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Home Sales Skid to 19 Year Low - 12/20/07 06:04 PM
Housing numbers stay down from a year ago, including the local median price, off 6.5%. New Orange County housing figures from DataQuick show November was another extremely sleepy sales month: the lowest sales total in Data-Quick's database, which dates to 1988, and the 26th consecutive time monthly sales failed to meet the year-ago buying pace. The median price, meanwhile, is 6.5 percent less than a year ago. "We're still on the down slope," said Irvine real estate consultant Walter Hahn. "We're definitely not at the bottom." In all, 1,567 transactions closed escrow last month, down 45.3 percent from November 2006. Just (0 comments)
Happy Holidays to All! - 12/20/07 05:55 PM
This time of year to meant to be spent with those you love and cherish. Family and friends are very important to create a more fulfilling life for each of us and we need to be happy for all those we have in our lives. I would like to wish you and your family HAPPY HOLIDAYS!!!! I hope that all of your Holiday Dreams come true and you are safe throughout the New Year! May business be better next year! (1 comments)
Rising Rents in Orange County Have Tenants Scaling Back - 12/17/07 05:14 PM
Ryan Groat grew up in Huntington Beach surrounded by surfing and beach culture. Although his dreams of becoming a professional surfer gave way to the need to earn a living, he always assumed he would live near the ocean. But now Groat, 33, finds himself landlocked, living in Whittier with his wife, their 3-year-old son and in-laws. Not only is he not near the beach, he's also not sure he will be able to live in Orange County again. The reason: rising rents. With average Orange County rents at about $1,600 a month, many tenants are scrambling to make ends meet. Some are (2 comments)
For more great Orange County market insight and industry news visit Laguna Niguel Real Estate or view the Orange County Market Trends at Orange County Real Estate. Listen to Zen's Laguna Niguel Real Estate Podcast available 24/7. (0 comments)
Pending Home Sales Unexpectedly Rise - 12/12/07 02:06 PM
Numbers are up in October but down 18.4% year over year. Pending sales of existing U.S. homes rose modestly in October, bucking Wall Street forecasts, but the decline from a year ago was the third largest on record, a reminder of how far housing has fallen. The National Association of Realtors said Monday that its Pending Home Sales Index, based on contracts signed in October, was up 0.6 percent to 87.2 from an upwardly revised index of 86.7 in September. The forward-looking indicator of home sales was more upbeat than expected by economists, who had forecast a decline of 1 percent. The (2 comments)
Do You Freecycle? - 12/11/07 05:06 PM
Freecycle is a website that allows you to give away items you want to trash to local people who want them, instead of adding to the landfills. You can give away items or recieve items for free and thereby reusing and reducing resources. Find a group near you by going to www.freecycle.org and entering your location on the given link. Let's all go GREEN!! For more great Orange County market insight and industry news visit Laguna Niguel Real Estate or view the Orange County Market Trends at Orange County Real Estate. Listen to Zen's Laguna Niguel Real Estate Podcast available 24/7. (2 comments)
Will the Fed Rate Cut Affect Your Mortgage? - 12/11/07 02:23 PM
Based on the type of loan that you have, it may or it may not. Here is the breakdown of some of the popular loans that homeowners have: The 30-year fixed: not much. The 30-year fixed is not tied to short-term treasuries. Fixed mortgage rates are tied to long-term bond yields that move based on the outlook for the economy and inflation. True, even as the Fed has lowered rates since the summer, the 30-year fixed has come down, but that's because of the outlook for slower economic growth in the months ahead. While the decline in treasury yields has helped push (4 comments)
South Orange County Holiday Events - 12/05/07 03:26 PM
Here are some of the Fun Holiday Events happening in South Orange County. I would love to wish all of you a safe and Happy Holiday!! Laguna Niguel: The Laguna Niguel Holiday Parade - The Laguna Niguel Holiday Parade for 2007 will occur at 10:00 AM on December 8th. Don't miss out on the fun. Sign up now to volunteer (check out our VOLUNTEER) page. The biggest and best winter parade in Orange County. Marching bands, clowns, exotic cars, celebrities, cheerleaders and more.... Letters to Santa - Nov. 26 - Dec. 9 - Crown Valley Community Park Parks and Recreation 29751 Crown Valley Parkway Laguna Niguel, CA (1 comments)
Local foreclosure rate zooms past '90s level - 12/03/07 05:01 PM
Orange County foreclosures are rising at a faster rate than they did during the last significant housing slump, in the 1990s, according to an Orange County Register analysis of DataQuick numbers. For example, last month there were more than 500 foreclosures in the county; 12 months earlier there were about 100 foreclosures in a single month. In the 1990s, the growth to more than 500 foreclosures a month from more than 100 a month took 55 months. Yet some economists say the two housing slumps are apples and oranges. Walter Hahn, a real estate economist in (2 comments)
No Holiday for Home Sellers - 12/03/07 04:57 PM
Martha Baker-Jordan had hoped to sell her four-bedroom home in Placentia by now. It has a pool, plenty of parking and a separate entrance for her piano studio, so music students can enter without going through the house. But after 90 days on the market, only about three people have even bothered to come see it. So when her real estate listing agreement expired last week, she dropped her price and signed up to keep the home on the market right through the holidays. "I really want to move. I really want to downsize," Baker-Jordan, a retired university professor, said of her (3 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.