by Scot Campbell – 02/19/2012 Source: Steven Thomas, ReportsOnHousing.com According to Seven Thomas of Reports On Housing, the Orange County real estate market is “on fire”. Here are some of his comments from recent research: Thus far in 2012, the housing market has exceeded everybody’s expectations. Yes, we have heard many experts declare that we have reached a [...]
Feb
19
2012
19
2012
Feb
19
2012
19
2012
Foreclosure Filings Down during 4th Quarter 2011
By Scot Campbell– Source: Dataquick article dated 1/24/2012 According to Dataquick, the number of homes in Orange County going into foreclosure during the 4th Quarter of 2011 was down 2.1% compared to last year. Statewide, the number of homes going into foreclosure dropped in the fourth quarter of 2011 to the second-lowest level in more [...]
Feb
10
2012
10
2012
Surf’s Up in Avalon Harbor !
First and formost, this is a real estate blog with information about trends in real estate, but I also like to touch on interesting events on our Coastal Community. Well, this winter has had a fair number of Santa Ana wind days and when the conditions are just right, surfable waves can actually break in [...]
Feb
7
2012
7
2012
Where’s the Foreclosure Flood?
by Scot Campbell – 2/7/2012 Homebuyers have been told there is a “shadow inventory” of foreclosed homes, so naturally they want to know “Where are they?” Alan Mallach, a senior fellow at the Brookings Institution, helps explain why more properties have NOT ended up on the market as foreclosure resales. Sometimes the owner cures the [...]
Feb
6
2012
6
2012
How’s the Market for Single Family Homes?
Huntington Beach Single Family Homes January 31, 2012 Update By Scot Campbell– February 6, 2012 Ground Hog Day is past and the unofficial beginning of the spring home buying season is upon us. So, will there be six more weeks of “housing market winter” or will spring be sprung early? You will be pleasantly surprised [...]
Feb
6
2012
6
2012
How’s the Market for Condos & Townhouses?
Huntington Beach Condo & Townhome Market Update January 31, 2012 By Scot Campbell– February 6, 2012 Ground Hog Day is past and the unofficial beginning of the spring home buying season is upon us. So, will there be six more weeks of “housing market winter” or will spring be sprung early? You will be pleasantly [...]
Feb
6
2012
6
2012
Real Estate Economics issues 2012 Forecast
Mark Boud of Real Estate Economics published their National 2012 Real Estate Market Forecast on January 30, 2012. Mr. Boud consults mostly merchant builders on market conditions so they may make better decisions on current and future building projects under consideration. Here is a summary of his research: There are strong signs of private employment [...]
Feb
6
2012
6
2012
Demand surges 24% in just two weeks.
It is time to get realistic for buyers looking to purchase a home in OC below $750,000. 02/04/2012 – Source: Steven Thomas – Quantitative Economics and Decision Sciences I talk to REALTORS® out in the trenches and they all say that most buyers that are new to the market are unrealistic in their expectations. Flip [...]
Feb
2
2012
2
2012
Record Low Mortgage Rates, O.C. Employers hire 24,600
Low mortgage rates and positive job growth are both highly correlated with a healthy housing market, so it was interesting to see today that mortgage interest rates hit another low and Orange County added a significant number of jobs in 2011 (the highest number of new jobs since 2006). Brian Lewis reported in Bloomberg today that [...]
Jan
26
2012
26
2012
California & O.C. Foreclosure Activity Drops
Source: Dataquick January 24, 2012 The number of California homes going into foreclosure dropped in the fourth quarter of 2011 to the second-lowest level in more than four years, the result of evolving lender and mortgage servicer policies as well as shifting market conditions. A total of 61,517 Notices of Default (NODs) were recorded at [...]