Tudor addresses residential real estate issues

FALLBROOK — Jim Tudor, co-owner of Coldwell Banker Landmark Group, dissected the current residential real estate market for the Rotary Club of Fallbrook at a recent luncheon.

Responding first to rhetorical questions such as “How long will this last?” and “Have we hit bottom yet?” Tudor then had some fun with a fill-in-the-blanks word scramble that set forth how the present economic situation came about, and followed with a “Who’s to Blame Test.”

Following a verbal stroll with buyers who bought on “Easy Street” (free-and-clear), “Tarp Lane” (no-money-down) and “Prime Avenue” (normal 80-percent loans), he then revealed the present market position of each.

In an effort to maintain an upbeat posture through it all, Tudor closed by pointing out that it is now possible for someone to buy a home at a price they can afford and payments they can handle, which are about half what they were per month in 2005.

The members thanked Tudor for making lemonade out of lemons.

Jim Tudor can be reached for comment or questions at (760) 728-8000 and Coldwell Banker Landmark at http://www.cblandmark.com.