Category Archives: Orange County Short Sales

November 30th Deadline Spurs Pending Home Sales

Posted on June 4, 2009 by Minda Reves

The breaking news in real estate is that pending home sales are up and have been for the past three months!  Why? Lawrence Yun, Chief NAR Economist, has the answer, “Housing affordability conditions have been at historic highs, but now the $8,000 first-time … Continue reading →

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

Posted on June 3, 2009 by Minda Reves

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

Posted on June 2, 2009 by Minda Reves

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

Posted on June 1, 2009 by Minda Reves

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?

Posted on May 29, 2009 by Minda Reves

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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Almost 1-in-2 of All New Neighbors Bought a Bargain!

Posted on May 28, 2009 by Minda Reves

The Wall Street Journal had this interesting factoid in its latest article on home sales, “About 45% of the 4.68 million in April sales were foreclosures and short sales.” So, that means if any families recent moved onto your street, the odds are … Continue reading →

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

Posted on May 22, 2009 by Minda Reves

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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Current Orange County Market is a First Time Homebuyers’ Paradise

Posted on May 19, 2009 by Minda Reves

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

Posted on May 18, 2009 by Minda Reves

 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?

Posted on May 16, 2009 by Minda Reves

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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