solely the opinion of Rod Daley and should not be taken as kind of financial or real estate advice. We welcome you to contact Rod to discuss these subjects, but strongly suggest you speak with your tax or legal adviser before making any decisions regarding the sale or purchase of real estate.