An Insider's Look at Real Estate
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
3
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If you have decided to list or purchase a condominium there are some new problems here in our area. Many of the condominium projects are not qualifying for a loans. It's no wonder with so many short sales and foreclosures the Homeowner Associations for condominium complexes are seeing an incre...
01/12/2010
1
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A Newport Coast home sets a new record for highest value for a home at a selling price of $19,777,777. The home is a 3 story mansion with ocean view on 3 sides of the home. The home was in Pelicans Crest a gated community within Newport Coast. This sale ranks as the 13th highest home sale price...
01/12/2010
3
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This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 19.2 percent, for new homes it is up 2.2 percent and for resale condos up 11.1 percent. The sales volume is up for resale homes 12.2 percent and up 22.3 percent on...
01/10/2010
3
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November's pending home sales down 16 percent. This is the first time after 9 consecutive months of up ward positive pending home sales that they are down in November. The market appeared to have been making positive moves and stablizing but we could be headed to a "double dip" down turn. Part...
01/08/2010
0
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Changes to Ola Vista will take several months. Ola Vista is a street that carries bicyclists, beachgoers and the buses will be getting a make over. Since it is a designated bike route and a bus route the bicylists may want to find a new route. Starting in February the project will stretch from Av...
01/07/2010
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The Orange County Register reported the home inventory report shows that the typical house on the markdt today takes half the time to sell as it did a year ago. The current inventory is would take 2.93 months to sell at the current rate of slaes. Whereas 5.93 months a year ago and 15.05 months ...
01/07/2010
During his State of the State address, Governor Schwarzenegger yesterday stated his 2010 proposals for California. Included in the proposals is a recommendation to set aside $200 million for a new round of $10,000 state tax credits for first-time home buyers. The proposal expands upon the initi...
01/07/2010
2
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Just when we get through a tough year in real estate and are looking to 2010 to be better, the naysayers print articles saying what lies ahead could be worse. That's a terrible way to start the New Year and it doesn't help with buyer confidence. The three main factors most commonly prescribed t...
01/05/2010
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We often want to know what is going on and see things from the immediate view, when the longer view or decade view causes a better perspective. The Median selling price for all residences in Orange County roughly doubled the pricing of the 1990's. The problem is that markets go up and they go do...
01/04/2010
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Did you know we have a successful football team here locally, the Santa Margarita Pop Warner Midget Mustangs. The Santa Margarita Pop Warner Midget Mustangs football team posted a 13-1 record which qualified them for the National Championships in Orlando, FL. The Santa Margarita Pop Warner Midge...
01/04/2010
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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.