Not Sure How to Take Some of The Reports - 05/28/12 11:20 AM
Not Sure How to Take Some of The Reports
As I was reading along a few days there was a report that we are at a 15 year low in home ownership.  Wow, that does not sound good at all.  Even with the increase in sales all across the nation we are still at the lowest level in 15 years.  Then today I find in the local paper, Apartments Push Home Building to a four Year High yet in the article they state we are 14 percent below the previous year.  What?  We are 14 percent below and we are at a … (30 comments)

Mission Viejo Realtor Tim Lorenz, Area Market Report 5/27/2012 - 05/27/12 10:38 AM
Mission Viejo Realtor Tim Lorenz, Area Market Report 5/27/2012
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 1.4 percent, for new homes it is up 15.4 percent and for resale condos down 2.0 percent. The sales volume is up for resale homes 16.8 percent and up 15.7 percent on condos and down 21.2 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are down 4.0 percent and the sales volume is up 0.0 percent. Mission Viejo Zip Code 92692 sales prices are up 0.0 percent and the sales … (4 comments)

Ruby and Me - 05/26/12 09:26 AM
Ruby and Me
Ruby was born one week ago.  She is our sons 3rd child.  She is nine pounds and has a beautiful head of hair.  Here is the proud grandpa and his new baby grand daughter. 

Ok you can see she in pointing to her favorite Grand Father.
… (12 comments)

The Foreclosure Shadow Inventory Is Shrinking - 05/20/12 12:07 PM
The Foreclosure Shadow Inventory Is Shrinking
There has been a lot of projection on the amount of shasow inventory that existed with banks and how that inventory would be on the market for years to come.  That after the settlement of Robo Singing Court Case we would see a flood of foreclosures hit the market destroying prices.
It has not happened.  Today the Orange County Register had an atricle on the subject that supports one of my earlier blogs indicating that there is no huge shadow inventory.  At least in Southern California. 
At the end of the first quarter of this … (18 comments)

Mission Viejo Realtor Tim Lorenz, Area Market Report 5/20/2012 - 05/20/12 11:55 AM
Mission Viejo Realtor Tim Lorenz, Area Market Report 5/20/2012
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 2.1 percent, for new homes it is up 16.9 percent and for resale condos down 3.0 percent. The sales volume is up for resale homes 22.9 percent and up 15.0 percent on condos and down 25.6 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are down 10.7 percent and the sales volume is up 35.1 percent. Mission Viejo Zip Code 92692 sales prices are up 1.7 percent and the sales volume is … (1 comments)

Our Latest Grand Child - 05/19/12 12:10 PM
Our Latest Grand Child
 
Just thought I would share our latest addition to the family.  Ruby is a brand new grand daughter 9 lbs and is sitting with her older sister Relle.  Her brother Zane is not in this pic. is not in the picture.
Family is very important to my wife and I.  This is one branch on our family tree.  We have 6 children and this is the family of our oldest son.  We have a dozen grand kids and 1 great grand child.  It is a true blessing.
… (5 comments)

The Perfect Government Catch 22 - 05/14/12 09:43 PM
The Perfect Government Catch 22
Did you know we have a serious dilemma. 
 
Years have passed since many of the first short sales have been consummated, many homeowners, who went through a short sale desire to get back into a home and take advantage of the great buying opportunity which exists right now.
 
Every day we receive requests from both agents and their clients to determine the eligibility to purchase again. The most often stated re-approval terms, if late mortgage payments existed at time of sale, are a 2 year wait when financing conventional with 20% down … (28 comments)

Mission Viejo Realtor Tim Lorenz, Area Market Report 5/13/2012 - 05/13/12 09:43 AM
Mission Viejo Realtor Tim Lorenz, Area Market Report 5/13/2012
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 3.4 percent, for new homes it is up 17.6 percent and for resale condos down 7.7 percent. The sales volume is up for resale homes 20.5 percent and up 24.5 percent on condos and down 15.8 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are down 23.1 percent and the sales volume is up 18.4 percent. Mission Viejo Zip Code 92692 sales prices are up 8.9 percent and the sales volume is up … (4 comments)

Mission Viejo Realtor Tim Lorenz, Area Market Report 5/6/2012 - 05/08/12 06:43 PM
Mission Viejo Realtor Tim Lorenz, Area Market Report 5/6/2012
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 2.2 percent, for new homes it is up 13.8 percent and for resale condos down 8.8 percent. The sales volume is up for resale homes 16.1 percent and up 11.9 percent on condos and down 3.4 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are down 21.8 percent and the sales volume is up 28.9 percent. Mission Viejo Zip Code 92692 sales prices are down 4.3 percent and the sales … (10 comments)

4 County Snapshot of Average and Median Prices And Average Time On Market - 05/05/12 06:19 AM
             4 County Snapshot of Average and Median Prices And Average Time On Market
 
… (2 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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