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 

The Portabello Estate of Corona Del Mar sold it's asking price had been $75 million and it is a 22,000 square foot home on the water with limestone flooring and glass partition that rises out to the kitchen counter.  It has 8 bedrooms and it's own cove.  The Portabello Estate of Corona Del Mar co...
11/28/2010
Mision Viejo Realtor Area Market Report - 11/28/2010 This weeks market report for Mission Viejo and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were up 0.9 percent, for new homes it is up 6.3 percent and for resale condos down 5.7 perce...
11/28/2010
California State Teachers Retirement System Program    3% down Payment, 17% Second and an 80% First, No Mortgage Insurance    This is a program that the Kevin Budde Team with Bank of America sent to us.  I thought it was important for the agents and public to know.    To be eligible for the CalST...
11/21/2010
Don't Lower the Sales Price, Buy Down the Interest Rate   Instead of lowering the sale price of a home, the seller can offer to pay for a buydown of the interest rate for the borrower on a temporary basis over the first several years of the loan.   A temporary buydown allows a lower interest rate...
11/21/2010
Why Have Interest Rates Moved Up?    The Federal Reserve Board made the announcement a couple of weeks ago they were going to continue buying U.S. Treasuries after ceasing the program in March of this year. They had already purchased in excess of $2 Trillion worth of government debt and have deci...
11/21/2010
I have watched as the Irvine Company took what some called a risky new home building venture that no one else was willing to take and they made it pay off big.  They were willing to build new homes for a couple of years putting up the money and attracting builders in to build communities. One wee...
11/21/2010
Now is a great time for buyers to shop for a great deal along the Laguna Beach coast for that coastal estate because of the lower price offer.  According to The Orange County Register the homes on the sand in Laguna Beach are a little bit cheaper today.  Some experts claim that now is a great tim...
11/21/2010
I know that seasonally we see a drop in inventory during a Holiday period.   The period of just before Thanksgiving and on tell after New Year is the most sever.  In Orange County California we are seeing a 2 percent drop in the last two weeks.  That drop equates to about 274 homes.  However, we ...
11/21/2010
Mision Viejo Realtor Area Market Report - 11/21/2010 This weeks market report for Mission Viejo and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were up 2.2 percent, for new homes it is down 1.1 percent and for resale condos down 11.7 pe...
11/21/2010
Mision Viejo Realtor Area Market Report - 11/14/2010 This weeks market report for Mission Viejo and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were up 2.0 percent, for new homes it is up 6.0 percent and for resale condos down 9.7 perce...
11/14/2010
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Tim Lorenz

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