Home Buyers, What Are You Waiting For? - 11/21/07 04:54 PM
If you are a buyer sitting on the fence, the conditions are ideal; it is time to get serious about buying a home. There are many buyers out there who are thinking that the inventory is high, demand is low and there is still a lot of pressure on pricing; so, … (0 comments)
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Orange County Housing Market Conditions - 11/21/07 04:53 PM
You can put money on the fact that Bernanke and the Federal Reserve will not leave rates at artificially low levels for as long as they did throughout the 2000’s. We will have to wait and see how the history books are written, but Alan Greenspan (the prior Federal Reserve Chairman) … (0 comments)
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What can we expect of the Orange County housing market for the remainder of the year and the beginning of 2008? - 11/21/07 04:52 PM
We can expect demand to continue to rise slightly, after taking a brief hiatus for Thanksgiving, as there is nowhere but up from the lows stemming from the financial crunch. September and October promise to be low for closed sales for 2007. The active inventory will continue its march downward as … (0 comments)
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What if you are a seller, how should you respond to the Orange County housing market? - 11/21/07 04:50 PM
Simply put, if you don’t have to sell now, then don’t. The only exception to this rule is the high end, homes above the $2 million mark. Contrary to what many think, if all of a sudden every seller on the market priced their home below the last comparable sale or … (0 comments)
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How should a home buyer approach the Orange County Real Estate market? - 11/04/07 03:53 AM
If you plan on owning your home for more than just a few years, rest assured that Southern California is not just a popular worldwide destination, it’s an excellent long term investment. It is important to note that you cannot believe everything you hear or read in the media:
"The … (0 comments)
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How should a home seller approach the Orange County real estate market? - 11/04/07 03:45 AM
There are a lot of people who now have to sell because of economic circumstances where they simply can no longer afford their home because of recent adjustable mortgage rate resets. These sellers, short sale sellers and the banks that are foreclosing on homes really must sell. For sellers within … (0 comments)
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What can we expect from the real estate market in Orange County for the remainder of the year and the beginning of 2008? - 11/04/07 03:34 AM
Demand has continued its slow, but methodical rise over the past month as jumbo loan rates have dropped and confidence in our financial markets slowly returns. We can look for demand to continue to slowly ascend. Thus, the slowest time of the year is actually already in our rear view mirror, … (0 comments)
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November 3rd Housing, Economic and Mortgage Market Update - 11/04/07 02:00 AM
We are now headed into the holiday market, historically the slowest time of the year… but, not this year. We already experienced the slowest demand of the year due to the financial market crunch, September and October. November is already showing signs of improvement and December promises to be even … (0 comments)
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November 3rd Orange County Housing Market Update - 11/04/07 01:56 AM
The bottom of the financial crunch, in terms of demand (escrow activity), was about a month ago. Demand, the number of homes placed into escrow within the prior month, increased from 1,113 homes four weeks ago to 1,241 homes today, that’s an increase of 128 homes, or a 12% increase. With … (0 comments)
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November 3rd Orange County Foreclosures and Short Sales Update - 11/04/07 01:48 AM
Currently, short sales and foreclosures in Orange County account for 17.5% of the active inventory and 18% of all escrows opened within the prior month. Of all the short sales and foreclosures currently on the market, 59% are below $500,000, up from 57% two weeks ago, and 93% are below $750,000, … (0 comments)
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