Real Estate Blog 
Prices holding steady, inventory increasing. Orange County Real Estate
Monday, August 23rd, 2010 at 12:26pm. 10 Views, 0 Comments.
The prices for the July Orange County Real Estate market held or increased slightly, but indications of inventory increases may change that in the near future. Interest rates are at all time historic lows that should be inviting buyers into the market place. The end of summer selling season is upon us and we are seeing the inventory increase to this as one factor
Summer is here with a VENGEANCE ! Orange County to bake.
Monday, August 23rd, 2010 at 12:19pm. 10 Views, 0 Comments.
After a slow start in temperatures for our summer season the next week or so looks to be getting back at us for those lost days.The temps in the inland Orange County areas will be hitting close to or above the 100 degree mark for the next few days. The coast will also kick up into the 80's or so and it will definitely feel like summer. Remember to drink lots of water and please take precautions for friends and neighbors that are elderly or may have medical conditions that the heat can exaborate. And please do not forget about those pets, fresh water and shade or even indoors in the midst of the aftrnoon.
President Homes in Fullerton, CA
Sunday, August 8th, 2010 at 1:59pm. 37 Views, 0 Comments.
President Homes in Fullerton
The President Homes in Fullerton are quality-built homes with well-designed floorplans. The neighborhood is quiet and private. These homes are within the Beechwood Elementary / Jr. High School boundaries. The President Homes is a quiet community close to shopping, golf courses, hospitals, and highways.
President Homes for sale in Fullerton.
Orange County Foreclosures
Friday, July 23rd, 2010 at 4:08pm. 44 Views, 0 Comments.
WHAT IS HAPPENING WITH ORANGE COUNTY FORECLOSURES?
The market is stabilizing and the current activity is reflective of that. Interest rates are again at historic lows, thanks in part to Europe’s troubles, but who knows how long they will stay that way. If you are in the market for a refinance, you should be thinking about it right now.
Investor’s have made it clear, that they are fairly comfortable buying property right now and housing demand should only increase as households grow and pent up demand continues. There were 1,347 Notices of Default recorded in May, and that was down 17% from April. Foreclosure held at 730 and that as down by 8.4% from April.
It should be noted that Notices of Default are down 48% from May ’09. That is very significant…
Orange County Housing Update
Friday, July 23rd, 2010 at 4:04pm. 48 Views, 0 Comments.
Orange County Housing Market Update
The following numbers are for closed transactions only for the month of May, the latest full month available. Expect these numbers to be big, but not as big as the June numbers will be as homebuyers scrambled to close their transactions before the tax credit expired. (It has been extended for closings ONLY, not new contracts, until September.) The total number of sales was 3,257. This was up 22% from the previous month of April and up 22.1% from May ’09.
There were 2,015 single-family resale, 942 condominiums and 300 new homes. There was a 240% increase in new homes from the previous month due largely to buyer incentives offered by the builders.
The median price for all properties was $450,000, and for a single-family…
California warns about short sale scams.
Friday, July 23rd, 2010 at 3:59pm. 47 Views, 0 Comments.
CALIFORNIA WARNS ABOUT SHORT SALE SCAMS
Attorney General Jerry Brown is warning homeowner’s o be wary of scam artists offering o short cut the system or promising results that are not reflective of a true short sale. His office offers the following tips:
1) With limited xceptions, only licensed real estate agents or attorneys can engage in short-sale negotiations with a homeowner’s lender.
2) Licensed agents eeking up front fees from homeowners for short sales must first submit an advance fee contract to
the Department of Real Estate and receive a no-objection letter.
3) Surcharges and hidden fees just to place an offer on a home are illegal.
4) Misrepresenting the market value of a property to a homeowner’s lender by only submitting offers on the property…
Has the California Housing Market Recovered?
Tuesday, June 29th, 2010 at 1:12pm. 64 Views, 0 Comments.
While a few economists remain pessimistic about the housing recovery, the statistics seem to validate what the optimists are saying, “the recession is over.” Home prices and sales for April (the latest month available) are up. This
is not just in Southern California, but throughout the state.
Home prices held steady with the statewide median price coming in at $255,000, a 5.4% jump from the April 2009 price bottom. A total of 37,481 houses and condominiums sold in April, up 0.5% from March. One of the most
telling signs of recovery is that foreclosures made up only 38.1% of the sales in April, down from 54.6% in April 2009.
We still have our 10th consecutive month of rising sales and that can only be sustained by equity sellers entering the market, since…
LOS ANGELES LAKERS ARE WORLD CHAMPIONS #1
Thursday, June 17th, 2010 at 11:01pm. 100 Views, 0 Comments.
SORRY ALL YOU BOSTON CELTICS FANS FOR STAYING UP AFTER MIDNIGHT TO CRY.
LOS ANGELES LAKERS ARE WORLD CHAMPIONS #1
Yorba Linda Foreclosures
Sunday, June 13th, 2010 at 5:56am. 77 Views, 0 Comments.
This chart shows the number of Notice Of Defaults (NODs) and Notice of Trustee Sales that have been recorded for the last 12 weeks in Yorba Linda Ca. Some of these homes may be currently listed as short sales, which you can find at Yorba Linda Short Sales.
Many of the trustee sales get postponed or cancelled. Reasons for this may vary, such as the homeowner pays the delinquent amount owed, the bank gives the homeowner time to complete a short sale, or the homeowner files for bankruptcy. Some of the homes revert back to the bank if no one bids over the opening bid. Not too many homes have been bought by investors (shown as Sold to 3rd Party)
Of the homes that do make it to the Trustee Sale (foreclosure auction), the bank's opening bid has been much lower…
Median home sale price at 21-month high
Saturday, June 5th, 2010 at 11:15am. 66 Views, 0 Comments.
Orange County's median home-selling price ran at a 21-month high for the 22 business days ended May 18.The latest median selling price is at $440,000.00 (all homes,condos & townhomes) which is up 12.8 percent vs, a year ago.This is 19 percent above the cyclical low hit in January 2009 at $370,000.00, a current bottom that was 43 percent below the peak.Median single family residence home-selling price as of May 18th- $515,000.00Median single family townhome/condominium residence selling price as of May 18th- $295,000.00Median for NEW single family residence home-selling price as of May 18th- $640,000.00
Tony Leocadio