Life isn't fair but it is still good - 11/28/11 01:47 PM
Life isn't fair but it is still good     One of my close friends sent me these 45 important to living a worthwhile life as an email the first is life isn't fair but still good.   I have to say as I looked over the list that I agreed with almost ever item.  I then though of what we have been teaching our children and our politics.  The me generation is incorrect.  It is not all about me.  When you fully embrace that life, no one wants to be with you because there is no room for them.    Envy … (10 comments)

Lending Problems? - 11/27/11 03:26 PM
Lending Problems?
A spokesperson, Dustin Hobbs, for the California Mortgage Bankers Association disputes that banks are the reason for Lending Problems.  He was responding to the report that Realtors were blaming lenders for the stall in recovery.  He points to high unemployment and economic instability as the problem. 
I agree that those are to carry some of the blame.  But in the resolution of the short sale and the foreclosure, issues the banks are front and center on the recovery problem.  The banks have carried out the most outrageous rules for handling there two issues.  Further, the Dodd Frank financial reform act rules are still being written.  … (4 comments)

First Criminal Case Filed On Robo-Signing - 11/27/11 03:09 PM
First Criminal Case Filed On Robo-Signing
First criminal case filed on robo signing in Navada.  The two indicted are Orange County residents in the scandal.
Gary Trafford and Geraldine "Gerri" Sheppard have been asked to surender to authorities by the Nevada Attorney General's Office.  Bail is set at $500,000 per person.
Both are title officers who worked for the Jacksonville, Florida mortgage servicing firm Lender Processing Services. 
The indictment accuses them of directring employees to file "tens of thousands" of default notices on Clark County, Nevada, homes that contained forged signatures that had been fraudulently notarized. 
This is still a mess.  … (6 comments)

Sad News For Orange County Developer - 11/27/11 02:38 PM
Sad News For Orange County Developer
Sad news for Orange County developer William Lyon Homes, the Newport Beach based firm.  According to the Orange County Register today the firm will file for bankruptcy protection as a reorganization plan.  I really hope they can stay in the market and get some help with the reorganization.  The developer has had a stellar career here in the Orange County area. 
Lyon Homes and its financial partners agreed to a recapitalization that would bring in $85 million to help with the debt.  Lyon Homes also added the plan "contemplates no impairment of any business relationships … (6 comments)

Fall In Orange County - 11/27/11 02:23 PM
Fall In Orange County
Ok this fall has not been a barn burner in Orange County. 
The statistics out of DataQuick and its analysts at DQNews the most current buying trends by tracking 98 out of the 100 largest real estate markets.  They use this data as a benchmark nationally.  It shows prices down and sales down. 
Clear Capital analysts' again shows a weak market.  Western U.S. prices fell at a 5.5 percent annual rate.  That would be the worst decline in the U.S. 
As consumer confidence continues to suffer we are going to see the market continue to drop.  Nothing in … (4 comments)

Mision Viejo, Real Estate Agent Tim Lorenz, Area Market Report 11/27/2011 - 11/27/11 02:07 PM
Mision Viejo, Real Estate Agent Tim Lorenz, Area Market Report 11/27/2011
This weeks market report for Mission Viejo and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were down 9.0 percent, for new homes it is up 0.2 percent and for resale condos down 5.9 percent. The sales volume is down for resale homes 0.3 percent and down 0.3 percent on condos and down 21.4 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are down 0.1 percent and the sales volume is even 0.0 percent. Mission Viejo Zip Code 92692 sales prices are down 14.5 percent and the sales volume is up 9.8 percent. Aliso Viejo sales prices are up 12.5 percent and the sales volume is up 35.0 percent. Laguna … (2 comments)

Happy Thanksgiving One and All - 11/23/11 02:27 PM
… (12 comments)

Mision Viejo, Real Estate Agent Tim Lorenz Area Market Report 11/20/2011 - 11/20/11 05:50 PM
Mision Viejo Real Estate Agent Tim Lorenz Area Market Report 11/20/2011
This weeks market report for Mission Viejo and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were down 9.6 percent, for new homes it is down 0.2 percent and for resale condos down 5.4 percent. The sales volume is up for resale homes 2.1 percent and down 7.1 percent on condos and down 21.6 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are down 2.4 percent and the sales volume is down 13.3 percent. Mission Viejo Zip Code 92692 sales prices are down 23.1 percent and the sales volume is up 6.5 percent. Aliso Viejo sales prices are up 17.5 percent and the sales … (4 comments)

