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Orange County Foreclosures

Orange County Housing Report: Interest Rates Trump Tax Credit

September 21, 2010
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Here’s the latest Housing Report from Steven Thomas, President of Altera Real Estate.
It is time for buyers to start focusing on historically low interest rates; they won’t last forever.
Interest Rates
Rates are at ridiculously low levels and seem to be taken for granted.
I have always been fascinated how almost nobody focuses on how rates affect purchasing [...]

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Orange County Housing Report: Back to School Report Card

September 15, 2010
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Here’s the latest Orange County Housing Report from Steven Thomas, President of Altera Real Estate.
Since it is back to school for the youngsters, it is time to update Orange County’s housing report card.
Housing Demand:  C
After starting off the year with decent demand, we quickly realized that it was artificially high due to the Federal first [...]

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Orange County Housing Report: Best Time of Year to Sell

July 24, 2010

Finally, summer is here and so are home sellers’ wild expectations.
THE Best Time of Year to Sell
Here’s a hint: it is NOT Summer.
Every year the real estate industry deals with the same cyclical phenomena, homeowners who feel that summer is the best time of year to sell.  Unfortunately, buyers do not agree.  Buyer activity actually [...]

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A Home Loan with NO APPRIASAL? Too Good to Be True?

July 17, 2010

So, you’re browsing through the online listings of homes for sale in Orange County, and you come across a great little house that says, “No Appraisal Financing!”.  Woohoo!  That sounds easy…
HomePath
You may have heard of a new Federal home loan program called HomePath.  HomePath loans feature several tempting benefits, such as low down payments, flexible [...]

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Orange County Housing Report: Hey Sellers, Get Realistic!!

July 12, 2010

Here’s the latest Orange County Housing Report from Steven Thomas, President of Altera Real Estate.
The Orange County Housing Inventory has inflated by 48% since the beginning of the year on the backs of unrealistic sellers.
Unrealistic Sellers
Overpriced homes have flooded the market.
Reports of tremendous competition among buyers have fueled unrealistic seller expectations.  Reports of multiple offers [...]

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Orange County Housing Report: Demand Returning to Normal

June 19, 2010

The drop in demand ever since the end of the Federal first time home buyer tax credit on April 30th is slowing and leveling off.
Housing Demand
The 4% drop in demand in the last two weeks is much better than the 12% posted two weeks ago.
At this point, looking in the rear view mirror, the end [...]

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Orange County Housing Report: A Spring Pause?

June 13, 2010

Could it be graduations, the end of the tax credit, Europe’s influence, a temporary housing lull? Only time will tell, but the Orange County housing market has gone over a speed bump and has slowed considerably.
Housing Demand
Over the past month, housing demand has dropped by 17%.

Demand, the number of new pending sales over the prior [...]

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$30k Price Reduction on Foreclosure Home in Fullerton

May 7, 2010

This super-clean home on the Coyote Hills Golf Course in the gate-guarded Pinehurst Greens neighborhood has been on the market almost 4 weeks, and the bank says, “Sell it now!”
Previously offered at $679,900, the list price has now been reduced to $649,900.
Check out the Virtual Tour – three large bedrooms, three baths, a beautiful well-maintained [...]

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Top 4 Tips for How to be a Successful Home Buyer in Today’s Orange County Real Estate Market

March 22, 2010

It’s a seller’s market market in Orange County Real Estate Today – so here are the top 4 things you need to do to be successful as a buyer against pretty staggering odds.

1. You have to have your Money available
You have to have money for an initial deposit – usually about 1% of the price [...]

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Real Tips for Home Buyers – What Every Buyer Needs to Know About Cross Approval

March 20, 2010

Real Tips for Home Buyers – What Every Buyer Needs to Know About Cross Approval
An emerging trend in Orange County home sales is to require the buyer to be Cross Approved in order to submit an offer to buy a home listed for sale.  This means that even though you already have a pre-approval from [...]

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