Namneet Dhaliwal's Blog

Still a Slippery SlopeBy Nameet Dhaliwal RealtorOrange County CA September 15, 2007Almost a year ago, default notices and trustee sales notices started to rise. Home sales were slower in 2006 as effects of decreased affordability caused by a sudden increase in home prices due to an ample availabi...

 Yesterday morning, I got a call from a prospect asking about rental properties in multimillion-dollar community of Yorba Linda Orange County CA, known as Kerrigan Ranch. He said that he makes about 60-80K per month and posed as a mortgage company owner, asking to see homes for monthly rent of 5-...

By Namneet Dhaliwal, RealtorAugust 1, 2007July 2007 marks as the worst month for notices of default and trustee sales in past 12 months. There were total of 1800 homes owners who got these notices. Although a small margin of error is possible due to some duplication. Majority of these homeowners ...

 By Namneet DhaliwalJuly 23, 2007Houses are staying longer on the market and we are experiencing a decrease in price as compared to last year, if the sales continue to slow like this, we could see this pull back in prices going to 2004 levels. According to local MLS data there were about 173 resi...

By Namneet DhaliwalJuly 23, 2007According to local MLS data there were about 258 residential properties for sale in 08/01/2006. As of July 23, 2007 there are 312 homes listed for sale, showing a jump in the inventory as compared to the last year.We are starting to see a long list of price reducti...

 By Namneet DhaliwalJuly 23, 2007 Orange County CA Real Estate continues to have higher inventory and lower number of properties in pending status. As of July 20th 2007, there were 17554 homes listed and only 2577 homes were under contract. This is a greater disparity compared to June 17th 2007 w...

 By Namneet Dhaliwal Realtor Orange County CAJuly 12, 2007The numbers are conflicting with the actual market value of homes.Many people look at the median sale price to gauge current real estate market trends. Median sales prices can be very deceptive as it only measures the middle point of prope...

As expected, numbers of active listings are rising slowly as we approaching the highly demanding season of the year in housing market. Brea Ca has 170 active homes for sale and there are 37 homes under contract. People are very skeptical of this market and many buyers are staying on the sidelines...

We are starting to experience an increase in the number of new listings in the market Orange County CA now have 16,238 homes and condos for sale. According to So Cal MLS data, there are 3001 properties with pending status. Although the number of sales have picked up but so did the number of new l...

A reminder for wise minds.There is a lot of noise about 70% of buyers looking for the house on the internet, but does that means 70% business comes through the internet. Answer is no. Marketing companies call daily to sell the keywords trying to offer the easy solution to get that business. Realt...