According to ForeclosureRadar, foreclosure sales in California are down 53 percent in the last year. Other March trends: Foreclosure sales to bank-down 62 percent; Bank-owned inventory-down 20 percent. According to the J.Lansner and J. Collins of O.C. Register, “As the number of Orange County foreclosures drops, the proportion of investors buying the properties at auction…
“O.C. HOME MARKET CATCHING FIRE”
Jonathan Lasner of the O.C. Register quotes thoughts from Steve Thomas, who tracks O.C. housing inventory and listings and whose latest report including data up to March 15, ”Homes are flying off the market. Further, the housing inventory is running on empty; the foreclosure and short sale distressed inventory is at a low not seen…
Posted in Buyers, News Leave a comment
U.S. HOME RESALES HAVE BEST WINTER SINCE CRISIS BEGAN
According to a March 22, 2012 article in the Business Section, the sales pace in January was the highest since May 2010, the last month that buyers could qualify for a federal home-buying tax credit. The combined January/February totals helped boosts sales ahead of the crucial spring buying season. Though some indicators such as the…
Posted in News, Sellers Leave a comment
67145 Rango Road, Cathedral City
Schedule a Showing/Request Info Free List of Foreclosed Homes For Sale Homes Close to Where You Work Avoid Foreclosure Short Sale Homes For Sale Mortgage & Refinance Search All Homes For Sale Nancy Low Star Real Estate 714-496-5950 nancy@nancylow.com Licensed In: CA Information valid for the date of this posting only. Please contact us…
Interesting real estate information for November from DQNEWS
LA JOLLA, Calif. (DQNews) –The number of homes sold in Southern California rose modestly last month from both October and a year earlier as investors and first-time buyers targeted homes priced below $400,000. Sales above $500,000 fell nearly 16 %from a year earlier amid a troubled market for larger home loans, a real estate information…
Posted in News Leave a comment
Thinking of Installing Wood Floors?
Five Factors to Consider Wood floors offer warmth and are always inviting, which is what makes them so popular. If you’re thinking of installing wood flooring, here are some pointers to consider: Costs for wood flooring can run anywhere from $8-12 per square foot but could be higher if you choose an exotic variety. If…
Posted in Sellers Leave a comment
GOOD NEWS BAD NEWS
Buyers in today’s Orange County real estate can expect a serious return on their investment of about 34.6% in the next 6 years. However, the downside is that Sellers who bought during the height of the market in 2006-2007 still will not see prices return to those heights by 2017, according to an article in…
Posted in Buyers, News Leave a comment
ORANGE COUNTY HOME SALES UP
Dataquick reports that in the first quarter, 6,632 homes sold in Orange Country – up 3 percent from a year ago and the best buying pace to start a year since 2007. This confirms the view from the street – we see the return of intense multiple offer situations, especially in the first-time buyer range….