Loan Modifications May Not Be the Answer
This may not be the most politically correct piece that I'll write but that's never been my goal here on OC Voice. So here goes.... One of my clients sent me a link to an article published online on CNBC about 'Mortgage Re-Defaults Rising with No Sign of Slowing'. The article states that, "..…
Read more...Foreclosures Making it Tough for the Traditional Seller
Even in a tough market for sellers, there are still those that must sell due to personal circumstances. Whether it's a divorce, job relocation, or financial strain - there are still homeowners with equity, that find themselves in the position of having to sell and in this market, that can pose som…
Read more...CNN Money Predicts the 10 Worst Housing Markets – 8 Out of 10 in California
This morning I came across an article on CNNMoney.com. They predicted the top 10 worst housing market for 2009 across the country and California had the unfortunate distinction of having 8 out of 10 spots. Ranked as number 6 for the worst real estate markets in the country was the Santa Ana - Anaheim area. The Median sales price for 2008 was stated at $532,140. The prediction for '09 was a 23.7% decline. The prediction for 2010 was a 3.5% decline. If these predictions are accurat…
Read more...Rare View of Snow on Saddleback Mountain
It doesn't happen often but when it does, it's breathtaking. Saddleback Mountain is the backdrop for South Orange County. If you live in Mission Viejo or Rancho Santa Margarita, the views can be spectacular. Here is a rare glimpse of Saddleback with snow sent to me this morning from a wonderful p…
Read more...Tracking the Bust and the Misconception of ‘MEDIAN’
This week Jonathon Lansner did his recap of the Dataquick report on the Orange County real estate market. Where are we today? And what does it really mean? The Median Sale Price as reported by Dataquick for a home in the OC was $400,000 - which brings us back to May of 2003 if you're tracking the bust backwards. Lansner states, "That means that 53% of the 1996 to 2007 profit has evaporated." I found some other interesting tidbits on the DQNews site to report: 44.2% of sales in Ora…
Read more...The Second Wave Is Coming – It’s Not Over Yet
My husband, Michael cringes when I post things like this - but I never promised to bring you just the Pollyanna good news in the market. The '60 Minutes' piece speculates that we are about halfway through this housing crisis. According to the show, the first wave of this crisis was made up of sub-prime loans. The second wave is predicted to be Alt-A loans and Option ARMs that have adjustments coming. Watch CBS Videos Online Sean Egan, considered to be one of 6 Wall Street experts…
Read more...Shopping for a Xmas Tree – OC Style
When I was a kid, and while in college as an adult, it was not unusual to get bundled up, carry hot cocoa in thermoses (might not have been cocoa in college....but I digress), and head out into the woods to cut down our Christmas Tree. Although I was born in Southern California, I moved to Oregon …
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Linsey Planeta
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