market: First time buyes the Largest group and geting picky
- 02/08/11 09:13 AM
First-time home buyers used to only want to buy a "starter home," which means an entry-level property that is affordable and often needs some updating. But today's new buyers are getting more choosy in their home shopping.A Great Majority of the first-time home buyers want to buy a home that is TURN KEY, move-in ready, according to a survey of 300 first-time home buyers in the last year. First-time home buyers made up half of the market in 2010, according to the National Association of REALTORS®.This is a wake-up for sellers revealed by this survey that the condition and quality of their home matters a great … (4 comments)
market: Does it make sense to own VS Rent? You bet!!!
- 01/20/11 04:50 AM
:I hope you agree with this Real Estate Survey below:Daily Real Estate News | January 20, 2011 | Share Owners, Renters Favor Owning a Home A substantial majority of both home owners and current renters agree that owning a home is a smart decision over the long term. That's according to the results of a National Association of REALTORS® survey of 3,793 adults conducted online by Harris Interactive.The American Attitudes About Homeownership survey found that in today's challenging economy, 95 percent of owners and 72 percent of renters believe that over a period of several years, it makes more sense to own a home. … (0 comments)
market: Long Recession Ignites Debate on Jobless Benefits
- 07/10/10 02:36 AM
by Sara Murray Management Recruiters of Sacramento, Calif., says it recently had a tough time filling six engineering positions at an Oregon manufacturer paying $60,000 a year -- and suspects long-term jobless benefits were part of the hitch. "We called several engineers that were unemployed," says Karl Dinse, a managing partner at the recruiting firm. "They said, nah, you know, if it were paying $80,000 I'd think about it." Some candidates suggested he call them back when their benefits were scheduled to run out, he says. Rick Jewell has a different take on extended jobless benefits: He didn't want to be … (0 comments)
market: Who Caused the REcession??
- 04/19/10 01:49 AM
Goldman Sachs FRAUD Charges Filed By SEC Over Subprime Mortgage Securities AP/Huffington Post First Posted: 04-16-10 10:51 AM | Updated: 04-16-10 02:36 PM
The government has accused Goldman Sachs of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was faltering. The Securities and Exchange Commission announced Friday civil fraud charges against the Wall Street powerhouse and one of its executives. The agency alleges Goldman failed to disclose that one of its clients helped create -- and then bet against -- subprime mortgage securities that Goldman sold to investors. In essence, Goldman … (2 comments)
market: Better Think Twice before walking away from you Home
- 01/28/10 10:46 AM
Daily Real Estate News | January 28, 2010 | Banks Seek Payback from Walkaways Increasingly aggressive mortgage lenders are seeking to collect deficiencies from former home owners who walked away from their properties or sold them in short sales.Many states, including Florida, give mortgage holders as long as five years to seek a deficiency judgment. If granted, the bank gets up to 20 years to collect and the option to renew for another 20 years if the debt isn't paid. About one-third of U.S. states, including California and Arizona, prohibit collection efforts after foreclosure, but home owners usually waive that protection in a refinance. Most … (2 comments)
market: Fewer Defaults!!! Could the Worst Be Over???
- 01/24/10 04:56 AM
Daily Real Estate News | January 22, 2010 | ShareFewer Defaults: Could the Worst Be Over? The number of consumer loans that are going bad is leveling off, reports Bank of America, Wells Fargo and other large banks, signaling that the worst could be over.Bankers reported that credit quality is stabilizing with lending losses expected to peak this year.But analysts warned that any new hit to the economy could reverse the trend with all aspects of the recovery dependent on an improving employment picture."In the second half of the year, it will be more and more important for the overall economy to improve at … (3 comments)
market: WOW Must be the bottom of the Market
- 12/15/09 02:17 AM
Median sales price for single family homes was $518,300, the second highest in the past 16 months according to Jeff Colins of the Orange County Records and the MLS. That is up 13.8 % from November of 2008 median. Destressed sales fell to their lowest level this year so far and the second lowest percentage of all sales:796 of all the last months sales were Bank-owed or short sales, where the mortgage is greater than the sale price; or some other type of distressed sale. That is 37.8% of all sales.361 of last month's sales were homes repossessede by banks (REO's) … (0 comments)
market: Are you watching the Market?
