I have noticed that the lower priced detached homes are not going down in price in Mission Viejo or Lake Forest CA. In the last 2 months there have not been many REOs available which would of made the bottom line lower. We have within the 2 cities 542 houses total available today and only 23 of t
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04/29/2009
Well, O.C. Mission Viejo and communities surrounding it ,did it again. Home prices are up! Median price was up $15,000 in March since Jan 1, 2009 reaching $385,000 and the volume rose 46.3 percent from one year ago. Orange County Register is saying it may be setting up for the bottom but not yet.
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04/24/2009
Just did a check on how the market in my area is doing. I work out of Mission Viejo, CA Population is over 95,000 Total Active on the market 3/8/09- - 214 detached houses. 4/19/09- - 205 detached houses. Short Sale Active 3/8/09- -75 out of 214
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04/19/2009
I have been keeping track of REOs in Mission Viejo and Lake Forest, CA and they are drying up. Nov. and Dec. there were 128 REOs sold. Jan. and Feb. 2009 there were 88 REOs sold. It is WOW! Now lets look at what is on the market for the same area in March and April. How about only 24 available an
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04/15/2009
Interest rates are at a 65 year low, below 5% and home owners are going to lenders to refinance. Banks are being deluged with applications. Marshall Boyd co-presdent of Southwest Bank Mortgage and founding managing partner of William Trew Real Estate Services says he has been though other refinan
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04/13/2009
This is something all home buyers should attend. You can get all your answers in one place! Where? Los Angeles Convention Center in downtown Los Angeles. The Southern California Home Buyer's Fair is being co-sponsored by the CALIFORNIA ASSOCIATION OF REALTORS® and the Los Angeles Times. This free
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04/10/2009
I tell buyers to make a list of everything they have to have and do their best to get them all. Before house hunting, make a list of nine things you want in the new place. Then make a list of the nine things you don't want. I call this "NINE OF THIS AND NONE OF THAT".
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04/01/2009
I have been going though the MLS in my town and guess what I see too much of, appointment required, 24 hour notice w/ no lockbox. Do the sellers think that their house is the only one on the market or that buyers will wait to see their house. Lets say 10 houses that fit the needs of your client,
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04/01/2009