Posts tagged as:

Orange County Homes

Orange County Housing Report: Demand is Normal Again

June 28, 2010

Here’s the latest Orange County Housing Report from Steven Thomas, President of Altera Real Estate.
After dropping nearly 22%, Orange County housing demand is now in a normal summer cyclical pattern.
Housing Demand:
Over the last 5 years the average drop in demand was 3.2%, this year it was only 2%.
Whatever the reason, the end of school, graduation, [...]

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An Oasis in Orange – Condo for Sale by Equity Owner

June 14, 2010

Brand new on the market! Click “play” to see a short video of this great home for sale in Orange, with wonderful patio, upgraded kitchen and bathrooms, and beautiful living space.

This end unit condo in Chapman Townhomes, with 3 bedrooms and 3 bath, has vaulted ceilings, gorgeous natural light, and a secluded garden back yard. The [...]

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Orange County Home Prices Up 12% in March

April 13, 2010

Jon Lansner of the OC Register reports that the latest Dataquick homebuying report shows the median home price in March was $432,000, up 12% from a year ago. The number of homes sold in Orange County also continues to rise, with the March sales of 2,652 homes 9% higher than in 2009. That makes 20 [...]

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What a Multiple Counter Situation Means to an Orange County Home Buyer

March 29, 2010

You put an offer on a great home, and the response from the seller comes – a counter-offer, marked “MULTIPLE COUNTER OFFER”. What does it mean? What should you do? Well, first of all, don’t panic!

What Does “Multiple Counters” Mean?
Often in today’s Orange County Real Estate market, homes in [...]

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Wells Fargo Joins HAMP Second Lien Program

March 18, 2010

DSNews is reporting that on Wednesday Wells Fargo joined Bank of America to become the second major US bank to participate in the HAMP Second Lien Modification Program.
A Step In the Right Direction
Under the Second Lien Modification Program (2MP), when a homeowner obtains a loan modification on the first mortgage the second lien holder must [...]

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FHA Loan Alternative – 5% Down Conforming on Orange County Homes

March 16, 2010

Robert Collins of Wells Fargo reminded me today that FHA Mortgage Insurance rates are going up. The current up-front premium is 1.5% of the loan amount, but on April 5, 2010 it goes up to 2.25%!
On a $500,000 purchase, that’s an increase in premium from $7,238 to $10,856, not chump change. One new alternative Robert [...]

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Housing Starts Soar To 6-Month High In January… Or Do They?

February 22, 2010

Sometimes, headlines for housing can be misleading and this week gave us a terrific example.
On Wednesday, the Commerce Department released its Housing Starts data for January 2010. The data showed starts at a 6-month high.
A “Housing Start” is a privately-owned home on which construction has started.
Headlines on the Housing Starts story included:

U.S. Housing Starts Hit [...]

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The Case-Shiller Shows Home Prices Are Still On Their Way Up

September 30, 2009

For the second month in a row, 18 of the 20 Case-Shiller real estate markets posted higher home values. It’s the 6th consecutive strong showing for the benchmark private-sector housing index.
Combined with falling home supplies and rising sales figures, this month’s Case-Shiller Index suggests that housing may have bottomed sometime earlier this year.
It’s cause for optimism.
Even Case-Shiller [...]

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Orange County Homes Just Became Even More Affordable

December 12, 2008

Lower Interest Rates Means More Affordable Homes
Orange County home buyers watched today as interest rates on conforming loans droped to 4.75% on 30 Year Fixed Rate home loans. That means any Orange County home for sale today will cost you less on a monthly basis - if your loan amount is equal to or less than $417,000.00. And it [...]

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Mission Viejo Homes for Sale – Market Update

October 15, 2008

Mission Viejo REO Homes for Sale
As of this post, there are 25 active REO homes for sale in Mission Viejo. 36 Mission Viejo REOs are already in escrow.

These range from a $185K 1 bedroom 1 bath condo in the Las Palmas complex to

a 5 bedroom 3 bath almost 3000 square foot home in Pacific Hills for $745K – [...]

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