2/11/2005 12:00:00 AM - Dan May's MarketWatch Newsletter for Feb 11, 2005

EYE ON INTEREST RATES click here to see a leading website with todays interest rates and lots more.

California Association Of Realtors Expects Continued Price Appreciation
According to the California Association of REALTORS® (C.A.R.) "2004 – 2005 State of the Housing Market" report, home sales and the median home price reached record high levels in 2004, while supply conditions and the share of first-time buyers in the California housing market fell to historic lows, showing a trend toward more of the same for 2005. Full Story ->>

Study Finds Least And Most Affordable Housing Markets
If housing prices are causing sticker shock where you live, maybe it's time to take a look at Lima, Ohio. According to a study released by the National Association of Home Builders/Wells Fargo Housing Opportunity Index, Lima, population approximately 250,000, ranked as the nation's most affordable housing market for the third quarter of 2004. Full Story ->> 

Buyer Tips my new and improved web site it packed with useful tips and information.  I welcome all the "soon-to-be-homeowners" to take full advantage of this area.

***** "Investors Corner"*****
3 "Deals" To Consider
1. Whitley Terrace, LA 90068  asking $745,000 for this
    4 bed 2 ba, 1,975 sq. ft. former residence of a Silent Screen
    actress.  This historic Mediterranean style home built
     in 1921. Fixer.  Homes in the area sell for $1M or more.
 
2. Mar Vista Triplex LA 90066 asking $895,000 3 bed 2.5 bath
    home with rear duplex consisting of a 2+1 and a 1+1. The 1+1
    is rented $600, the 2+1 vacant.  Live in 1 and rent the others.
      
3. 16 Units in Phoenix, AZ asking $849,900  built in 1986, all
    units are 2+1.  Average rents 5-10% under market. 
    Seller to provide credits for repairs. GRM 8.05
           
Want to learn more?  Call Dan at (310)739-8647
 
 
See below for the (3) real estate related 
"links of the month"
 

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Keller Williams Santa Monica
2701 Ocean Park Blvd. Suite #140 • Santa Monica, CA 90405
Direct: (310)482-2110 • Cell: (310)739-8647
Fax: (310)626-8734
E-mail: dan@danmayrealestate.com


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