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San Clemente Realtor Area Market Report - 11/28/2010 - 11/28/10 06:24 PM
San Clemente Realtor Area Market Report - 11/28/2010 This weeks market report for San Clemente and surrounding areas from a San Clemente Realtor shows that Orange County Median Prices for the resale homes were up 0.9 percent, for new homes it is up 6.3 percent and for resale condos down 5.7 percent. The sales volume is down for resale homes 21.8 percent and down 15.6 percent on condos and up 21.8 percent for new homes. Mission Viejo Zip Code 92691 sales prices are down 7.9 percent and the sales volume is down 16.7 percent. Mission Viejo Zip Code 92692 sales prices are down 1.1 percent and the sales volume is down 19.4 percent. Aliso Viejo sales prices are down 11.5 percent and the sales volume is down 28.4 percent. Laguna Niguel sales prices are up 2.4 percent and the (1 comments)
Buy Down the Interest Rate, Don't Lower the Sales Price - 11/21/10 05:59 PM
Don't Lower the Sales Price, Buy Down the Interest Rate Instead of lowering the sale price of a home, the seller can offer to pay for a buydown of the interest rate for the borrower on a temporary basis over the first several years of the loan. A temporary buydown allows a lower interest rate on a mortgage for a fixed period of time at the beginning of the mortgage term. Temporary buydowns are not a type of mortgage, but rather a temporary interest rate reduction option that can be used with most types of mortgages. Buydowns allow for a reduced (8 comments)
Coastal Laguna Beach Estates Are Lower in Price - 11/21/10 05:55 PM
Coastal Laguna Beach Estates Are Lower in Price Now is a great time for buyers to shop for a great deal along the Laguna Beach coast for that coastal estate because of the lower price offer. According to The Orange County Register the homes on the sand in Laguna Beach are a little bit cheaper today. Some experts claim that now is a great time (holiday time) to swoop in and purchase a home in Laguna for a lesser price. A home in South Laguna on Coast Hwy has dropped its price has dropped its price by $1,000,000 dollars. It is a (0 comments)
Have Interest Rates Moved up? - 11/21/10 05:51 PM
Have Interest Rates Moved Up? The Federal Reserve Board made the announcement a couple of weeks ago they were going to continue buying U.S. Treasuries after ceasing the program in March of this year. They had already purchased in excess of $2 Trillion worth of government debt and have decided to buy an additional $600 Billion. The term given to this is Quantitative Easing. The more direct way the Federal Reserve Board helps the economy is buy lowering the Federal Funds Rate but it currently stands at .25% not leaving an additional room to lower rates. Last Friday the Feds (0 comments)
Why Is There a Drop In Inventory This Holiday Season - 11/21/10 05:47 PM
I know that seasonally we see a drop in inventory, but why is there a drop in inventory during this Holiday season. The period of just before Thanksgiving and on tell after New Year is the most sever. In Orange County California we are seeing a 2 percent drop in the last two weeks. That drop equates to about 274 homes. However, we are seeing a weakening of the market, because sellers have either given up or do not want to try to sell their homes in this climate. Inventories have dropped Since September by 741 homes or 6 percent. Last year the (1 comments)
San Clemente Realtor Area Market Report - 11/21/2010 - 11/21/10 05:36 PM
San Clemente Realtor Area Market Report - 11/21/2010 This weeks market report for San Clemente and surrounding areas from San Clemente Realtor shows that Orange County Median Prices for the resale homes were up 2.2 percent, for new homes it is down 1.1 percent and for resale condos down 11.7 percent. The sales volume is down for resale homes 20.6 percent and down 19.3 percent on condos and up 21.7 percent for new homes. Mission Viejo Zip Code 92691 sales prices are down 5.6 percent and the sales volume is down 19.6 percent. Mission Viejo Zip Code 92692 sales prices are up 5.3 percent and the sales volume is down 26.6 percent. Aliso Viejo sales prices are down 6.2 percent and the sales volume is down 31.6 percent. Laguna Niguel sales prices are up 8.4 percent and the (0 comments)
The Big Banks Are In Trouble Lead By B of A - 11/08/10 01:54 AM
The major banks are in trouble lead by B of A. B of A warns lawsuits could cost enough to lead to losses. US banks are saying they could face costs that from the litigation over mortgage loans that would cause the banks to suffer losses. The lawsuits are being broughtby investors. The foreclosure crisis has heated up and B of A, JPMorgan Chase and company and GMAC Mortgage halted foreclosures after evidence emerged of paper work irregularities. Many but not all of the mortgages are from sub-prime mortgages that were isssued prior to the mortgage crisis. Many of the large investors (6 comments)
What is Going to Happen Now - 11/07/10 06:58 PM
Interest rates are held down and the new Republicans in Congress are going to tow the line on spending. That can lead to new confidence in our small businesses and they may start to hire. As that begins to acure consumer confidence will begin to rise. Individuals will feel better about their employment and if that is the case they will note the low prices and the low interest rates. They will then be free to go forward and purchase a home. If you think that is nuts and you are here in California and you see a mass exodus out of (2 comments)
San Clemente Realtor Area Market Report - 11/7/2010 - 11/07/10 06:54 PM
San Clemente Realtor Area Market Report - 11/7/2010 Mision Viejo This weeks market report for San Clemente and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were up 0.8 percent, for new homes it is up 17.3 percent and for resale condos down 5.2 percent. The sales volume is down for resale homes 16.7 percent and down 16.2 percent on condos and up 13.9 percent for new homes. Mission Viejo Zip Code 92691 sales prices are down 6.3 percent and the sales volume is down 32.8 percent. Mission Viejo Zip Code 92692 sales prices are up 7.2 percent and the sales volume is down 15.9 percent. Aliso Viejo sales prices are up .03 percent and the sales volume is down 20.9 percent. Laguna Niguel sales prices are down 10.5 percent and the sales (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.