Guide To Orange County Real Estate Blog 
California Real Estate Market Snapshot - April 2012
Tuesday, May 15th, 2012 at 7:22pm. 9 Views, 0 Comments.
The California Association of Realtors@ closely monitors and analyzes trends in the residential California real estate industry. The table below contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates.
Investment and Vacation Home Sales Surged In 2011
Friday, May 11th, 2012 at 4:23am. 23 Views, 0 Comments.
The second home market surged in 2011, according to data from the 2012 NAR Investment and Vacation Home Buyers Survey. The combined market share of investment and vacation homes rose to the highest level since 2005.
Investment home sales jumped 64.5 percent over 2010. Vacation home sales climbed seven percent, year-over-year, and accounted for 11 percent of all transactions last year.
The survey provided insights into the effects of today’s tight credit environment, as well. Forty-nine percent of investment buyers paid all-cash, as did 42 percent of vacation home purchasers. Typical second-home buyers were around 50 years old with median incomes of approximately $87,000.
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Effect of Gas Prices on Orange County Real Estate
Tuesday, May 8th, 2012 at 5:35am. 39 Views, 0 Comments.
Among the victims of the economy has been Orange County real estate—and all those involved with that field. Brokers, realtors, buyers, sellers, renters, inspectors, and investors, for example, have been caught in a fluctuating, unpredictable, and sometimes unforgiving market for the last few years now. Most have stayed the course, waiting for conditions to improve. And things are, indeed, looking brighter. New housing starts are up, interest rates remain low, home prices are beginning to stabilize, and mortgage applications are increasing.
And then gas prices began to soar, possibly derailing any progress that has been made. How will this latest assault impact the Orange County real estate market? Although some experts believe that the higher…Positive Indicators For Increased Orange County Home Sales in 2012
Saturday, May 5th, 2012 at 5:00am. 168 Views, 0 Comments.
At last, some good news to share! It appears that a multitude of economic factors have successfully come together to finally give rise to an optimistic view of the future of the real estate market and to put a glimmer of a smile on the faces of those selling Orange County homes.
“Conditions are coming together to encourage people to want to buy homes,” says Doug Duncan, vice president and chief economist of Fannie Mae. “Americans’ rental price expectations for the next year continue to rise, reaching their record high level for our survey this month. With an increasing share of consumers expecting higher mortgage rates and home prices over the next 12 months, some may feel that renting is becoming more costly and that homeownership is a more compelling…California Real Estate Market Update - March 2012
Tuesday, May 1st, 2012 at 2:07pm. 49 Views, 0 Comments.
Learn what is going on in your neighborhood right now!
California real estate market update for March 2012.
FHA Increases Mortgage Guarantee Costs
Tuesday, April 24th, 2012 at 10:38am. 61 Views, 0 Comments.
The increases in FHA mortgage guarantee costs that took effect on April 1 have many Orange County home buyers asking, "What do these increases mean to me when I get an FHA loan?" Megan Booth and Rob Freedman with Realtor.tv break down the facts in this informative video.
Orange County CA Real Estate Trends - March 2012
Sunday, April 22nd, 2012 at 10:59am. 88 Views, 0 Comments.
The Orange County CA Real Estate Report below reflects the number of resale single family residences and condos as well as new homes selling in Dana Point, Laguna Beach, Laguna Niguel, Mission Viejo, San Clemente and San Juan Capistrano. Also reflected is the % of change is from the same month last year.
Orange County CA Real Estate - March 2012
Orange County Community
Median
Price
Change From
2011
Homes
Sold
Change From
2011
$425,500
-21.9%
10
-37.5%
Dana Point - 92629$551,000
+5.6%
48
+108.7%
Laguna Beach - 92651$1,350,000
+37.4%
41
+46.4%
Laguna Niguel - 92677$505,000
-2.9%
112
+19.1%
Mission Viejo - 92691$417,500
-6.7%
54
+35.0%
Mission Viejo - 92692$422,500
-8.2%
71
+12.7%
San Clemente - 92672$436,000
-24.8%
39
-4.9%
San Clemente…California Real Estate Market Snapshot - March 2012
Tuesday, April 17th, 2012 at 9:34am. 79 Views, 0 Comments.
The California Association of Realtors@ closely monitors and analyzes trends in the residential California real estate industry. The table below contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates.
Orange County CA Foreclosure Trends - March 2012
Thursday, April 12th, 2012 at 7:21pm. 117 Views, 0 Comments.
There were 15,082 Orange County CA foreclosures in March 2012, according to RealtyTrac.com. The average sales price of an Orange County home was $530,899 while the average sales price of a foreclosure home was $392,855, a $130,083 savings.
Orange County CA Foreclosure Activity and 30-Year Interest Rate
Orange County foreclosure activity had 2,792 new foreclosed homes in March while interest rates dropped to 3.95%.
Orange County CA foreclosure activity is based on total number of properties that receive foreclosure filings…default notice, foreclosure auction notice or bank repossession…each month. Interest rate is based on average 30-year fixed rate from Freddie Mac’s Primary Mortgage Market Survey.
Orange County CA Foreclosure Geographical Comparison
Orange…
Reducing the Role of Fannie Mae and Freddie Mac
Tuesday, April 10th, 2012 at 3:18pm. 75 Views, 0 Comments.
The regulator for Fannie Mae and Freddie Mac is attempting to gradually shrink the two housing-finance giants and create a new market for mortgage-backed securities to help the private sector buying Orange County real estate. Recently, the Federal Housing Finance Agency proposed replacing the mortgage-backed securities that Fannie Mae and Freddie Mac currently issue with a uniform security in a strategic plan it sent to Congress and the Obama administration.
Fannie and Freddie buy mortgage loans from primary lenders, pool them, and sell them with a guarantee that investors will be paid even if borrowers default. The two have helped people buy homes at affordable interest rates, but the government seized them in September 2008 after the mortgage market…My Account
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