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Orange County Sellers

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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Straight Talk for Home Buyers

August 23, 2010
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Wouldn’t you like to know what Real Estate Agents fear telling you?  Well, now you can!  Our new site is dedicated to doing just that for home buyers and sellers in today’s crazy Orange County Real Estate market.  Selected articles also appear in the Orange County Register Real Estate section every Sunday.
Advice for Home Buyers
Here [...]

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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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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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Rancho Santa Maragarita House Sells in 7 Hours!

June 24, 2009

It really is a seller’s market in South Orange County Real Estate today!

This adorable home in Rancho Santa Margarita sold in 7 hours!  Well, it took a little longer than that to get the paperwork all straightened out, but the house hit the MLS at noon and an awesome offer came in at 7.  Can [...]

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