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Orange County Real Estate

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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New Programs Aim to Streamline Short Sales

February 19, 2010

The National Association of Realtors issued a press release today detailing efforts they are taking to help make the purchase of Short Sales less frustrating and problematic.
HAFA – Home Affordable Foreclosure Alternatives
HAFA is a Federal program with takes effect in April that is designed to help homeowners complete a Short Sale of their home when [...]

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In Pictures: The Severity Of The Foreclosure Crisis Depends On Where You Live

February 15, 2010

Foreclosures stories dominate the national housing news. It seems at least one foreclosure-related story makes its way to the front page or the nightly news every week.
But for as much as the foreclosure filing statistics can be astounding — over 300,000 homes were served last month alone — the prevalence of foreclosures depends on where [...]

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Orange County Home Buyer Tax Credit Reminder

February 5, 2010

The updated and extended tax credit for first-time home buyers and current homeowners is slated to expire in less than three months.  Here’s a recap of the details:

Feature

Original Program

Extension

Deadline

Must fund by Nov. 30, 2009 (WFHM deadline was Oct. 30)

The measure is written differently so that a sales contract must be in [...]

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Previewing The New Good Faith Estimate for Orange County Real Estate

October 23, 2009

The new Good Faith Estimate makes its debut January 1, 2010.
Expanded from 1page to 3, the legislators responsible for the new Good Faith Estimate want it to be simpler for homeowners and home buyers to understand than the former version.
By most accounts, Congress will meet this goal.
The new Good Faith Estimate includes plain-English explanations of every [...]

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Orange County Real Estate – Pending Homes Sales Gain Again

October 7, 2009

Is Some Momentum Building?
Buoyed by a generous tax credit, affordable homes, and low mortgage rates, the Pending Home Sales Index posted its seventh consecutive monthly gain in August.
It’s the longest winning streak in the index’s history and the highest reading in 2-1/2 years.
It’s also another signal that the housing market is in recovery.
“Pending home sales” are [...]

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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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First Time Home Buyer Tax Credit – The Inside Scoop

June 12, 2009

How Orange County Home Buyers Can Take Advantage of the First-Time Home Buyer Tax Credit

One of the most exciting provisions of the American Recovery and Reinvestment Act of 2009 for Orange County Home Buyers is the $8,000 tax credit available for first-time home buyers. Add this tax credit to the historical low home prices and [...]

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First Time Orange County Buyer Info

June 7, 2009

Thanks to Janice Eckles at MetLife Home Loans for helping to compile this information
First Time Home Buyer Tax Credit
One of the most exciting provisions of the American Recovery and Reinvestment Act of 2009 is the $8,000 tax credit available for first-time home buyers.  Combine this tax credit with the fact that home prices and interest [...]

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New Trends in Today’s Wild Wild West in Orange County Real Estate

May 29, 2009

Attention Orange County home buyers!  Market update!  Very important!
What’s hot right now with Short Sale homes for sale in Orange County is for competing buyers to be asked for their highest and best offer – then the higest of the high and bestest of the best offer will be submitted to the bank – IF the buyer [...]

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