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According to Treasurer Henry Paulson, "Fannie Mae and Freddie Mac are crucial to turning the corner on housing. Therefore, the primary mission of these enterprises now will be to proactively work to increase the availability of mortgage finance." Unfortunately, this isn't all good news. Friday's ...
09/08/2008
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Since the first time in five years, the unemployment rate as jumped dramatically in the last month reaching 6.1 percent. And according the Labor Department, it's likely to get even higher in the months to come, possibly throwing the economy in a tailspin as Americans choose a new president. The j...
09/08/2008
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According to Dataquick, the latest home-selling stats show the median home price is now at $445,000 from the 22 business days that end Aug 20. That's $200,000, or 31% below the peak of $645,000 that hit in June 2007. Single-family homes are now $234,000 below their peak from the $734,000 that hit...
09/05/2008
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According to the National Association of Realtors, exsisting-home sales rose in July to the highest level it's reached in five months, but continue to be well below the numbers from last year at this time. Existing-home sales - including single-family, townhomes, condominiums and co-ops - increas...
09/03/2008
Dataquicks latest home-selling stats for the 22 business days ending August 13 shows a median selling price for a single-family home at $499,500 - $234,500, or 32% below the peak of $734,000 that hit June in 2007. This is the first time it's reached under a half million dollars since December of ...
09/03/2008
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Existing-home sales jumped up in July, rising more than expected, but inventories have expanded and prices keep dropping. On Monday, the National Association of Realtors said that home resales rose to a 5.00 million annual rate, a 3.1% increase from June's revised 4.85 million annual pace. The me...
08/27/2008
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On July 25, 2008 industry data reported incidents of mortgage fraud had jumped 42% nationwide, with Florida reporting the highest number of cases. According to the Mortgage Asset Research Institute, Properties in the Sunshine State accounted for nearly a quarter of all mortgage fraud incidents. ...
08/27/2008
The buying trend continues with Orange County home buying statistics up 10% in Early August. According to Data Quick information systems, the latest home selling statistics in Orange County shows that home buying is up 10.4% versus a year ago. Sales totaled 2,718 for the 22 business days ended ...
08/23/2008
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Short Sales are here for several years to come. Find out what you need to know about the current Orange County real estate market and how short sales are impacting the market by listening to Zen Ziejewski's August 2008 Podcast. This podcast will help you learn more about the short sale market a...
08/23/2008
One of the great annual events in San Juan Capistrano is taking place this weekend. It's the Rancho Mission Viejo Rodeo in San Juan Capistrano this Saturday and Sunday, August 23rd and 24th. This brings back the tradition of cowboys and the ranch lands of Orange County. The event will include ...
08/23/2008