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Are you looking for an experienced agent to help you buy or sell a home? Contact Jim the Realtor!

Jim Klinge
Cell/Text: (858) 997-3801
klingerealty@gmail.com
701 Palomar Airport Road, Suite 300
Carlsbad, CA 92011


Most recent articles

Inventory Watch

Another strong week of new listings (115) but the new pendings (63) didn’t follow along – instead they dropped 20% from the previous week.  As we roll into the Memorial Day weekend, graduation season, and 5% mortgage rates, we might be seeing the peak of the market for 2018.

The higher-end market has been sluggish all along, and now the lower-end inventory is starting to show a bit of a plateau over the last couple of months:

Week
# of Actives Under-$1M
Avg. LP/SF
# of Actives $1M-$1.5M
Avg. LP/SF
Mar 26
61
$477/sf
133
$484/sf
May 21
81
$474/sf
184
$475/sf

Don’t worry sellers – price will fix everything!

Read More

Posted by on May 21, 2018 in Inventory, Jim's Take on the Market, North County Coastal | 0 comments

Leucadia Rebuilt w/ Big Ocean View

Richard’s new listing hits the open market on Thursday, and it is stunning.  Re-designed and rebuilt from the ground up over the last eleven months (with permits), virtually everything is brand new.  A ten-year warranty too!

Four bedrooms, three-and-a-half baths, and 2,421sf with commanding ocean views from both levels. New roof, HVAC, decks, siding, flooring, and kitchen! $1,575,000 – open house 11-2 on Saturday, May 19th.

Klinge Realty CA DRE #01388871 Richard Morgan (619) 200-3844.

Posted by on May 16, 2018 in Bubbleinfo TV, Jim's Take on the Market, Klinge Realty, Leucadia, Richard Morgan, Thinking of Buying?, View | 0 comments

Lynryd Skynyrd – Freebird

They say this is it – the last time around!

Lynyrd Skynyrd: Last of the Street Survivors Farewell Tour is coming to the Mattress Firm Amphitheatre on Saturday night, May 19th. Back in the day when we communicated by CB radios, my handle was ‘Freebird’. I’ve seen them play a couple of times, and they are exactly what you’d expect – hard-drivin’ southern rock, and a lot of fun.

My brother Dave is their biggest fan, and he’s going to the show next Friday after winning tickets.  The local Bay Area radio station had Gary Rossington in studio, and had him tell a story about writing one of their songs – and the first caller who could name the song would get tickets.

Gary began the story with, “Ronnie and I walked into a bar…..” and boom, Dave is calling in with Gimme Three Steps!

This might be the best music video ever:


https://en.wikipedia.org/wiki/Lynyrd_Skynyrd

Posted by on May 16, 2018 in Jim's Take on the Market, Wednesday Rock Blogging | 3 comments

One-Third of Boomers Don’t Have $25K

Will the day come when boomers need to sell their house to survive?  The reverse mortgages have offered a solution for some, but they are expensive and loan limits have been cut back recently.  The general real estate market may not feel the impact of boomers running out of money, but you could see flare-ups of more inventory in older areas.

Link to Article

The grim outlook for many Americans approaching retirement age has some new stark statistics: One-third of respondents in a recent survey said they’d saved less than $5,000 for retirement.

Among baby boomers, one third said they had $25,000 or less in retirement cash available, according to a new data release from life insurance provider Northwestern Mutual.

Looking at the wider pool of Americans in general, 21% reported that they had zero retirement savings, while exactly three quarters agreed that Social Security is unlikely to exist in its current form when they eventually retire. And just about half said they’d done nothing at all to prepare for a future in which they outlived their retirement savings — despite the fact that two-thirds said that scenario was at least somewhat likely.

“As financial implications of retirement become increasingly complex, inertia just isn’t an option,” Northwestern Mutual vice president of planning Rebekah Barsch said in a statement announcing the results. “The good news is that it’s rarely too late to start.”

The survey also revealed that many Americans have resigned themselves to the idea of working longer before retiring, a strategy that’s increasingly preached even by financial planners. Nearly 40% of respondents in the Northwestern Mutual poll said they would work until at least age 70, more than the 33% who said they were targeting a retirement date sometime between 65 and 69.

In addition, the desire for more disposable income slightly outweighed professional satisfaction when respondents were asked why they planned to work past 65. That’s a shift from 2015, when the same study determined that 66% of Americans simply wanted to continue working for the fulfillment of it — as opposed to 60% who cited income as a concern.

“Continuing to work later in life should be a personal choice and not a mandatory requirement for survival,” Barsch said. “Proactive financial planning can be the difference between a desired and a default retirement lifestyle.”

Posted by on May 16, 2018 in Boomer Liquidations, Boomers, Jim's Take on the Market | 2 comments