California September Home Sales

An estimated 36,027 new and resale houses and condos sold statewide last month. That was down 15.3 percent from 42,546 in August, and up 5.9 percent from 34,011 sales in September 2012, according to San Diego-based DataQuick. The sales count was the highest for any September since 40,216 homes sold in September 2009. September sales[…]

Escalation Clause: A Helping Hand in Bidding Wars

Are homes for sale in Laguna Beach, Newport Beach, Dana Point and San Clemente snapped up right and left in your targeted neighborhoods? That’s the case in some real estate markets today, and it often leads to that dreaded house hunting reality: bidding wars. If you’re considering buying a house in an area where bidding[…]

45 Second National Housing Update!

Check out RE/MAXs 45 second national housing report – click here! To find the home of your dreams in our coastal and inland cities begin your search with us.  And to we are happy to provide you a thorough evaluation of your current home – just ask us! For all the things that move you….please[…]

Buyer Confidence Continues to Inch-UP

Consumer confidence continues to increase steadily.    Times are great to maximize the value of your current home toward the purchase of your next home.  And while there is a lot of hype of “high” interest rates they have only gone up slightly and let’s talk about “high” when they reach 12-14% as they were[…]

Commercial Conundrum

As a commercial investor or business owner you likely know that Commercial Real Estate trends lag Residential very significantly.  Now, Commercial sales are pacing up. But one metric is not pacing with Residential and that is available inventory. Here’s the conundrum… While there is 18% available inventory it is slow to move unlike available residential[…]

Q3 Commercial Market Insights

Total transaction volume declined to $71.02 billion in second quarter 2013 from $74.31 billion in the previous quarter on a quarterly basis according to Real Capital Analytics (RCA). However, volume for the individual property types (with the exception of the apartment sector) increased on a quarterly basis. In addition, on a year-over-year basis, the total[…]

Sales Continue Seasonal Trends

While Sales were slightly down from August 2013, September follows the seasonal trend and outperformed September 2012! We are seeing the same trends in Laguna Beach, Newport Beach, Dana Point, San Clemente. Contact me to help you sell your home and/or find the home of your dreams! We are experts in all of Orange County[…]

What’s Going on with Home Flipping – Down or Up…actually both!

RealtyTrac reports that overall home flipping is dramatically down in 2013. BUT, home flipping (as defined as buy/sell within 6 months) is up 34% is high-end communities such as Laguna Beach, NewPort Beach and other Orange County Coastal Communities. If you are an investor or home buyer/seller, please contact me to help you with your[…]

RE/MAX Ballon Celebrates 35 Year Anniversay!

Thirty-five years ago this month, in October 1978, the very first RE/MAX Hot Air Balloon took flight. As it soared over the New Mexico desert during Albuquerque’s Balloon Fiesta (now named the Albuquerque International Balloon Fiesta), no one could have guessed that the seven-story-tall Balloon would soon become one of the world’s most iconic corporate[…]

Housing Recovery Seems Still on Track

  The housing market, one of the main drivers of the economic recovery, continues to gain strength despite the drag of rising mortgage rates and other economic headwinds, but some analysts are worried that it may slow in the months ahead.  Home prices soared 24.8 percent in San Francisco from July 2012 to this July.[…]

As mortgage refi boom dries up, lenders loosening requirements for homebuyers

Online mortgage originator LendingTree’s monthly Credit Accessibility Report shows the average accessibility score for U.S. borrowers rose from 103 to 106 between July and August, indicating that borrowers had easier access to mortgage credit. The Credit Accessibility score is benchmarked at 100, using data from the full year of 2012, which is where it stood in[…]

Signs of an easing of credit requirements are surfacing

Could the end of the refinancing boom be stimulating slightly more favorable mortgage terms for home buyers? The latest comprehensive study of activity in the market suggests the answer could be yes. Ellie Mae Inc., a mortgage technology firm in Pleasanton, Calif., conducts a survey involving a massive, nationally representative sample of loans closed each[…]