OOPS No Takers On Huntington Beach's First Green Home - 11/13/11 02:58 PM
OOPS No Takers On Huntington Beach's First Green Home
Today the Orange County Register is reporting that there are no takers on Huntington Beach's first green home, oops.  The home was built and came on the market as a short sale and was foreclosed on before a sale could be secured. 
The home came on the market back in January of 2010 at $1.69 million came off the market at $999,000.  When the bank got the home they dropped the price by more than $100,000 and is now listed at $885,240.  It is a three story home attracted a lot of … (22 comments)

Interest Rates To Remain Low - 11/13/11 02:39 PM
UCLA Anderson Forcast suggests that interest rates will remain low for 2 years.  They suggest that the rate will hover around 4% through 2013.  Freddie Mac reported rates at 3.99 percent the second time since 1974.  According to the forcast mortgage rates will average 4% in 2012 and 2013. 
The forcasters then suggest a sharp increase in 2014 to 7.3% and remaining there until 2017.  They believe that the home prices will increase over 35% in the next 6 years, in Orange County.  Wow, from their lips to God's ear.  Even better is the increase for the whole state at 53%
… (7 comments)

Mision Viejo, Real Estate Agent Tim Lorenz, Area Market Report 11/13/2011 - 11/13/11 02:23 PM
Mision Viejo Real Estate Agent Tim Lorenz Area Market Report 11/13/2011
This weeks market report for Mission Viejo and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were down 7.3 percent, for new homes it is up 6.1 percent and for resale condos down 6.8 percent. The sales volume is up for resale homes 3.1 percent and down 6.3 percent on condos and down 19.5 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are up 0.4 percent and the sales volume is down 2.3 percent. Mission Viejo Zip Code 92692 sales prices are down 23.3 percent and the sales volume is down 7.7 percent. Aliso Viejo sales prices are up 17.9 percent and the sales volume … (2 comments)

The Market In Orange County Is Not Doing Better - 11/06/11 07:31 PM
The Market In Orange County Is Not Doing Better
The real estate market in Orange County is not doing better!  HousingTracker.net found that prices of homes in the 75th percentile in October fell for the fourth consecutive month after five straight increases. 
In addition, DataQuick homebuying trends found sales in the beach cities, for the 22 business days ending October 14 our regional analysis, down 10 percent. 
We are still selling homes but their are fewer buyers and with high unemployment that may be here for a while.
… (22 comments)

Mision Viejo Real Estate Agent, Tim Lorenz Area Market Report 11/6/2011 - 11/06/11 07:18 PM
Mision Viejo Real Estate Agent Tim Lorenz Area Market Report 11/6/2011
This weeks market report for Mission Viejo and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were down 5.9 percent, for new homes it is up 10.5 percent and for resale condos down 6.0 percent. The sales volume is up for resale homes 3.2 percent and down 6.6 percent on condos and down 19.8 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are down 0.5 percent and the sales volume is up 21.6 percent. Mission Viejo Zip Code 92692 sales prices are down 14.2 percent and the sales volume is down 12.5 percent. Aliso Viejo sales prices are up 21.9 percent and the sales volume is up 44.8 percent. Laguna … (2 comments)

Just a Reminder - 11/04/11 12:29 PM
Just a Reminder
 
Just a reminder to Fall Backwards this weekend - Sunday at 2:00 AMAnd, don't forget to change your smoke detectors batteries.
Most of us remember to change our clocks and forget the smoke detectors. Tfhen we have that noise we all dislike happen to each of us.  Then we may have to figure out which of our smoke detectors  we need to change.  It is easier this way. 
… (10 comments)

Southern California Real Estate Update - 11/04/11 10:38 AM
Southern California Real Estate Update
This is a 4 county overview of Southern California
… (4 comments)

 
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Tim Lorenz - 949 874-2247

Mission Viejo, CA

More about me…

TIM LORENZ of Keller Williams Realty

Address: 27101 Puerta Real, Suite 150, Mission Viejo, CA, 92691

Office Phone: (949) 282-2521

Cell Phone: (949) 874-2247

Email Me

A real estate professional and investor for over 43 yrs look at the market, the laws, the trends and the condition of the market. A runing commentary of one persons professional's opinion.


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