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 

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I do not consider myself a writer and yet I have blogged and answered blogs and find myself at 100,000 points here on AR. I really did not realize that most of my information is on the numbers and how the economy and the market is doing backed by statistics, until I looked back.  It has been fun ...
01/22/2010
Our market has recovered.  Yes, that is what I said.  The gage is that the higher priced homes that we could not even get financing for in the begining of the recession, and then after it became available the upper end of the market was not selling. We just did not have any move up buyers and it ...
01/22/2010
Orange County employers had layoffs well over 13,000 workers lost there jobs it hit Orange Countyhard.  It was a 34 percent increase from 2008 to 2009.  The numbers were based on an analysis of government filings, company announcements and independent reporting, it shows the depths of the recessi...
01/21/2010
Landlords are begging for renters and the apartment rent are falling.  Rents have been dropping for the last 5 quarters in Orange County.  The apartment rent is down 6.7 percent and is still falling.  We are seeing the lowest rents in the past 3 years.  The biggest decline was in Lake Forest, whe...
01/21/2010
We've got weather here in Mission Viejo, who would have ever though we would have had weather. This is crazy we have had more Mission Viejo weather in 4 days than we have in the last 5 years.  Remember it never rains in California.  Well its is raining and raining and raining.  On Tursday we had ...
01/21/2010
This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 16.8 percent, for new homes it is up 4.7 percent and for resale condos up 10.7 percent.  The sales volume is up for resale homes 10.3 percent and up 18.8 percent on...
01/17/2010
Locally it is difficult to actually gage the success of the tax creditfor home buyers.  Most of the buyers that I have had during last year were not informed about the tax creditand just wanted to purchase a home in this market.  It is difficult to gage if it had any effect on their buying habits...
01/17/2010
I told you about the home in Corona del Mar, the home that was on Bravo TV "Million Dollar Listing" it has had its listing price slashed 32 percent. Remember when I told you it was $9.5 million?  It has had a few adjustments and is now on the market at $6,495,000. On the show they showed a remode...
01/15/2010
Los Angeles and Orange counties' home prices rose 0.3 percent in October from September, the 5th month-to-month price gain in a row according to Case-Shiller Home Price Index. Locally our prices dropped 6.3 percent from October 2008 it is the smallest percentage drop in 2 years.  In reading the i...
01/15/2010
The demand for Orange County homes us up 12 percent.  When one looks at the last 30 days and compares to the a year ago the Orange County homes is up 12 percent.  It helps us understand the demand for homes in the area.  We are seeing the sales steadly move up in the South Orange County area.  Th...
01/13/2010
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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.