Buying a Home? Consider COST not just Price

There is a difference between COST and PRICE. As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not about price but instead about the ‘long term cost’ of the home. Let us explain. Last[…]

To Be Thankful For on Thanksgiving – U.S. Negative Equity Rate Falls at Fastest Pace Ever in Q3

No doubt many people have had challenges with negative equity.  I was very happy to read the Zillow Q3 report indicating that the US negative Equity Rate has fallen sharply!   According to the third quarter Zillow Negative Equity Report, the national negative equity rate fell at its fastest pace in the third quarter, dropping[…]

Key Strategies On Why NOT To Wait Until Spring To Sell!

  Many sellers feel that the spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the fall and winter have their own advantages. Here are five reasons to sell now.   Only Serious Buyers Are Out At this time of year, only[…]

RE/MAX National Housing Full Report

Enjoy the RE/MAX National Housing Full Report   November_2013_REMAX_National_Housing_Report       As always, let us know how we can help you find the home of your dreams in Laguna Beach, Newport Beach, the Laguna’s, Dana Point and our coastal inland cities – please contact us!   Make it a great day!   Jeff

RE/MAX Video Housing Report – Enjoy!

  As always, let us know how we can help you find the home of your dreams in Laguna Beach, Newport Beach, the Laguna’s, Dana Point and our coastal inland cities – please contact us!   Make it a great day!   Jeff

US Average Down Payment Percentage Falls to 15.73% in Q3 2013

“Lenders are putting more focus on purchase mortgages and are adjusting minimum requirements to attract borrowers,” said Doug Lebda, LendingTree founder and CEO. “With home values improving, the risk of borrowers defaulting on loans has decreased, giving lenders more confidence to lend with less cash down from qualified borrowers.”           As[…]

Good news for homebuyers who don’t have a lot of cash on hand: Banks are offering loans with down payments of just 5%.

  After the housing bubble burst, buyers needed to come to the table with as much as 20% down or they had to turn to the Federal Housing Administration for a low down-payment loan. But now banks like TD Bank, Bank of America (BAC, Fortune 500), and Wells Fargo (WFC, Fortune 500) are loosening the[…]

California home prices return to pre-recession levels

Several cities in The Golden State are returning to pre-recession peaks as home prices continue to increase nationally. The change is more acute in California, however, and experts are calling some of the markets overheated. Broadly speaking, home price growth is pushing through despite environment headwinds such as rising interest rates, which is starting to[…]

2014 Economic Predictions

Speaking at the 2013 Realtors Conference & Expo Friday, National Association of Realtors (NAR) chief economist Lawrence Yun predicted steadiness in existing-home sales over the next year as prices continue to ascend. Looking over the past year, Yun said he expects existing-home sales to be up about 10 percent in 2013 to 5.13 million. Sales[…]

Buy Now or Pay More Later?

Forbes, in their online edition last week, spoke to the importance of buying a home now rather than waiting. “With mortgage rates creeping up toward 5% as 2013 draws to a close, potential home buyers have some decisions to make — and soon. The danger for potential homebuyers isn’t that mortgage rates are nearing 5.00%;[…]

Don’t Wait for the For Sale Sign to Start Shopping for the Home of Your Dreams!

  Buyers are chasing a limited number of homes. Want one? You’ll need to spot the good prospects early, Reports Money Magazine One way to head off the competition is to look for so-called pocket listings, homes that are for sale but don’t show up on the multiple listing service, where brokers post available properties. […]

Orange County Home Prices Up Nearly 22%!

Home prices in the Los Angeles-Orange County area jumped 21.7 percent year-over-year in August, the biggest percentage increase since December 2005, new housing figures released Tuesday show. The Los Angeles-Orange County housing markets saw the third biggest home-price increase among the 20 leading U.S. metro areas in the latest S&P/Case-Shiller Home Price Index. Please contact[…]

Americans Are Moving Again To Warm Climates!

Greetings! New U.S. Census data show that the great slowdown in migration caused by the recession is starting to give way. In 2012, “domestic migration” was as high as it’s been in the past five years — nearly 16.9 million people moved between counties, with long-distance interstate moves accounting for about 7 million of those,[…]

Let’s Share Some Good News – Foreclosures Continue to Decrease!

Happy Sunday! According to residential real estate analytics provider CoreLogic (NYSE: CLGX  ) , the number of completed foreclosures declined 39% in September 2013 compared to the same month last year, the company announced today. In September 2013 there were 51,000 reported foreclosures in the U.S., down from last year’s 84,000, CoreLogic said. This is great[…]

Check Out The Virtual Tour of This Beautiful Home in Laguna Niguel – Open House Today!

Open House today 10:30 – 3:00 at 25655 La Cima Laguna Niguel, CA 92677 Located on a cul-de-sac in the prestigious Westridge Estates Community. Beautifully updated 4 bedroom, 3 bathroom home with a spacious upstairs office as well as a bonus room upstairs. There is a bedroom downstairs which also has access to a full[…]