Tag Archives: short sales los angeles

No Need to Live ‘House Poor’ to Land a Luxury Property in the OC

Yesterday’s news that first-time homebuyers can take immediate advantage of the $8,000 HUD tax credit for use towards their down payment and closing costs may have you eager to join other SoCal residents in getting more house for their money by entering … Continue reading

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Hip, Hip, HUDray! Use That $8K Today

So, you’ve probably heard about the $8,000 tax credit available to first-time homebuyers. Well, the real drag about this offer was that buyers had to wait until tax refund time to see that eight grand and didn’t get it right away to … Continue reading

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And Now a Message from the California Association of Realtors

In April, California home sales were up and prices were down, and C.A.R. has the stats to prove it, “Home sales increased 49.2 percent in April in California compared with the same period a year ago, while the median price of an existing … Continue reading

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What the Glink Are You Talking About?

Ilyce Glink over on ’s MoneyWatch.com blog is bellyaching that home prices are still falling. While, this is not the best news, it has increased affordability and made it possible for many young families to buy their first homes. In these tough times, … Continue reading

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Short Sale and Foreclosure “Homes Almost 20% Cheaper”

The reports are in and CNNMoney.com has this to say about the first quarter of 2009’s housing market, “the S&P/Case-Shiller National Home Price index, a bellwether of real-estate market direction, plunged a record 19.1% during the quarter compared with the first three months … Continue reading

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Don’t Bank On It: Banks Struggle to Sell Properties in Cali

This probably isn’t news to our devoted Orange County readers, but I’ll put it out there anyway, Mathew Padilla over at the OC Register’s Mortgage Insider is reporting “bank owned homes sell slowly on the coast.” He lists a few reasons for … Continue reading

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A New Wave of Short Sales Coming

There have been a lot of articles written lately about the coming wave of option ARM resets that are set to occur mostly between 2010-2012 (investment bank Credit Suisse has a detailed research report available for clients). The Option ARMs … Continue reading

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Current Orange County Market is a First Time Homebuyers’ Paradise

MSNBC spoke to the CEO of RealtyTrac, James Saccaccio, located in our own backyard of Irvine, California. What’d James have to say? “Sales activity appears to be increasing in some of these hard hit markets as home prices have fallen to levels that are … Continue reading

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Sluggish Market Spurred by Uptick in Home Improvement Stock

 In the optimistically titled article, “Wall Street throws a house party,” CNN reports that Lowe’s CEO, Robert Niblock, sees an end in sight to the housing decline,  “In recent weeks we have seen consumer confidence improve, housing turnover show signs of … Continue reading

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Can a Short Sale be Your Snorkel?

Zillow.com has some disheartening news to share, “In California, 32% percent of homes are worth less than what’s owed on them… Nationally, 22% of all homes are underwater…” And just in case you can’t take a company with a fluffy name seriously, … Continue reading

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