Guide To Orange County Real Estate Blog 
Laguna Beach Luxury Summer Rental
Thursday, March 18th, 2010 at 1:48pm. 8 Views, 0 Comments.
Laguna Beach Ocean View Summer Rental
Beautiful views of Catalina and wonderful summer sunsets. Gourmet kitchen with granite counters and custom applicances. Two decks with room to entertain and enjoy the ocean views. Three car garage and use of custom golf cart. Maid service and gardener included. No smokers and no pets.4-Bedrooms, 3-Baths, 3-car garage (includes use of golf cart), 3,000 square feet. Offered at $15,000 month.
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The Importance of Being Green When Selling Orange County Real Estate
Saturday, March 13th, 2010 at 7:45am. 16 Views, 0 Comments.
Energy efficiency is becoming an increasingly important factor among buyers in their decision to purchase Orange County real estate. According to the 2009 NAR Profile of Home Buyers and Sellers, many buyers considered environmental efficiency and commuting costs very important when evaluating their options.
A house with poor energy efficiency tends to result in higher electricity bills. Heating and cooling costs were “very” or “somewhat” important to 88 percent of recent home buyers. Energy efficient appliances and energy efficient lighting were also “very” or “somewhat” important to a majority of buyers.
A long commute to and from work or in running errands can also affect commuters’ wallets. The NAR survey found that commuting costs were “very” or…
Orange County Homeownership: Taxes, Incentives, Credits and More
Friday, March 5th, 2010 at 12:04am. 47 Views, 0 Comments.
Owning a home is its own reward, but Orange County homeownership can also bring rewards at tax time. This year is especially beneficial for people who are in the market to buy a home, thanks to the $8,000 first-time buyer credit and the $6,500 tax credit for repeat buyers.
Current homeowners can benefit, as well. Tax credits are available for owners who undertake certain projects to improve the energy fficiency of their home, including replacing exterior windows, skylights and doors and installing efficient heating and air conditioning systems. Certain home improvements may qualify or as much as 30 percent of the project cost, up to $1,500.
Orange County homeowners also enjoy a mortgage interest deduction; allowing them to deduct all the interest paid on up…
Orange County CA Foreclosure Trends - January 2010
Friday, February 26th, 2010 at 7:30am. 89 Views, 1 Comments.
There were 24,546 Orange County CA foreclosure homes and 4,668 new foreclosure filings in January 2010, according to RealtyTrac.com. The average sales price of an Orange County home was $519,097 while the average sales price of a foreclosure home was $403,176.
Orange County CA Foreclosure Activity and Home Price Index
Home price appreciation dropped 0.68% in January with 4,668 foreclosures.
Orange County CA foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.
Orange County CA…
Just listed at 24895 Seagate Drive, Dana Point
Friday, February 19th, 2010 at 4:00pm. 76 Views, 0 Comments.
Waterford Pointe Home - Dana Point
Unobstructed panoramic views from this fantastic highly upgraded and loved home in the prestigious and gated Waterford Pointe community. Enjoy resort style living in this 2-bedroom, 2.5-bath home with 2-car direct access garage and expansive viewing deck off the main living area. Travertine, hardwood floors and custom designer tile welcomes you into this light and bright home with open, spacious floor plan. Viewing deck and private patio off of main bedroom to enjoy the ocean breeze. Enjoy association amenities, pool, spa and tennis court. Ideally located close to Dana Point Harbor, shopping and restaurants.
Dana Point is approximately one-half way between Los Angeles and San Diego, and is bordered by the cities of Laguna…
Orange County Real Estate Sales Statistics - January 2010
Friday, February 19th, 2010 at 12:50pm. 76 Views, 0 Comments.
Home sales surged in the fourth quarter of 2009 with many areas seeing double digit gains according to the National Association of Realtors. Total existing-home sales (single-family and condo) jumped 13.9 percent above the third quarter and 27.2 percent above the fourth quarter of 2008. Distressed property sales accounted for 32 percent of the fourth quarter transactions, down from 37 percent from 2008.
Lawrence Yun , NAR chief economist, said the first-time home buyer tax credit, combined with record low interest rates, played a dominant role in fourth quarter sales. Yun went on to say, “With inventory levels trending down over the past 18 months, we expect broadly balanced housing market conditions in much of the country by late spring with more areas…
2009 Tax Tips for Orange County Real Estate Owners
Friday, February 12th, 2010 at 12:49pm. 55 Views, 0 Comments.
Tax Season. It's that time of year again, and given the state of the economy, saving every penny is very appealing. As an owner of Orange County real estate there are many deductions and tax credits you will want to take claim on your 2009 return…provided you qualify of course!!
Here are a number of money-saving ways to reduce the amount of tax you owe--or even increase the amount of your refund!
First, let me explain the difference between a tax deduction and a tax credit. A tax deduction reduces (adjusts) your taxable income. A tax credit reduces your tax dollar for dollar. You do not have to itemize deductions to claim a tax credit.
Tax Deductions for Orange County Real Estate used as your Primary Residence
• Interest paid on your mortgage
• …
Costs Increase for Orange County Home Buyers
Friday, February 5th, 2010 at 1:19pm. 88 Views, 0 Comments.
The Federal Housing Administration (HUD) has announced major changes to its FHA loan program. The agency will increase the amount of upfront cash paid by new borrowers and require higher down payments from those with the poorest credit. Upfront insurance premiums paid at the closing table will increase to 2.25 percent of the loan value, but Orange County home buyers will still be able to finance the premiums. Borrowers with credit scores below 580 will be required to put at least 10 percent down, but home buyers with higher scores will still be allowed to put down as little as 3.5 percent. FHA also plans to reduce seller concessions from six to three percent of the home’s value.
These policy changes come on the heels of FHA’s announcement in October 2009…
Orange County CA Foreclosure Trends - December 2009
Friday, January 29th, 2010 at 8:44am. 128 Views, 0 Comments.
There were 24,901 Orange County CA foreclosure homes and 2,776 new foreclosure filings in December 2009, according to RealtyTrac.com. The average foreclosure sales price was $412,468.
Orange County CA Foreclosure Activity and Home Price Index
Orange County CA foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.
Orange County CA Foreclosure Geographical Comparison
Orange County CA foreclosures are 0.20% above national statistics and 0.13% below state figures.
Orange County CA…
Orange County Real Estate Sales Statistics - December 2009
Friday, January 22nd, 2010 at 9:32am. 123 Views, 0 Comments.
Contract activity for pending home sales fell after a surge of activity in preceding months to beat the original deadline for the first-time home buyer tax credit but remains comfortably above a year ago, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in November, fell 16.0 percent to 96.0 from an upwardly revised 114.3 in October, but is 15.5 percent higher than November 2008 when it was 83.1.
Lawrence Yun, NAR chief economist, said a drop was expected. “It will be at least early spring before we see notable gains in sales activity as home buyers respond to the recently extended and expanded tax credit,” he said. “The fact that pending home sales are comfortably above…
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