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 [...]

Mortgage Market Week in Review

Donna Pacchini, of Pan American Mortgage has generously shared her knowledge and insights with us once again.  Thank you Donna! First Fannie and Freddie: As EVERYONE knows by now, Fannie and Freddie were taken over by the Federal Government last Sunday.   What does that mean?   A couple of things that have become clear so far:  [...]

I Remember

I wanted to post something, a tribute for those who were lost September 11th. I’ve looked at some moving videos and tributes, beautiful things people have taken the time to put together. But I can’t bring myself to post them because I know that every time a family member has to see it, they watch [...]

Maybe Atlas Isn’t Shrugging Just Yet….

A few years ago I read Ayn Rand’s ‘Atlas Shrugged’.  It had a powerful impact on me.  I read – a lot – but it is the rare book that years later, I still think about.  ‘Atlas Shrugged’ is one of those books.  Part of the premise of the storyline is the forced redistribution of [...]

Why Orange County’s Median Price May Fall Under $400,000

Southern California Home Prices

It’s a long way to fall I know.  From our ’07 high – well over $600,000 – to our median home price  as of July ’08 at $460,000 (according to DataQuick).  As tough as that is to swallow, we may still have a ways to go. Here’s a picture of the Southern California Real Estate [...]

Fannie and Freddie Bailout Official

This week’s important news about the Fannie Mae and Freddie Mac bailout requires some lender expertise and further explanation. Donna Pacchini, of Pan American Mortgage, has been kind enough to share some of her insights with OC Real Estate Voice readers. Well, it happened.  In case you haven’t heard the news, Fannie and Freddie were [...]

Trying to Understand the New Capital Gains Laws

Recently I wrote a post discussing the new ‘Housing Relief Bill’. While there are many facets of this new bill, one that had me concerned was the changes to the Capital Gains Law. There is some confusion about the interpretation of the law that is being discussed in various blog forums. The bill actually may [...]

The Hits Just Keep on Coming…Another Bank Bites the Dust

bank-bites-the-dust

Another bank falls apart, 1st Heritage Bank.  This is the first local one to fail in Orange County since 1994, according to Jonathon Lansner.  Check out Jonathon’s article for full details. We’re not through this thing yet, not by a long shot.  

What is Twitter? Still Trying To Figure it Out?

twitter

Okay, you are not alone.  I’ve tried to tune in, I’ve even tweeted, I just have struggled with why.  Then I read a great article posted on The Real Estate Tomato Blog that helped.  Slowly but surely, it’s starting to make sense.  I’ve also made a big discovery that I think will make it much more [...]

Is This the Big One?

earthquake

The ground shook today while I was working from home and I couldn’t help but think, ‘Is this the Big One?’ In April ’08, the U.S. Geological Survey came out with a report stating that, “California has more than a 99% chance of having a magnitude 6.7 or larger earthquake within the next 30 years….”   So [...]