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

2013 

Interest Rates Are On The Move   On Wednesday, June 19th, the Federal Open Market Committee met and released to the markets their intentions to limit their $85 Billion a month subsidy of interest rates. Since that date mortgage backed securities have risen approximately one-percent causing a sell...
06/25/2013
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Some More Good News We are seeing the number of properties for sale increasing in Orange over the last few weeks.  This will help the market flow more evenly.  It still favors the seller but more properties gives buyers a bigger sellection.  Interest rates also stopped the march upward helping bo...
06/25/2013
Both 15 Year And The 30 Mortgage Rates Fall Did you realize that interest rates will have a major effect on the market during the rest of this year and into the next year.  We had large increases for the first time in years going from the low 3% to high 3% almost 4%.  I did lose one property I pu...
06/23/2013
 Mission Viejo Market Report By Real Estate Agent Tim Lorenz 6/23/2013   This weeks market update for Mission Viejo and surrounding areas from a Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were up 21.6 percent, for new homes up 9.7 percent and for resale cond...
06/23/2013
160 Oval Dr. Walnut Square Tract in Irvine In Escrow For More Than List Price      This Irvine Comdo in Walnut Square is in contract after multiple offers and for more money than the list price.  Some of our competition talk about the ability to be successful sell homes, we not only sell them we ...
06/17/2013
Here Are Some Reasons You Can Tell The Market Is Good   Here are the reasons that we know Orange County, CA is improving by leaps and bounds.  Year to date we see 52.7% drop from May 2012 at 573 properties in mortgage default.  Mortgage rate is approaching 4% at 3.98% on the 30 year fixed rate.  ...
06/17/2013
New Agent Added To Our Team Michael Albrecht     I have been impressed by Michael's dedication to detail and his ability to learn our system.  Michael has entered into his first escrow with a buyer on a home with a $675,000 price tag.  We want to congratulation him and wish him much success.
06/16/2013
Mission Viejo Real Estate Market Report By Tim Lorenz 6/16/2013   This weeks market update for Mission Viejo and surrounding areas from a Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were up 21.2 percent, for new homes up 13.8 percent and for resale condos up ...
06/16/2013
Happy Father's Day To All You Father's I would like to take this time to let you know that the position of father is very important to our society.  We are the ones that are hopefully role models and set the pace for our children.  Many will look to how and what you do day to day to set your chil...
06/16/2013
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We Did It Again We set a new high price in the Cabrillo Vista tract     The last sale was 399,000 we were able to sell the property at $513,000.  If you were in need of selling your home at top dollar contact us.  We have consistantly been able to drive prices beyond what most of the other agents...
06/15/2013
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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.