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Commercial Day 2015 - SRAR · 2014-12-29 · Commercial Day 2015 “Do the Math” Wednesday...
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It Was a Very Special Christmas It took work and dedication to pull it off, no doubt, but the reward of watching the faces of the kids at Castaic Elementary School made it pure fun. Imagine 74 kindergarten to fifth grade students competing to tell friends the gifts they got from Santa Claus were the coolest of the bunch. e star- bright twinkle in each pair of eyes was proof the spirit of the Christmas still lives. e holiday party was held at the Castaic Sports Complex before Christ- mas, a celebration made possible by the efforts of hundreds local real estate professionals. e Santa Clarita Valley Division of the Southland Regional Association of Realtors convinced Santa to swoop in on a bright red fire truck, courtesy of the Los Angeles County Fire Department. In addition to lunch and bags of personalized gifts, each student went home with a $25 gift card to Ralphs. “All this joy would not have been possible without the tireless effort of dozens of Real- tors, real estate professionals, and staff,” said Nancy Starczyk, president of the division. “All that laughter, all those smiles, were reward enough for the hard work.” Boomers Still Wield Power In Housing Market By Roger Hance, President, and David Walker Southland Regional Association of Realtors® When it comes to housing, or most anything, the generation of Americans born between 1946 and 1964 sets trends, makes or breaks businesses and drives markets. And “Baby Boom- ers” still love owning a home. That point was reconfirmed in a recent survey of boomers conducted by the California Association of Realtors. “Baby boomers are in their peak earning years and will continue to wield great influ- ence on the hous- ing market,” said Chris Kutzkey, C.A.R. president. “Even those who went through financial difficulties during the economic crisis recognize the benefits of homeowner- ADVERTISING SUPPLEMENT Realtor ® Roger Hance 2014 SRAR President REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics. THE VOICE FOR REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS www.SRAR.com | Real Estate Questions? E-mail Roger Hance, SRAR 2014 President, c/o [email protected] Essential Tools for Commercial Specialists Carmela Ma, an acclaimed commercial real estate expert and senior trainer, will be the keynote speaker at the fifth annual Commercial Day to be held on Wednesday, Jan. 21, at the Odyssey Restaurant in Granada Hills. e event is presented by the Commercial and Investment Divi- sion of the Southland Regional Association of Realtors. Ma will focus on the various indicator formulas used by commercial professionals in establish- ing value. Other experts to be featured at the event include: investor Paul Ling; Chuck Weinhardt, Union Bank; Edward Padilla, Opus Bank; and Rick Lam, First Citizens Bank. Dennis Dishaw will moderate the discussion. First Citzens Bank is the event sponsor. Ma is a successful international Realtor, founder of the Los Angeles chapter of CCIM, and a senior trainer for all CCIM courses nationwide. Go online to www. CommercialDataExchange.com for a registration form. SRAR or CCIM members pay $20; guests are $25. Bob Khalsa, chairman of the Commercial and Investment Division, urged professionals to register early as the event typically is standing-room only. “Do the Math” Wednesday January 21, 2015 7:45 a.m. - 12:15 p.m. Odyssey Restaurant - 15600 Odyssey Dr. Granada Hills, CA 91344 What Separates Commercial from Single Family Real Estate ? Pictured, left to right, at the Castiac Sports Compex are M. Dean Vin- cent, Betty Ann Alvarez Wright, Becky Alvarado, Nancy Starczyk, Nicole Stinson, Bob Khalsa and Debbie George Hawkins. Baby Boomer Survey Findings Include: • Nearly all homeowners, 92 percent, have equity in their home, but 77 percent said they don’t plan to use the home equity for income during retirement. • More than half of homeowner boomers, 59 percent, do not plan to sell their home when they retire, with 78 percent of them indicating they won’t sell because they like their current home. • Out of the 10 percent of current homeowners who plan on selling their home when they retire, 47 per- cent plan to downsize to a smaller home, and 44 percent plan to move out of California. • Despite the recent economic re- cession, only one in four baby boom- ers had to postpone retirement. On average, they plan to retire in nine years, with 67 percent saying they plan to retire within 10 years. • Three in 10 baby boomers live with their children, with 2 percent saying they moved in with their chil- dren; 8 percent of them saying their children moved back in with them; and 21 percent saying their children never moved out. The majority of those living with their children live with adult children mainly due to their children’s financial troubles. Baby boomers pay for a majority of living expenses, with their children only contributing a median of $325 monthly for living expenses. Santa Clarita Home Sales up 16% Home sales during November in the Santa Clarita Valley came in stronger than expected, with sales of single-family homes up 15.8 percent over a year ago and 3.7 percent ahead of this October, the Southland Regional Association of Realtors reported recently. A total of 198 homes changed owners during November with the year likely to end on an equally