- 10/14/09 08:45 AM
The Lending institutions are showing a profit again. Even though they are losing money on their Bank Repos and Short Sales they are showing a profit. How does that happen? Is this because of the government assistance? Are they returning the money to "we the People" from the profits? It seems as though the outlook is upward. Interest rates are low, the Stock Market has hit the 10,000 mark for the first time this year; which is a milestone! Multiple offers on homes below $430,000. Most sales below $900,000 are moving relatively fast. 85% of all adult population gainfully employed and … (0 comments)
market: Dont Wait for more Foreclosures Supplies my dwindle
- 07/14/09 10:03 AM
Daily Real Estate News | July 14, 2009 | Share Unemployed Might Get Anti-Foreclosure Help The Obama administration is reportedly considering a program that would give loan forbearance to the unemployed. The aim of the program is to provide help without distorting the housing market.The program would augment the federal loan modification program, giving unemployed workers more time and financial leeway to qualify for a new loan. So far the loan modification program hasn't been very successful for a variety of reasons, including the declining equity many troubled borrowers have in their homes and rising unemployment figures that make lenders unwilling to participate.Last week, … (1 comments)
market: The glass is half full or half empty
- 06/23/09 08:41 AM
Its all in how you look at the same thing The media gives us all these bits and pieces of information and we can chose to read gloom and doom into it or raise our glasses and toast. Lets look at the unemployment, lots of people are out of work about 10% is what I heard so you can look at that as being bad news or think about the FACT that 90% of all the people in the USA are working and getting paychecks. For those 90% they have lots to be thankful for such as Lower rents if they … (0 comments)
market: Housing picture brightens in California
- 06/10/09 01:22 AM
By Jim Carlton TheWall Street Journal With the state's median price rising for the second consecutive month in April, and sales of existing, single-family homes remaining above the 500,000 level for the eighth month in a row, California is being closely watched as a barometer of the economy. Some economists believe these two factors indicate the state's median price could be at or near the bottom. MAKING SENSE OF THE STORY FOR CONSUMERS · Sales of existing, single-family homes increased 49.2 percent in April in California compared with the same period a year ago, according to the CALIFORNIA ASSOCIATION OF … (0 comments)
market: Change in the Real Estate Market
- 04/29/09 08:41 AM
The Real Estate Market seems to have shifted. The housing supply has moved to only a 5 month supply in most areas of Orange County if the Homes are below the Million Dollar price. This seems to be because the loans that are available up to $729,000 are more readily available combined with the Stimulus package for first time buyers and the fact that the homes have dropped from their Market highs by about 30-35% some at 40% in Orange County. Reported information says that the medium home prices have remained level for two months which is a positive note from a continual … (0 comments)
market: NOW is a GREAT time to buy
- 04/01/09 08:19 AM
According to Sources the average rate of appreciation of homes since 1980 has been 5-6% per year and from 2000 to 2006 it went up an average of 15% per year and so the prices are moving towards a stable and healthier market. Home prices have dropped 30% from the high which means we are within 5-10% of a healthy average annual increase, so now is the time to move and negotiate the last 5-10% off the price while the seller's are negotiable and know it is a buyers Market.
We now have about a 5 month supply of homes … (0 comments)
market: Learn from the Rich and Famous "Warren Buffet's Words of Wisdom"
- 02/02/09 04:54 AM
"Be Fearful When Others Are Greedy. Be Greedy When Others Are Fearful" WARREN BUFFET Warren Buffet in his Wisdom is a majoriety stock holder in Prudential CA Realty Buffet's wisdom applies to real estate as much as it does to the stock market. Many buyers are sitting on the sidelines, waiting for that elusive bottom of the market-fearful that they will pay too much. THE TIME TO BUY IS NOW. It's a fgreat time for First Time Buyers to Make a Purchase, with prices at historic lows favorable interest rates, and a $7500 tax credit incentive available for a limited time. … (0 comments)
NEWPORT COAST HAS LOTS OF ACTIVITIES OCCURRING
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