real estate: Short Sales in today's market - What you need to know - Zen Ziejewski's August 08 podcast - 08/23/08 01:02 PM
Short Sales are here for several years to come. Find out what you need to know about the current Orange County real estate market and how short sales are impacting the market by listening to Zen Ziejewski's August 2008 Podcast. This podcast will help you learn more about the short sale market and the … (0 comments)
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real estate: California in Trouble? - 08/07/08 12:43 PM
There are "two distinctly different paths" for housing in America right now, says Mortgage insurer PMI Group's latest report on the risk of falling home prices . Most of the nation's housing markets are showing signs of improvement, but the inflated markets in California and Florida are showing signs of further deterioration … (0 comments)
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real estate: Orange County Real Estate Activity for April, May, & June of this Year - 07/25/08 08:04 PM
In mid April of this year, Laguna Beach had 22 homes in escrow, 332 active listings, and 17 homes closing in escrow at the end of the month. San Clemente had 96 homes in escrow during April of this year, along with 558 active listings and 51 homes closing in escrow … (0 comments)
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real estate: Is the REO Bus Coming to Your Town? - 05/19/08 03:47 PM
In Orange County, foreclosures have shot up 49% since last December. Reports are showing that the lowest priced foreclosures are being bought quickly while the higher priced homes, though competitively priced, are staying on the market longer.
An agent in Orange County sponsored a REO Bus for these slow turning homes. … (0 comments)
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real estate: Orange County Homes Sales are Down Over 17% - 05/13/08 05:35 PM
In Orange County, it is reported that all home sales in the first quarter of 2008 calculate that SFRs are down 3.9% from the last quarter in 2007 and down 17.2 from last year. Condo sales are down 4.0% and down 17.5% from last year.
In Laguna Niguel home values have decreased by 13.1% in … (0 comments)
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real estate: America's Last Great Tax Deduction... Owning Real Estate! - 05/01/08 09:56 PM
Are you paying too much taxes this week to Uncle Sam?Are you happy with the taxes you have to pay? Then you may need to re-evaluate your real estate strategy.
With the elections coming in 2008 and the possibity of higher taxes now is a great time to prepare and lower your taxes. … (2 comments)
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real estate: Home Foreclosures in California Hit Record - 04/23/08 04:11 PM
Foreclosures rise to 47,171 in the first quarter, that's more than four times then a year earlier.
Sinking home values and the collapse of flimsy mortgages fueled a record number of foreclosures in California in the first three months of this year, dimming prospects for any quick recovery in the housing market.Default … (2 comments)
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real estate: Orange County Vary Based on Area - 04/21/08 01:11 PM
According to DataQuick systems, Orange County has seen a 328 percent increase in foreclosures since one year ago and 2,232 foreclosures in the first quarter alone. That is the highest in at lease 20 years.
But that doesn't paint a complete picture of what's happening. It seems that the pricier zip … (1 comments)
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real estate: The Mortgage Relief Plan to be Approved - 04/17/08 03:47 PM
At the beginning of April both Democratic and Republican leaders reached agreements to try to get a multibillion dollar package to address the increasing foreclosures and other problems stemming from the worst housing slump since the Great Depression.
The biggest beneficiaries of the bill will be the home builders and other businesses … (2 comments)
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real estate: OC – Dead Last in the Jobs Game - 04/17/08 03:08 PM
Oh how OC has fallen from the mighty we once were. We are dead last in the jobs game. Orange County had the largest decline, 19,100 in positions last year. That was the biggest decline of the 328 largest counties in the U.S, tracked by Bureau of labor Statistics.
This is a … (0 comments)
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real estate: Are OC Homes Priced Lower to Draw Higher Bidders? - 04/14/08 03:40 PM
Redfin brokerage CEO Glenn Kelman followed up on our recent chat with some more thoughts about what his shop sees in the O.C. market: Redfin CEO, Glen Kelman had this to say about the market - Our deals over the past two months have been closing at 96.2 percent of … (0 comments)
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real estate: Laguna Hills Home Inventories Down 30% in March - 04/02/08 06:14 PM
As of April 2nd, 2008 according to the Multiple Listing Service (MLS) the total number of active listings in Laguna Hills totaled 202 homes (condos, townhomes and single family homes). This is down 73 homes from February 2008 with a total of 275 homes on the market. We have seen a nice … (2 comments)
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real estate: Aliso Viejo Home Inventories Increase in March - 04/02/08 06:09 PM
As of April 2nd, 2008 according to the Multiple Listing Service (MLS) the total number of active listings in Aliso Viejo totaled 312 homes (condos, townhomes and single family homes). This is up 20 homes from February 2008 with a total of 292 homes on the market. We have seen a nice … (0 comments)
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real estate: Mission Viejo Home Inventories Go Down in March - 04/02/08 06:06 PM
As of April 2nd, 2008 according to the Multiple Listing Service (MLS) the total number of active listings in Mission Viejo totaled 458 homes (condos, townhomes and single family homes). This is down 23 homes from February 2008 with a total of 481 homes on the market. We have seen a nice … (0 comments)
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real estate: Dana Point Home Inventories Stay Steady in March - 04/02/08 04:37 PM
As of April 2nd, 2008 according to the Multiple Listing Service (MLS) the total number of active listings in Dana Point totaled 304 homes (condos, townhomes and single family homes). This is up 10 homes from February 2008 with a total of 294 homes on the market. We have seen a nice … (0 comments)
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real estate: 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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real estate: 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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real estate: 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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real estate: 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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real estate: 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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