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

2010 

This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 19.9 percent, for new homes it is up 31.6 percent and for resale condos up 13.5 percent.  The sales volume is up for resale homes 8.0 percent and up 14.8 percent on...
02/14/2010
Citi offers  new ideas to homeowners to on the verge of foreclosure that counter them leaving.  Citigroup is asking the homeowner to give up the deed to the home and they can live there for six months. Citi said Thursday that it is lauching the pilot program called "Foreclosure Alternatives", thi...
02/12/2010
The recount on the recall election of the mayor of Mission was put to a halt by Lance MacLean late Tuesday.  The recount would have cost the Mayor Lance MacLean $600 per day and was due to start on Wednesday.  Lance MacLean lost the special election on Feburary 2, 2009 by 19 votes.  7370 voted fo...
02/12/2010
Bankruptcy fillings for residents and businesses of Orange County are up in the month of January.  In fact, according to data from U. S. Bankruptcy Court Central District of California it number of filings hit a decade high. January's filings (1,269) while the filings for January 2008 were 800.  ...
02/12/2010
The California Costal Commission Approves Dana Point Harbor Changes and the City Cuncil accepts changes to the revitalization plan.  The City Council unanimously gave initial approval to the Coastal Commission's suggested modifications and capped a process started more than a decade ago.  In Octo...
02/10/2010
Today we heard that you can get loans for the estate or luxury homes.  That is definetly good news for the whole market Sales of California homes at all price levels increased 16.9% last year, to 460,166 from 393,703 in 2008. However, sales of California homes priced at $1 million or more tumbled...
02/09/2010
This last years market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were down 7.4 percent, for new homes it is dowm 0.9 percent and for resale condos up 13.7 percent.  The sales volume is up for resale homes 14.3 percent and up 28.5 p...
02/08/2010
This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 17.6 percent, for new homes it is up 27.4 percent and for resale condos up 13.7 percent.  The sales volume is up for resale homes 8.0 percent and up 14.3 percent on...
02/08/2010
The number of Orange County homes selling for one million or more dollars fell for a fourth straight year in 2009 and were off by 11%.  The homes that are one million or more were down nearly 60 percent since 2005.  The sales of the under one million jumped 17.4 percent from the year before.  The...
02/05/2010
Irvine Company bet that there was an appetite for new homes and it has paid off and they are now their program speeds up the home building.  They bet that new homes would have an appeal in this market and 70 new homes were sold before Saturday's grand opening of two new comunities in Woodbury and...
02/05/2010
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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.