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Newport Coast is a luxury residential community - part of Newport Beach and south Orange County - where many owners and residents have large homes and Pacific ocean views. Newport Coast CA property sellers can expect some of the same local real estate trends next year 2012. 194 Newport Coast homes sold this year during 2011 - with average sold price of $2,147,622. 146 of those homes sold were single family residences, and others were condo homes. Average time on market for sold homes this year was 122 days. Average sold price this year during 2011 at Newport Coast homes (4 comments)
Home Mortgage Rates Continue at Record Lows - 12/29/11 01:12 PM
Mortgage rates reached new all-time lows last week and moved home buyer affordability even higher. Rates on 30-year fixed mortgages have been at or below 4 percent for the last eight weeks and now are almost 0.9 percentage points below where they were at the beginning of the year. So home buyers are now paying over $1,200 less per year on a $200,000 loan. Mortgage rates for week ending December 22, 2011: 30 year fixed rates averaged 3.91 percent, with an average 0.7 point, which beat prior week’s 3.94 percent record. A year ago at this time, 30-year fixed rates (1 comments)
With strong rents being paid and moderated home selling prices, buyers and investors are expected to like Orange County CA home and value opportunities for 2012. During 2011 (so far as of December 28, 2011) - 25,790 Orange County homes have been resold (according to records of the CRMLS) - average sold price of $524,062. Number of homes sold this year is down 5.6 percent from last year 2010 Number sold down 37.2 percent from peak year 2005 Sold price average for 2011 is down 31.7% from peak year during 2007 During 2010 - 27,348 Orange County homes were resold (0 comments)
U.S. Estate Tax Exemption Improves and Goes Up January 1, 2012 - 12/28/11 12:26 PM
Estate planning for rich people and waiting to die until after January 1, 2012, might help the heirs. As of January 1, the federal estate tax exemption will be indexed for the first time and go up. For 2012, that exemption is up to $5.12 million of an estate (up from $5 million in 2011), so that part of estate would be exempt from the current 35% federal estate tax. An individual could leave $120,000 more federal-estate-tax-free if he dies on or after January 1, 2012. Some states levy their own additional inheritance taxes, and it's good that California is not one of those. (0 comments)
Home for lease - $3,500 per month 31942 SUNSET Avenue - Laguna Beach, CA 92651 - 2 bedroom and 2 baths Click here to see active link to all LAGUNA BEACH CA single family homes now listed for lease. __________________________________________ Some of this information is from CRMLS, does not include that for new homes, is for lease of homes listed and those for sale and sold by all agents and brokers. HARRISON K. LONG – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (0 comments)
Newport Beach CA Housing Market Update - December 2011 - 12/20/11 01:04 AM
Newport Beach CA is a luxury ocean, beach, harbor, and back bay oriented residential and thriving commercial city. Newport had 43 homes resold this year during November 2011 - average sold price of $1,450,658. Newport had 51 homes resold last year during November 2010 - with average sold price of $1,171,427. So the number of Newport Beach at Orange County CA homes resold this year during November was down from last year while the average sold price was up. Newport Beach has 436 homes now for sale - with average asking price at $2,492,225. See Bayshores homes at Newport Beach now (6 comments)
Turtle Rock Homes at Irvine CA Real Estate - December Update - 12/17/11 06:17 PM
Turtle Rock is one of the most popular areas for homes and property buying at Irvine CA. Turtle Rock village is one of the most sought after areas for homes at Irvine and has property opportunities. Click here to see active link to single family detached Turtle Rock area homes now listed. Crest custom home at Turtle Rock with views - $2,189,000 - 5 bedrooms and 5 baths - MLS# S673451 - IDX link 36 detached Turtle Rock are homes at Irvine have sold so far this year 2011 - with (6 comments)
Is Your Rental Home in Foreclosure? - 12/17/11 01:38 PM
There are 11,651 homes and properties now in some stage of foreclosure at Orange County, CA. Is your rental property in foreclosure? More “accidental” landlords are surfacing as home owners turn their underwater homes into rentals to try to come up with some extra cash. But some of these accidental landlords are still unable to keep up with their mortgage payments and may become delinquent on their mortgage. So what’s this mean for the person renting their property? Some renters may suddenly be served with an eviction notice when they discover the property they are renting is being foreclosed upon, (2 comments)
Newport's annual Christmas Boat Parade is scheduled to start on December 14 this year. Newport Beach is famous for its emerald green and blue Pacific ocean waters, surfing and sand, sunsets, beaches and harbor, kayaking, sailing, fishing from the piers, beach volleyball, great restaurants, people watching and fun. During December Newport Beach residents and business owners are decorating their homes, businesses and boata. Newport Beach will celebrate the 103rd Annual Christmas Boat Parade, December 14 to 18 - themed “Feelin’ Christmas-sea,”
This event is presented by the Commodores Club of the Newport Beach Chamber of Commerce. For more than 100 (8 comments)
Some California homeowner associations have been changing governing documents to stop condo owners from renting out their units. New California law (CA Senate bill 150) protects an owners right to rent out their units in common interest developments starting on January 1, 2012. An owner in a California common interest development is exempt from any prohibition in a governing document against renting or leasing the unit, unless that prohibition was in effect before the owner acquired title the unit. In other words - a condo association in California cannot change its private law and stop an owner of a unit from (6 comments)
Mortgage brokers are usually paid their commission and fees at closing. Such mortgage broker commission and fees are based upon their being able to find the buyer a loan, process the loan application, serve as liaison between you and the lender, and to safely handle the mortgage from application through the closing. A mortgage broker's commission is generally called an "origination fee." Mortgage broker processing staff and other expenses are also paid at closing and can have various labels, such as processing fee, document fee, recording fee and others. Legitimate fees charged by mortgage brokers to cover (0 comments)
About 10 million extra people could be moving into rentals over the next five years - which is on top of 40 million Americans already renting. According to census data from the second quarter of 2011, home ownership in the United States has already dropped by more than a million households in one year alone. Echo boomers [those born from roughly 1978 through 1994] are more numerous than the baby busters [born from roughly 1965 through 1977]. There are now more U.S. residents aged 15 to 29 than 30 to 44. So five years from now, the U.S. will probably (2 comments)
Single Level Homes Selling at Irvine CA Real Estate - 12/08/11 03:07 AM
As a possible sign of the times and home buyer demand, single level detached homes have continued to sell well at Irvine CA real estate. 161 Irvine CA single level homes have sold so far this year (as of 12/6/2011) - with average sold price of $701,730 - average time on market for these homes at 71 days.
8.5 percent of all 1,876 Irvine homes sold so far this year (average Irvine sold price of $640,936) have been single level detached. 162 Irvine single level homes sold during the same time during 2010 - with average sold price (0 comments)
Irvine Terrace homes at Corona del Mar CA real estate have been popular with buyers, especially so during the past ten years when many properties were improved with partial and complete renovations. Irvine Terrace has amazing Newport Harbor and Pacific Ocean views. $2,249,000 - Harbor and ocean view home - 4 bedrooms and 4 baths MLS# U11002143 - IDX link Click here to see active and updated link to all IRVINE TERRACE homes at CORONA DEL MAR listed for sale.
20 Irvine Terrace homes have sold so far this year 2011 - with average sold price of $2,481,225 - average interior (4 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.