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Orange County Housing Market – Pricing versus Affordability

Though newest CoreLogic DataQuick figures show that median home prices and sales volume climbed in December, the number were weakest in Orange County, in the 6 county Southland region. While median prices rose 5.1% in the Southland from December 2013, Orange County rose 3.7% to $591,000. “Orange County powered out of the housing crash faster…

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Mistakes Sellers Make

* Not keeping resale in mind when renovating. Make sure any big changes you make will increase, rather than decrease, your home’s value. * Sticking around during the open house. No one wants the current homeowner hovering over them as they tour the house. It can prevent them from giving the honest feedback that could…

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US PENDING SALES REBOUND

The NAR’s pending home sales index increased 3.3 percent in July to 105.9, its highest level since August 2013. Based on contract signings, the increase came in much stronger than expected. Pending home sales have climbed in four of the past five months. Lawrence Yun, NAR chief economist, said that favorable housing conditions spurred increased…

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2nd Annual E-Waste Event

Save the date! September 13, 2014 from 10-12 at 20951 Brookhurst Street, Huntington Beach, California Star Real Estate is holding it’s 2nd Annual E-Waste Event.

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5 Home Smart Renovations

1. Upgrade the Siding When your siding has seen better days, upgrading it just may be one of the best investments you can make for your home, no matter what the economic climate. Since siding functions as a shield for the materials it covers, the better siding you have, the longer those materials are likely to last….

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14 Sneaky Mistakes that Can Decrease Your Home’s Value

Thinking of selling your home…even one day? Real estate experts weigh in on the unexpected little details that could cost you big time in the long run. 1. Choosing a crazy exterior color “Curb appeal is huge, don’t pick a paint color that isn’t common in your neighborhood or doesn’t fit the style of your…

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SOUTHERN CALIFORNIA HOUSING MARKET SETTLES TO A STABLE PACE

Home prices grew again in May, but not at last spring’s frenzied pace…there are fewer foreclosures to buy. More home sellers are testing the market, and bidding wars are less frequent. All of it signals a housing market that’s settling to a more stable, even healthy, pattern, which analysts say is a notable change from…

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Freddie Mac: Mortgage rates at six-month low

Mortgage rates edged down a hair this week, hovering at the lowest level in six months, with Freddie Mac reporting that lenders were offering 30-year fixed home loans at an average of 4.2% compared to 4.21% a week earlier. The average rate for a 15-year fixed loan dropped from 3.32% to 3.29%, according to Thursday’s…

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U.S. PENDING HOME SALES JUMP

According to an April 28 article released by Reuters, contracts to buy previously owned U.S. homes rose in March for the first time in nine months, in the latest sign the housing market was stabilizing after a recent wobble. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in…

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Things to Do Before Selling Your Home

Many homeowners are gearing up to list their homes in what is expected to be a very busy and competitive selling season. Here are a few tips to consider to maximize your potential profit. DECLUTTER – Begin by cleaning and eliminating clutter. Buyers need to imagine that they are already living there, and things like…

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