positive note. “The high point for home sales in this recovery came with the 247 sales of December 2011,” said Nancy Starczyk, president of the Association’s Santa Clarita Division. “Plus, the last several Decembers have seen unusually robust activity.” The median price of homes sold came in at $484,100, up 8.8 percent over a year ago November. That was just short of the $490,000 median reported in August and September, which was the highest median to date in this recover. There were 565 active listings at the end of November. That was up 6.4 percent over November 2013 and represented a 2.2-month supply at the current pace of sales. The desired inventory would be a 6-month supply. Nearly 90 percent of all residential sales during November were standard, traditional sales. Only 6.6 percent of the total were short sales and foreclosure-related sales came in at 3.5 percent. ship and would rather buy another home than rent. For example, while nearly half—46 per- cent— of baby boomer renters who previ- ously owned a home sold it primarily due to financial reasons, the vast majority still have a strong desired to purchase a home. The survey found that 63 percent of boomer renters would be motivated to buy a home if they saw an improvement in their finances, affordable home prices or other reasons. Moreover, 22 percent said they expect to buy a home in the next five years. Boomer renters who previously owned a home are also in a better financial position to purchase a home, having a higher average annual household income, $78,570, than those boomers who never owned a home, $39,825. Forty-five percent of boomer renters have previously owned a home and are more likely to buy again than those who have not owned before by about a two-to- one margin, 31 percent versus 17 percent. Those are just some of the reasons why baby boomers, the wealthiest generation and the first to drive the housing market, will continue to be a pillar of the housing market. The Southland Regional Association of Realtors® is a local trade association with more than 8,900 members serving the San Fernando and Santa Clarita valleys.
Transcript of Commercial Day 2015 - SRAR · 2014-12-29 · Commercial Day 2015 “Do the Math” Wednesday...
It Was a Very Special ChristmasIt took work and dedication to pull it off, no doubt, but the reward of watching the faces of the kids at Castaic Elementary School made it pure fun.Imagine 74 kindergarten to fifth grade students competing to tell friends the gifts they got from Santa Claus were the coolest of the bunch.
The star-bright twinkle in each pair of eyes was proof the spirit of the Christmas still lives.
The holiday party was held at the Castaic Sports Complex before Christ-mas, a celebration made possible by the efforts of hundreds local real estate professionals.
The Santa Clarita Valley Division of the Southland Regional Association of Realtors convinced Santa to swoop in on a bright red fire truck, courtesy of the Los Angeles County Fire Department. In addition to lunch and bags of personalized gifts, each student went home with a $25 gift card to Ralphs.
“All this joy would not have been possible without the tireless effort of dozens of Real-tors, real estate professionals, and staff,” said Nancy Starczyk, president of the division. “All that laughter, all those smiles, were reward enough for the hard work.”
Boomers Still Wield Power In Housing Market
By Roger Hance, President, and David WalkerSouthland Regional Association of Realtors®
When it comes to housing, or most anything, the generation of Americans born between 1946 and 1964 sets trends, makes or breaks businesses and drives markets. And “Baby Boom-ers” still love owning a home.
That point was reconfirmed in a recent survey of boomers conducted by the California Association of Realtors.
“Baby boomers are in their peak earning years and will continue to wield great influ-ence on the hous-
ing market,” said Chris Kutzkey, C.A.R. president. “Even those who went through financial difficulties during the economic crisis recognize the benefits of homeowner-
ADVERTISING SUPPLEMENT
Realtor® Roger Hance2014 SRAR President
REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.
THe VoICe FoR Real eSTaTe In THe San FeRnando and SanTa ClaRITa ValleySwww.SRaR.com | Real Estate Questions? E-mail Roger Hance, SRAR 2014 President, c/o [email protected]
Essential Tools for Commercial SpecialistsCarmela Ma, an acclaimed commercial real estate expert and senior trainer, will be the keynote speaker at the fifth annual Commercial Day to be held on Wednesday, Jan. 21, at the Odyssey Restaurant in Granada Hills. The event is presented by the Commercial and Investment Divi-sion of the Southland Regional Association of Realtors. Ma will focus on the various indicator formulas used by commercial professionals in establish-ing value. Other experts to be featured at the event include: investor Paul Ling; Chuck
Weinhardt, Union Bank; Edward Padilla, Opus Bank; and Rick Lam, First Citizens Bank. Dennis Dishaw will moderate the discussion. First Citzens Bank is the event sponsor. Ma is a successful international Realtor, founder of the Los Angeles chapter of CCIM, and a senior trainer for all CCIM courses nationwide. Go online to www.CommercialDataExchange.com for a registration form. SRAR or CCIM members pay $20; guests are $25. Bob Khalsa, chairman of the Commercial and Investment Division, urged professionals to register early as the event typically is standing-room only.
