City of Laguna Niguel's Citizen of the year nominations - 03/29/08 07:52 PM
It's not too late to nomimate the 2007 person of the year in Laguna. The Laguna Niguel Citizen of the Year Committee is accepting nominations for the 2007 Laguna Niguel Citizen of the Year Award. This prestigious award was established in 1990, as a joint project of the Laguna Niguel service organizations, … (0 comments)
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Mortgage Applications Inceased 48% - 03/28/08 05:41 PM
Last week a lot of people were excited to hear that mortgage application volume had increased by 48%. It does make you want to believe the housing downturn is coming to an end. However, due to lower interest rates, the refinance index rose 82% from the week before. Refinances went from … (3 comments)
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More Help for the Mortgage Markets ... Here comes Fannie and Freddie - 03/19/08 09:27 AM
The day after the FED cut interest rates by .75 basis points another key announcement was made. The office of Federal Housing Enterprise Oversight better known as OFHEO, Fannie Mae and Freddie Mac's regulator, unveiled a reduction of the capital the firms must hold to 20% from 30% previously. Ofheo said the … (1 comments)
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The Big Bad LOAN Bear is DEAD! Bear Stearns that is ... - 03/16/08 09:20 PM
WOW ...The Big Bad Bear is Dead! I only mean bad because Bear Stearns was so BIG, the Biggest to Fall! I've been watching and listening to Bear Stearns for the past year now knowing that they were the #1 buyer of mortgage backed securities. I remember in the hay day and the peak … (3 comments)
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Can Bernanke’s Promises Ease Foreclosure Pain - 03/14/08 04:07 PM
Fed Reserve Chairman Ben Bernanke pledged that the central bank will make every effort to lessen the damage from numerous home foreclosures, which he said stem partly from reckless lending.Speaking to the annual meeting of the National Community Reinvestment Coalition, Bernanke sketched out causes for the current distress without speaking directly … (3 comments)
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Some Simple Ways for Your Home to "Go Green!" - 03/11/08 07:53 PM
More and more these days eco-friendly homeowners are looking for ways to help save the environment. Here are a few tips:•1) Use ENERGY STAR Appliances - These products meet strict guidelines by the EPA and Dept of Energy and use less energy then conventional appliances.•2) Install Low-VOC Materials - VOC ,which stands … (0 comments)
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First-Time Buyers With No Money Down - 03/11/08 06:38 PM
Financing challenges have made the more affordable housing market harder for the first-time buyers. Typically, first-time buyers have little or no money for a down payment. Between July 2006 and June 2007, 45% of first-time home buyers opted for 100% financing. However, Barton Pitts, president of Downers Grove Mortgage says that … (1 comments)
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Finally, It's A Buyers Market - 03/10/08 05:43 PM
Finally, it's a buyers market. For the years rapidly rising prices kept many buyers out of the market. But as homes prices and interest rates have continued to decline, it might be a great time to start looking to buy that home you want or need.That is, if you have a secure … (0 comments)
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OC Home Sales down $10 Billion from same period in 2005-2006 - 03/09/08 05:40 PM
With OC home sales generating $10 Billion less revenue in the past 12 months compared to the same period in 2005-2006 that definitely sums up that our Orange County real estate market has really slowed. According to the SoCal MLS, the dollar volume of homes sales from March 2007 - February 2008 totaled $14.4 billion. This is … (1 comments)
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Thornburg Mortgage - A Thorn in the side of the Jumbo Loan business. - 03/08/08 02:09 PM
With Thornburg Mortgage (TMA-stock symbol), one of America's premiere jumbo lender's on the brink of collapsing that doesn't bode well for the lending industry. Thornburg Mortgage is one of the best run mortgage companies in this country and when the lending crisis brings a company like this to it's knees, the real estate and … (0 comments)
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Aliso Viejo February 2008 Homes Sales - 03/07/08 01:56 PM
The Aliso Viejo unofficial homes sales count for February 2008 was 33 homes sold for the month. That is equal to homes sold in the month of January 2008. That is down 38% from the 53 homes that were sold during the month of January 2007.
In comparison the highest amount … (0 comments)
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Orange County’s New Loan Limits ...and the Winner is...Buyer’s and Sellers! - 03/06/08 09:16 PM
The NEW LOAN LIMIT announcement has finally arrived and the winner is...Orange County with its new FHA loan and conforming limit going to $729,750. This will definitely be a boost for the slumping Orange County and California housing markets. In housing markets such as Orange County, many consumers can't get the … (5 comments)
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Zen Ziejewski's Orange County Real Estate - March Podcast - 03/04/08 09:12 PM
Zen Ziejewski, Laguna Niguel Real Estate Professional, released the March Orange County and Laguna Niguel Real Estate podcast featuring Terri Murphy, REAL ESTATE AUTHOR AND CIO of US Learning in Memphis, TN. This month's real estate topic is a recap of the February Orange County real estate market and the changes implemented by Fannie Mae and Freddie … (0 comments)
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OC's Market Moving Events in February and March 2008 - 03/04/08 03:42 PM
There will be many market moving events but there are three that I noted in a blog below that will have a major impact on our housing market in in California and Orange County for the short and long term.
Click on the link to read the "Top 3 Market Moving Events … (1 comments)
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January 2008 Final Home Sales Numbers for South Orange County - 03/04/08 01:13 AM
The Above Chart is for the month of January 2008, sales for all types of Orange County home sales decreased 46.4% and the median sales price decreased 13.3% to $520,000. The median is where half the homes sold for more and half for less. Types of homes selling, as well as home value changes, … (2 comments)
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Orange County's Drought is Claimed to be Over - 03/03/08 03:18 PM
Who say's it never rains in California? Unfortunately the OC has been getting less then other parts of the state. Federal Climatologists claim an end to Orange County's damaging and long drought, reclassifying the region as abnormally dry, the lowest level of conceer in a comparatively dry year. Orange County is the … (0 comments)
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Laguna Niguel Home Inventories dip slightly in February - 03/01/08 02:30 AM
As of March 1st, 2008 according to the Multiple Listing Service (MLS) the total number of active listings in Laguna Niguel totaled 447 homes (condos, townhomes and single family homes). This is down 10 homes from January 2008 with a total of 457 homes on the market. We have seen a strong … (0 comments)
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