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.



INSPIRATION FOR TODAY: "We shall do much in the years to come, but what have we done today?We shall give our gold in a princely sum, but what did we give today?We shall lift the heart and dry the tear,We shall plant a hope in the place of fear,we shall speak the words of love and cheer, but what ...
FHA Will Allow Flips FHA Extended their Flip Waiver Through 2012 HUD’s Temporary Waiver of FHA’s anti-flipping rule has been extended.    HUD‟s requirements when waiving regulations 24 CFR 203.37a(b)(2), requires:    A second full FHA appraisalfor FHA transactions when the subject property is bei...
Mision Viejo Realtor Tim Lorenz, Area Market Report 1/8/2012 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 5.2 percent, for new homes it is down 1.3 percent and for resale condos do...
Payment For Home Loans At 8 Year Low The Orange County home market should appreciate that payments on home loans are at an 8 year low.  That is because of an ever lower home price and the low interest rates.  Nothing could make home affordability to be better than these conditions.  The drop in h...
Home Sellers Take The Hit This Year As of November the gross sales were down 1.6 billion as compared to 2010.  The home seller must worry about listing their homes to high.  If their homes are on the market to long the amount they lose is considerable.  Since the market is moving ever downward we...
Oh No Not Another Piece of Bad News Oh no The Orange County Register reported another piece of bad news on regional home price biggest fall in 2 years.  The S&P Case-Shiller Home Price Indes showed that the Los Angeles and Orange County were down 1.48 percent in a month and down 4.91 percent in a...
Southern California Market Update This is the final Southern California 4 county snapshot for 2011 have a happy New Year. We hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date. Housi...
Consumer Confidence Improves This is what makes the difference in home sales, consumer confidence.  It is the highest since April after the second straight rise.  Hopefully that means Americans are gaining faith in the economy.  It helps when anything goes positive in the economy.  We are all loo...
$6.9 Million For A Laguna Niguel Compound This $6.9 million compound in Laguna Niguel is quite unique.  This home is actually the guest home on a lot with unique potential.  The home is in Bear Brand on Morning Dove and sits on a 16 acre lot.  The buildable pad is 50,000 square feet.  The home is...
45 Percent of Sales Last Month Were Distressed Multiple Listing Service system in Orange County last month reported 45 percent of all sales last month.  That is close to the average for the year which was 43.6 percent.  Some have asked if that is of any importance for the average person or homeow...

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.