Home Members Sean Harkin
Sean Harkin
 

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760-456-7206

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Recent activities

2 weeks ago
Emily Goethel and Siddharth Chhokar are now friends
Nov 13
Emily Goethel and Dave Ptak are now friends
Nov 11
2 months ago
Nicole Hazelton uploaded a new avatar
Sep 29
4 months ago
San Diego Property Tour | Marina District | Brickyard 602 India Street | Downtown San Diego 92101 01:38
Brickyard | 602 India Street, San Diego CA 92101 Offered for sale at $1,595,000 A brief introduction to one of Downtown San Diego's most unique prope...
Jul 11
5 months ago
Nicole Hazelton and James Pieri, Jr. are now friends
Jun 10
7 months ago
Daniel Lozier and Lori Stansfield are now friends
Apr 30
Greg Jackey and Lori Stansfield are now friends
Apr 30
Frank Schultz and Lori Stansfield are now friends
Apr 30
9 months ago

Harcourts Conference 2014-Notes from CAR’s Chief Economist We just returned from our annual conference energized and focused after being acknowledged as part of the top 30 agents in the company's U.S offices for 2013. We enjoyed 2 full action packed days of Keynote speakers and economic breakouts. Our own Nicole even took part in a Rock-Star Agent Panel to share tips with new agents to the industry. We also spent a day golfing for charity and raised over $3,000 that was later donated to Operation Smile, Braam Malherbe our day 2 keynote Speaker's foundation for children with cleft palates. It was our privilege to be able to meet in a small breakout session with Leslie Appleton Young, our California Association of Realtors VP and Chief Economist. Throughout the discussion, the statement she made that resonated with us is that this market “could not possibly be a ‘bubble’ because there are so many buyers purchasing with cash”. With the government tapering and Fannie Mae & Freddie Mac purchasing over 80% of the mortgages in 2013, by December 2013 85% of all sales in California were equity sales. For a market that was 60% REO’s back in January 2009, we have seen a huge improvement to distressed sales with only 5% being REO currently in California. In 2009 over 35% of homeowners were underwater which has now decreased to 13%. Overall absorption in Ca is at 3 months, which is still not a balanced market but is heading there. Delinquency rates are back to long term trending. In 2013 82% of investment purchases were turned into rentals versus “flipped”. In San Diego our median price is up overall by 15%. In California there is strong foreigner purchasing presence, with 30% of buyers from China, 13% from Mexico, 9% from Canada, and 6% from India. 38% of these foreign transactions were done in cash. Dollar volume decreased 60% from 2006 to 2011 and has been sturdily improving the past 3 years. The overall message? Don’t miss out on the current opportunity to purchase with rates historically low! The increase in rate will decrease individual purchasing power because payments will be higher and loans will be harder to qualify for.

Feb 26

Harcourts Conference 2014 - Notes from CAR's Chief Economist


We just returned from our annual conference energized and focused after being acknowledged as part of the top 30 agents in the company's U.S. offices for 2013. We enjoyed 2 full action packed days of Keynote speakers and economic breakouts.

Our own Nicole even took part in a Rock-Star Agent Panel to share tips with new agents to the industry. We also spent a day golfing for charity and raised over $3,000 that was later donated to Operation Smile, Braam Malherbe our day keynote Speaker's Foundation for children with cleft palates.

It was our privilege to be able to meet in a small breakout session with Leslie Appleton Young, our California Association of Realtors VP and Chief Economist. Throughout the discussion, the statement she made that resonated with us is that this market could not possibly be a 'bubble' because there are so many buyers purchasing with cash.

With the government tapering and Fannie Mae & Freddie Mac purchasing over 80% of the mortgages in 2013, by December 2013 85% of all sales in California were equity sales. For a market that was 60% REO's back in January 2009, we have seen a huge improvement to distressed sales with only 5% being REO currently in California. In 2009, over 35% of homeowners were underwater which has now declared to 13%. Overall absorption in CA is at 3 months, which is still not a balanced market but is heading there. Delinquency rates are back to long term trending. In 2013, 82% of investment purchases were turned into rentals versus "flipped". In San Diego, our median price is up overall by 15%.

In California there is strong foreigner purchasing presence, wit 30% of buyers from China, 13% from Mexico, 9% from Canada, and 6% from India. 38% of these foreign transactions were done in cash. Dollar volume decreased 60% from 2006 to 2011 and has been sturdily improving the past 3 years.

The overall message?

Don't miss out on the current opportunity to purchase with rates historically low! The increase in rate will decrease individual purchasing power because payments will be higher and loans will be harder to qualify for. 

Feb 26
San Diego Real Estate | Client Testimonial | Little Italy Buyer | Hazelton & Associates 02:40
Condo Buyers Rob & Whitney describe their purchase process working with our team. Rob & Whitney worked to purchase a second home in the Little Italy n...
Feb 14
Downtown Neighborhood Comparison | San Diego Market Statistics | January 2014 02:26
Here is a comprehensive information on the sales statistics comparing each Downtown Neighborhood in San Diego 92101 for the month of January 2014. Ha...
Feb 12
10 months ago
San Diego Neighborhood Tour | Downtown 92101 | San Diego 02:12
An in depth overview of Downtown San Diego's many neighborhoods! There are 8 districts in 92101 that offer several different communities to support th...
Jan 31
Nicole Hazelton and Melinda Neill are now friends
Jan 29

Photo Comments

  • Busalacchis Busalacchi's A Modo Mio... one of the best happy hours in town at a venue that's as impressive as its wine list.
  • CakeBoss Anybody watch Cake Boss? We shot their bakery in Hoboken, NJ in 2012 and the reviews have been amazing.
  • Crosby An amazing venue in Rancho Santa Fe... if you can get on for a round of golf... do it! It's a great wedding venue with breathtaking views as well.
  • Grinder Grinder Gym is Dave DePew's gym... bootcamps, crossfit and kettle bell programs are intense!
  • RJGrill Randy Jones All American Sports Grill in Hazard... great bar food and and screens everywhere!