Further Evidence of the Short Sale Debacle

Market changing indicator?

I had this conversation on Twitter today and had to share it as further evidence of the common problems we see in the marketplace when it comes to the handling of Short Sales.  In case you are not familiar with Twitter, it’s a social media and micro-blogging platform. The banks aren’t improving things for the… [Continue Reading]

Maybe the Solution Isn’t a $700 Billion Bailout

Brainstorming a solution

There has been much discussion about the big bailout.  But in case anyone with any influence is listening – I have an idea that could make a big contribution to our market recovery.  Just call anytime and I’ll share my insight with you – from the trenches.  I’ll be waiting for your call. For the… [Continue Reading]

Predictions for Market Recovery in the OC

Home prices

There has been some sun peaking through the storm clouds of the Orange County real estate market which is bringing rise to the question, ‘When will we see the real estate market recover?’ There is still tremendous volatility in the banking industry and financial markets but there are some bright spots.  We have already begun… [Continue Reading]

Best and Worst Performing Orange County Zip Codes

Home pricing

The Orange County Register’s Jonathon Lansner put together his Zippy’s, an analysis of the 83 Orange County zip codes. The chart gives a year over year breakdown of sales volume, price changes, and number of foreclosures in each of the 83 zip codes. The chart is definitely worth taking a few minutes to look at… [Continue Reading]

Sign of the Times

Housing market collapse

I often answer questions that consumers post about Real Estate on Trulia’s Q & A.   Tonight, one came across my computer that is a real indication of where we are at today in our real estate and financial markets: What if the bank that owns the foreclosed home I want to buy, goes bankrupt before… [Continue Reading]

What Is a Good Deal?

The new buyer profile today is understandably looking for a ‘good deal’.   With the major changes we’ve seen in Orange County in the last 2 years, the buyers that feel ready to jump into the market are consistently saying, ‘If I find a good deal…’ So what is a ‘good deal’?  Let’s examine the potential… [Continue Reading]

Have We Hit Bottom?

Yesterday, the Orange County Register had an article entitled ‘O.C. Homebuying Slump Ends After 33 Months’. I love that title and I hope that it’s true.  I have some concerns: The coming election will likely slow buying activity. Based on past real estate years it’s likely to be a bit slow with buyers taking a… [Continue Reading]

Not Much ‘Relief’ in this Housing Bill

capitalgainsexclusion

The President signed the Housing Bill last week.  I’ve been reluctant to talk too much about it until I had a chance to understand some of the particulars.  I’ve learned a lot in the last week about it and consumer beware be aware.  There is a lot of hype and I’m not sure much help here. The… [Continue Reading]

Orange County Sales – 1 in 4 Have Been In Foreclosure

Housing market collapse

‘Foreclosure frequency in O.C. looks pretty good vs. the rest of the state, where 40% of second-quarter sales had previously been through a foreclosure (And it was 73.3% in Merced!)’, according to Jonathon Lansneron his Orange County Real Estate Blog.  He also stated that Orange County didn’t look too bad by comparison.  25.1% of OC… [Continue Reading]