fullerton: Confusing Median Home Prices
- 07/12/07 12:31 PM
By Namneet Dhaliwal Realtor Orange County CA July 12, 2007 The numbers are conflicting with the actual market value of homes. Many people look at the median sale price to gauge current real estate market trends. Median sales prices can be very deceptive as it only measures the middle point of properties sold above and below that price regardless of the size, age or location of the property. If one month more homes sold in a higher priced neighborhood of the city, it will bring up the median price. In this market with a low affordability index, increased home listings on the market and … (0 comments)
fullerton: Brea CA Real Estate Market Report
- 03/24/07 12:20 PM
Currently there are 146 Active listings in SoCal MLS for city of Brea CA and there are 43 homes listed as pending sale. At this time it is still a balanced market, but buyer friendly. Real Estate prices could suffer as there is limited supply of buyers. Due to 100% financing demise, it will be much harder for first time home buyers to enter into the market. Many banks are changing their guidelines on daily basis and future loans are going to be FICO driven. Still there are banks willing to lend 90-95 percent of property value if borrowers have FICO score higher than … (2 comments)
fullerton: New Listing in Brea CA- Turnkey Beautiful Home
- 03/18/07 02:51 PM
A Highly upgraded, corner lot, 3 bed, 3 full bath 2 car garage, 2100 sq. ft, built in 1996. It comes with upgraded travertine tile in bathrooms, maple wood flooring, and plantation shutters throughout the house, custom paint. Family kitchen with eating area and island, oak cabinets, granite counter tops, very open feel with cathedral ceilings, separate living room and family rooms, fireplace in living room. Nice back yard with koi pond and built in barbecue. Enjoy the Virtual Tour Ride
3 BR, 3 BA, 2100 sq. ft. Built in 1996 For $699,000-720,000 Make an offer, all offers will be reviewed by the seller and will … (0 comments)
fullerton: Creative Financing and its After Math
- 03/06/07 06:03 AM
Who is to Blame? Lenders are tightening their underwriting guidelines, requiring increased FICO scores for qualification, getting rid of sub-prime loans, but for now it is too late in the scheme. It was surprising to see that big lending companies, who have top notch financial ad visors, could not understand or foresee the after math of their creativity. It will take a while to clean up the mess created by poor underwriting guidelines. Recent actions by Freddie Mae and other institutional lenders should been taken and implicated few years back. A great number of people did not only get the teaser … (0 comments)
fullerton: Expired Listings and Orange County Real Estate Value
- 01/21/07 05:43 PM
2006 marks as a year of highest number of expired listings in Orange County CA Real Estate since year 2003. See numbers and graph at Expired Listings and Orange County Real Estate Value Normally listings are active for four to six months, a great number of these properties had price reduction from their initial listings price and still did not sell. These numbers are another proof of the slower market and buyer's skepticism . … (3 comments)
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