Jim Lackey's Blog

As the old saying goes, yesterday I couldn't even spell "blog," today I are one! Well, this is my first post, which I hope you will find informative and useful for your business and decision-making. The real estate market, at least locally, appears to have "stabilized," after many months of extensive upward pressure on prices. While mortgage rates remain favorable, at or near all-time lows, pressure to increase interest rates is anticipated for various reasons, most of which are beyond my pay grade to explain or understand..."quantitative easing," sounds like something for sale at a massage parlor in New Orleans! Demand for housing, particularly new construction, remains high, especially along coastal communities...Coronado, La Jolla, Del Mar, Solana Beach, Encinitas, Cardiff, Leucadia, Carlsbad and Oceanside, and that's just here in San Diego! It is no accident that our business focuses on providing capital for this market segment: new residential construction. In just the past few months, we have arranged construction financing for the following spec projects: four homes in Imperial Beach, 11 homes in Pacific Beach, four homes in Point Loma, two homes in Carlsbad, six homes in La Mesa, and four residential lots in Rancho Santa Fe. The backlog for projects is quite extensive, with several dozen additional housing units planned.

If I can be of help to ANY real estate professional...agent, broker, banker, architect, contractor, mortgage broker, or client, please do not hesitate to contact me.

Best regards,

Jim