An Insider's Look at Real Estate

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Real Estate Agent - TIM LORENZ - Elite Home Sales Team - DRE# 00919781
This blog will post interesting views of the Real Estate Profession and have information to the buyers and sellers in the area.



Home prices rose againin July, this activity will definitely help the foreclosure markets recover.  Higher home prices show that the recession is slowing because the consumer is still willing to take some risk with the home prices are lower.  The home prices for Los Angeles and Orange County gain...
Gov. Arnold Schwarzenegger created a California commissionto overhaul the tax code and they recommends tax cut.  Part of the proposal is to lower taxes on top earners, repealing sales taxes and replacing the corporate profits tax with taxing not the gross but the net. California finds itself in a...
The recession can cause people to put off the things causing delays.  The down turn (recession) is changing the way we live and it always happens.  More people put off getting married and home purchases.  Many who were going to relocate to a new area do not.  We are uncertain or keenly certain of...
This market report from a Mission Viejo Realtor shows again that in most areas the volume of homes selling in Orange County are up 20 percent for new homes and 11.7 percent in resale condos and 6.1 percent in homes for the previous 4 weeks.  If you are wondering about the prices over all in the C...
You may have seen the head line Home Resales Dropor something like it in your newspaper.  The National Association of Realtors published the sales of resale homes drop of 2.7% on Thursday.  Why do they always have the negative spin?  The statistics show a 3.4% increase when compared with a year a...
California builders are increasing prices according to John Burns real estate consulting firm in Irvine stated this last week.  While U.S. home prices are stabilized at least for the current period Burns stated he thought another round of price drops are coming. More builders are raising their pr...
Mission Viejo Helps Injured MarineAles Minsky one of its own.  Minsky was critically injured by a roadside bomb in Afghanistan and has been in recovering in hospitals all across the United States.  He is and was a resident of Mission Viejo.  The injuries suffered include, brain injuries, broken j...
Mission Viejo City Attorney, William P. Curley, filed lawsuit against the Saddleback Valley Unified School District.  According to the Orange County Register Curley said he filed the suit because of a statute of limitations under the California Environmental Quality Act.  If he did not file he wo...
Here comes the begining of the increases in mortgage rates.  Don't look now but the Fed is not going to support lower interest rates.  On Wednesday the Federal Reserve said it was slowing the pace of a program to lower mortgage rate and prop up the housing market. The Fed decided to stretch out i...
The news today let us know that home prices are up slightly 0.3% nationally in July.  The home prices rose slightly according to a government index as further evidence the housing market is stablizing.  We are all glad to see this up tick. The Federal Housing Finance Agency said Tuesday that pric...

Tim Lorenz

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A real estate professional and investor for over 45 yrs look at the market, the laws, the trends and the condition of the market. A runing commentary of one persons professional's opinion.