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
2011
Mision Viejo Realtor Tim Lorenz Area Market Report 10/1/2011 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 down 10.8 percent, for new homes it is up 3.1 percent and for resale condos dow...
10/02/2011
One Quarter Of The Homes In Orange County Are Mortgage Free If you were wondering how Orange County will fair in the mortgage melt down that has and is occuring. We will survive quite well. Remember that one in four homes in Orange County is without a mortgage. It is owned outright. (accordin...
10/02/2011
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Comments
Standard Pacific's CEO Ken Campbell resigns his position as of January. The current President Scott Stowell will become the Orange County, Irvine based homebuilder's new CEO. MatlinPatterson injected a half-billion dollars into the firm and saved it from bankruptcy. The company states it is po...
10/02/2011
4
Comments
Even though Lennar increased the average price of a home they still reported a 31% drop in profit. The offset for the increase price was the slower than expected sales. Do not get me wrong they are still in the black Now, we must guess was the 3 percent increase in home prices a great move? Th...
10/02/2011
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Comments
What are buyers waiting for? For years now I have been telling agents and brokers that the market is not driven by interest rates. Most look at me as though I was a nut job. Now we can see if the lower interest rates produces a boom or does little to nothing. The Fed thinks that lower interest...
10/02/2011
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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.