Zen's Blog

In Laguna Niguel this week, the city is accepting applications for positions on various advisory panels. The Environmental Review Board, Investment Banking and Adult Committee, Parks and Recreation Commission, Planning Commission, Public Safety Committee, Senior Citizens Committee and the Traffic...

For the 22 buisness days ending September 19, Orange County sales increased 47.6 percent. However, the median sales price fell at 26.6 percent. In Aliso Viejo the median sale home price was $413,750. Thats a 18.9 percent decrease from 2007. The sales volume was 80, a 53.8 percent change from last...

Rates on home equity products fell sharply. The average home equity line of credit- or HELOC- fell 36 basis points, to 5.48 percent. HELOC rates were expected to fall in response to the Federal Reserve's recent half-point emergency rate cut. Home equity loan rates plunged 27 basis points, to 7.85...

Mortgage rates exploded this past week in their biggest weekly rise in the Bankrate.com index in more than 21 years. The average 30-year fixed rate jumped 54 basis points, to 6.74 percent. A basis point in one-hundredth of a percentage point. The average 15-tear fixed soared 45 basis points, to 6...

California State Senate Bill 1137 takes effect, dramatically impacting foreclosure filings. Discovery Bay, CA, October 13, 2008- Foreclosure Radar (www.foreclosureradar.com), the only website that tracks every California foreclosure with daily auction updates; today issued its California Foreclos...

Mortgage rates jumped in Orange County today after the Federal Reserve did an emergency cut of its key Fed Funds rate half a point to 1.5%. Al Hensling, head of loan brokerage United American Mortgage in Irvine, said there is no clear explanation for why mortgage rates spiked, but it often happen...

Dataquicks latest stats show a $437,250 median selling price fo the 22 buisness days ended Septembe 19th. This is 26.6 percent below a yea ago when it was $595,500 and 32 percent less than June 2007's peak of $645,000. The median selling price hasn't been this low since November of 2003. Only fou...

Consultants at Real Estate Economics in Irvine say they expect Orange County home prices to fall 1.7% in the next 12 months - and prices could again be appreciating within 18 months. The latest report suggests that the ailing market is turning and that such a rebound may be evident by mid-2009, b...

Under the $8.7-billion loan workout program that Bank of America will announce today for Countrywide borrowers, interest rates will be slashed as low as 3.5% for some borrowers, and foreclosures will be frozen for thousands of borrowers who might qualify. An estimated 125,000 Californians who are...

Latest home-selling stats from DataQuick show for the 22 business days ended Sept. 15 shows that O.C. homebuying runs 25.7% above a year ago. Selling doubled or more in 17 O.C. ZIPs - including all six covering Santa Ana. The 17, and their year-over-year gain ... Santa Ana 92703 (+450%) Santa Ana...