When Is The Market Going to Go Back Up?
I was in my local coffee shop last week and ran into a friend. He asked me the question I hear more than a few times a week: "When is the real estate market going to go back up?" There's no question that we've taken a hard fall in our Orange County values - a very hard fall and we all long for …
Read more...Microscope on the Market – Wagon Wheel
Wagon Wheel Wagon Wheel is small community in Trabuco Canyon located off Oso Parkway not far from the south gate of Coto de Caza. The homes were built in the mid 90's by Kaufman & Broad who subsidized the original mello roos bonds making it known in part, for it's very reasonable tax rate. H…
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 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...It’s a Buyer’s Market – Or Is It?
I did some research for a client tonight and the findings are important to share with readers here. If you are a serious buyer or seller, this information is telling. Please stick with the tedium of the stats because the story it tells is meaningful. This particular buyer is looking in Mission Viejo between $450,000 and $550,000. He wants a single family residence. With that criteria, I hit the MLS looking for a picture of where we really are. As many of you know, I'm the last pe…
Read more...Predictions for Market Recovery in the OC
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 …
Read more...My Dad Always Said, “Buy on Bad News…” Why Now Might Really Be the Time
My Dad was a stockbroker and has always said, "Buy on bad news, sell on good news." Over the years he's made great money with that strategy. As soon as everyone wants to buy - he's out. I'm not sure the philosophy ought to be much different in the housing market. Yet the fear, the challenge…
Read more...When Will this Orange County Real Estate Market Improve?
Isn't this the million dollar question! People talk about it, speculate over it, study it, and try to make buying and selling decisions based on all of it. So when will the Orange County real estate market improve? I thought we'd be in this condition at least until Spring of '09, because his…
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Linsey Planeta
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