Commercial Day 2015
“Do the Math”Wednesday January 21, 2015
7:45 a.m. - 12:15 p.m.Odyssey Restaurant - 15600 Odyssey Dr. Granada Hills, CA 91344
What Separates Commercial from Single Family Real Estate ?
Chuck WeinhardtUnion BankApartment Loan Math
Edward PadillaOpus BankCommercial Loan Math
Rick LamFirst Citizens BankOwner User Loan Math
Dennis DishawSRAR Commercial DivisionModerator
Event Sponsored By First Citizens Bank
For More Information Visit:
commercialdataexchange.com
Carmela Ma, CCIM, CIPS,FRICS, TRCInternationally Renowned AgentCCIM Senior Faculty Member
Paul Ling, Investor25 Years Experience in InvestingExtensive Property Portfolio
Commercial Day 2015
“Do the Math”Wednesday January 21, 2015
7:45 a.m. - 12:15 p.m.Odyssey Restaurant - 15600 Odyssey Dr. Granada Hills, CA 91344
What Separates Commercial from Single Family Real Estate ?
Chuck WeinhardtUnion BankApartment Loan Math
Edward PadillaOpus BankCommercial Loan Math
Rick LamFirst Citizens BankOwner User Loan Math
Dennis DishawSRAR Commercial DivisionModerator
Event Sponsored By First Citizens Bank
For More Information Visit:
commercialdataexchange.com
Carmela Ma, CCIM, CIPS,FRICS, TRCInternationally Renowned AgentCCIM Senior Faculty Member
Paul Ling, Investor25 Years Experience in InvestingExtensive Property Portfolio
Pictured, left to right, at the Castiac Sports Compex are M. Dean Vin-cent, Betty Ann Alvarez Wright, Becky Alvarado, Nancy Starczyk, Nicole Stinson, Bob Khalsa and Debbie George Hawkins.
Baby Boomer Survey Findings Include:• Nearly all homeowners, 92 percent, have equity in their home, but 77 percent said they don’t plan to use the home equity for income during retirement.• More than half of homeowner boomers, 59 percent, do not plan to sell their home when they retire, with 78 percent of them indicating they won’t sell because they like their current home.• Out of the 10 percent of current homeowners who plan on selling their home when they retire, 47 per-cent plan to downsize to a smaller home, and 44 percent plan to move out of California.• Despite the recent economic re-cession, only one in four baby boom-ers had to postpone retirement. On average, they plan to retire in nine years, with 67 percent saying they plan to retire within 10 years.• Three in 10 baby boomers live with their children, with 2 percent saying they moved in with their chil-dren; 8 percent of them saying their children moved back in with them; and 21 percent saying their children never moved out. The majority of those living with their children live with adult children mainly due to their children’s financial troubles. Baby boomers pay for a majority of living expenses, with their children only contributing a median of $325 monthly for living expenses.
Santa Clarita Home Sales up 16%Home sales during November in the Santa Clarita Valley came in stronger than expected, with sales of single-family homes up 15.8 percent over a year ago and 3.7 percent ahead of this October, the Southland Regional Association of Realtors reported recently.A total of 198 homes changed owners during November with the year likely to end on an equally positive note.
“The high point for home sales in this recovery came with the 247 sales of December 2011,” said Nancy Starczyk, president of the Association’s Santa Clarita Division. “Plus, the last several Decembers have seen unusually robust activity.”
The median price of homes sold came in at $484,100, up 8.8 percent over a year ago November. That was just short of the $490,000 median reported in August and September, which was the highest median to date in this recover.
There were 565 active listings at the end of November. That was up 6.4 percent over November 2013 and represented a 2.2-month supply at the current pace of sales. The desired inventory would be a 6-month supply. Nearly 90 percent of all residential sales during November were standard, traditional sales. Only 6.6 percent of the total were short sales and foreclosure-related sales came in at 3.5 percent.
ship and would rather buy another home than rent.
For example, while nearly half—46 per-cent— of baby boomer renters who previ-ously owned a home sold it primarily due to financial reasons, the vast majority still have a strong desired to purchase a home.
The survey found that 63 percent of boomer renters would be motivated to buy a home if they saw an improvement in their finances, affordable home prices or other reasons. Moreover, 22 percent said they expect to buy a home in the next five years.
Boomer renters who previously owned a home are also in a better financial position to purchase a home, having a higher average annual household income, $78,570, than those boomers who never owned a home, $39,825.
Forty-five percent of boomer renters have previously owned a home and are
more likely to buy again than those who have not owned before by about a two-to-one margin, 31 percent versus 17 percent.
Those are just some of the reasons why baby boomers, the wealthiest generation and the first to drive the housing market, will continue to be a pillar of the housing market. The Southland Regional Association of Realtors® is a local trade association with more than 8,900 members serving the San Fernando and Santa Clarita valleys.
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