10 Things You Should Know if You Are Moving to Orange County
Skip the Weather Forecast - It's 70 and Sunny: No disrespect to the local weather forecasters, but we don't rely on them for much. If they predicted 70-something for temperatures year round, they'd be right (or close to it) most of the year. For many folks, this is the ideal and is one of t…
Read more...2008 Orange County Residents – “We’re Outta Here”
Forbes Magazine recently published an interesting visual representation of moving trends. It allows one to visually get a sense if more people are moving into, or out of, a particular county during 2008. Orange County was pretty interesting. Guess I'm not entirely surprised to see that the in…
Read more...The Housing Bottom? Not Yet
The housing bottom can be an elusive thing. Determining when we've actually arrived can only be seen in retrospect, but clearly there are some signs that indicate, we haven't quite seen the end of this housing recession. As I've said before, there are several things that have me concerned about…
Read more...Foreclosures Will Be on the Rise
No crystal ball needed here - we are about to see a sharp increase in foreclosures in the coming months. The foreclosure report for the month of March was recently released by Foreclosure Radar. During the final months of 2008, many lending institutions participated in a voluntary moratorium on…
Read more...So You Want to Buy a Short Sale? A Word of Caution
This post is LONG, but if you are thinking of buying a short sale (or if you're an agent looking for an outlet for your short sale frustrations), PLEASE read. Understanding this information is a must. I completely understand the allure of the short sales when you are a buyer. The prices…
Read more...Microscope on the Market – Laguna Niguel
So many of the media numbers focus on Orange County performance, but real estate performance can vary dramatically within our large county, and particularly at various price points. Today's Microscope on the Market focuses on the Laguna Niguel real estate market. Homes Under $500,000 # of Sales Short Sales Bank Owned Equity Sellers Active 119 63.9% 5% 31.1% In Escrow 71 53.5% 29.6% 16.9% Closed* 18 27.8% 38.9% 33.3% In the under $500,000 mark…
Read more...Microscope on the Market – Coto de Caza
So many of the media numbers focus on Orange County performance, but real estate performance can vary dramatically within our large county and particularly at various price points. Today's Microscope on the Market focuses on Coto de Caza. If you aren't from Orange County - yes this is the home of the infamous Real Housewives of Orange County, although I can't say that the friends that I have living in Coto are anything like the woman as depicted on that show. It's really a beautifu…
Read more...Microscope On Mission Viejo
Today the microscope is on Mission Viejo. So many of the media numbers focus on Orange County performance, but real estate performance can vary dramatically within our large county and particularly at various price points. I'm going to spend the next several posts breaking down each of the South Orange County cities to give you an idea of local performance. Whether you are buying, selling, or just keeping an eye on your local market, these numbers tell the story. BTW Dear Friends/…
Read more...The Hits Keep On Comin’
The other day, I mentioned my astonishment at the Housing Affordability and Stimulus Plan and how it really leaves California (the most troubled housing markets in the country) out in the cold. Then the announcement came regarding an $8,000 tax credit. Forgive me, but whoop-dee-do. While thi…
Read more...State of the OC Market
Recently Jonathon Lansner posted a podcast that he did with Steven Thomas of Altera Real Estate. Great information whether you are a buyer or seller in Orange County. Mr. Thomas posts his Market Time Report every two weeks and continues to be an excellent resource for analysis on Orange County real estate. If you are sizing up a purchase or sale, looking for an opinion on 'the bottom', this is worth 13 minutes.…
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Linsey Planeta
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