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.

ARCHIVED BLOG POSTS

2009 

Dana Point at Strand Beach opened what some called an elevator but it goes on an incline not up and down and therefore is a funicular.  The Dana Point funicular was funished and is now runing people from the parking area down the bluff to the beach.  Dana Point has the new over pass and the renov...
12/27/2009
2010 could be the year of the REO or the year of the Short Sale.  Since the economy is sluggish and is fragile it is likely that there will be more and more delinquent mortgages causing values to continue to drop.  However, there is a possibility that the lenders and homeowners might agree to sho...
12/27/2009
This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 16.6 percent, for new homes it is up 8.3 percent and for resale condos up 10.6 percent.  The sales volume is up for resale homes 17.4 percent and up 27.1 percent o...
12/27/2009
November Home sales were way up (7.4 percent) which is the highest level in nearly 3 years.  It is obvious that the tax credit has helped the local market sales.  Buyers were huring to get the $8,000 tax credit and get the reduced amount of the new tax credit.  About 2 million homebuyers have tak...
12/23/2009
A house has been re-listed in Laguna Beach's Emerald Bay at $35 million it is lowered from its previous listing price of $44.5 million. The home is a 3 bedroom 3.5 bath home with ocean views on a double beach front lot.  It is interesting to note the the luxury home market has been colapsing and ...
12/23/2009
Jonathan Lanser of The Orange County Register wrote an article today titled O. C. (Orange County) Home prices seen as 6.9 percent too low.  According to Lanser economists at IHS Global and PNC Financial say in a new report that Orange County home prices in the third quarter were 6.9 percent too l...
12/22/2009
Borrower who got in trouble and went to their lenders got a modification and then they are now going into default.  Even though they were able to get their lenders to lower the interest rate, lower the principle or both.  With the economy still weak and employers continuing to cut jobs, many once...
12/22/2009
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My hope is that we will get the lenders to make decisions quicker on Short Sales that have offers on them.  Bank of America is the most difficult.   I would hope that when a buyer drops out of a short sale that the bank could make a decision allowing a new buyer to step into the old approval proc...
12/20/2009
Fewer buyers want foreclosed homes according to Trulia.com and RealtyTrac.  About 43 percent to American buyers say they are interested to buy a foreclosed home.  The number one reason cited for the change is they do not want the hidden costs.  There is a clear negative perception and, therefore,...
12/20/2009
The homeowners in Pacifica, San Juan Capistrano will get a 42 percent refund this year from one of their tax bills on Mello-Roos.  The Capistrano Unified School District decided to refund 42 percent of the Mello-Roos property assessment this year on homes in the Pacifica San Juan Capistrano commu...
12/20/2009
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Tim Lorenz

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