real estate: O.C. Real Estate and Finance Jobs Still Declining - 08/27/09 06:59 PM
The real estate and finance industry in Orange County is seeing little improvement in the job market.
For the month of July local real estate and finance business employed 20,600 less workers than a year ago making it the 20th straight month for annualized drops of 20,000 or more.
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real estate: Fewer Homes To Sell In O.C. - 07/31/09 01:12 AM
The inventory of houses for sale in Orange County continued its five-month decline in June mostly due to the fact that fewer homes were on the market.
The is the lowest inventory level for Orange County since the housing slump began in October of 2005. At the current pace of … (0 comments)
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real estate: A Ray of Hope for the Real Estate Market - 11/13/08 12:49 PM
I have said it before, and I will say it again, real estate always, eventually, appreciates.
History has shown us, particularly in Southern California, that prices will always rebound.
That doesn’t mean that buying a home isn’t a serious decision in uncertain economic times.
But these prices may … (4 comments)
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real estate: California Mortgage Default Filings Drop Amid Procedural Change - 11/13/08 12:31 PM
The number of default notices filed against California homeowners fell last quarter for the first time in 3 years.
But the good news isn’t good. It’s primarily due to changes made at the state level.
But on this note, the Bailout will change the current status quo on foreclosure. … (0 comments)
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real estate: What Were the Actual Numbers - 11/13/08 12:16 PM
California had statewide estimated sales for September (the latest month available) of 40,317 including new and resale houses and condos. That number is up 6.1% from 37,988 in September a year ago.
A number that is staying fairly consistent throughout the state and held true for Southern California is … (0 comments)
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real estate: ‘Opening Doors’ Program & Adam Brett - 11/05/08 12:34 PM
Like any young professional Mike McAdam yearned for his independence, to move out of his parents’ house into a home of his own. He finished college, got a job and planned find a place to rent with the long term goal of homeownership. Recognizing the affordability challenge in Southern California, … (0 comments)
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real estate: O.C.'s foreclosure threat grows - 10/08/08 05:07 PM
Orange County's foreclosure threat grows. Increasingly, people are realizing that the housing market woes are not isolated events, but reflect an endemic fundamental problem in the world economy.
Simple economics teaches that supply and demand must establish an equilibrium in the market. For a long time, unimaginably easy "credit" … (0 comments)
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real estate: Orange County Faces Smallest Supply in 18 Months - 10/08/08 05:04 PM
Altera Real Estate's Steve Thomas has said recently that Orange County was offering the smallest amount of homes available in the area in 18 months. With only 12,940 homes up for sale, the current listing is 27% lower than it was a year ago, and 16% lower than that of … (0 comments)
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real estate: 1287 Antigua Cir - 2 Bedroom in Placentia - 10/08/08 04:51 PM
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real estate: 325 N Harrington Dr - Beautiful 4 Bedroom in Fullerton - 10/08/08 04:49 PM
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real estate: Pet of the Week: VC - 10/06/08 06:41 PM
Name: VC
Cage #: A0913568
Breed: Domestic long hair
Age: 3 yrs
Sex: Female
This week’s featured Pet of the Week for the City of Fullerton is “VC” a three year old, spayed female, black and white, domestic long hair, ID# A0913568. “VC” is a staff favorite … (2 comments)
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real estate: 312 N Hart Pl - Beautiful Home in Fullerton - 09/29/08 08:32 PM
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real estate: 806 Martinique Way - 09/18/08 04:26 PM
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real estate: Mortgage Rates Down After Takeover - 09/15/08 01:34 PM
To prevent even more financial crises in an already delicate economy, the federal government took over Fannie Mae and Freddie Mac, leading to a decrease in mortgage rates.
But what does this mean for the average person? And, more importantly, what does this mean for the average person's mortgage?
On … (2 comments)
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real estate: Interest Rates Fall, No Help for Borrowers - 09/15/08 01:03 PM
With the recent buy out of lending giants Fannie Mae and Freddie Mac interest rates on thirty year fixed loans fell.
Rates fell from 6.29% to a modest 5.76%, but the flip side is a borrower’s credit score must now be a near perfect 740 to qualify.
Originally, a person … (6 comments)
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real estate: Federal Takeover Caused Rates to fall - 09/11/08 05:03 PM
The takeover of Fannie Mae and Freddie Mac by the US Government has caused mortgage rates to fall.
This brought the thirty year fixed rate mortgage down to it’s lowest in six months. It was brought down to about 5.5 percent which amounted to a one half percent drop in … (7 comments)
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real estate: Pet of the Week: Domino - 09/10/08 03:44 PM
Name: Domino
Cage#: A0912285
Breed: Domestic Short Hair
Age: 7 Months
Sex: Male
This week’s featured Pet of the Week for the City of Fullerton is “Domino” a seven month old, male, black and white, domestic short hair, ID# A0912285.“Domino” is such a curious cat. He loves to explore, play, … (1 comments)
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real estate: Short Sale Bets Thriving in O.C. - 08/22/08 04:13 PM
A short sale is when a bank or other loan company sells a house and accepts less than the amount of the debt for ownership of the property.
In the buyer's market of today, this is becoming more and more common as banks find expensive properties are becoming so difficult … (3 comments)
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real estate: Quarter Million Discounts in Orange County - 08/22/08 03:44 PM
Because of the buyer's market that has been driving real estate for the last several months as property values dip, some home buyers in the O.C. are seeing some massive discounts on desirable property.
Both in the inland counties and in valuable beach cities properties are being discounted by … (1 comments)
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real estate: More and More O.C. Homes Selling For Less and Less - 08/22/08 01:28 PM
Last week the O.C. Register printed an article that half of the homes in Orange County were selling for less than their purchase price. This is fantastic news for those in the market to buy a house, whether as an investment or simply to fufill the American Dream of home … (1 comments)
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