This week the Government finally turned its attention toward helping rebuild the housing industry. This could be the beginning of a turning point for the real estate market. The senate unanimously voice voted to add the Lieberman/Isakson Amendment to the Economic Stimulus Bill. This amendment w
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02/05/2009
Q. We purchased our current home in May of 2007 and although we had lots of equity from the sale of our previous home and our credit score is in the 800s our mortgage broker recommended an interest-only mortgage where the interest-only portion ends in 7 years. We originally put 20% down but now
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02/04/2009
In 2008 the Construction Industry Research Board estimated that $1.4 billion worth of building permits were taken out by developers for commercial building projects. This amount is well below the average amount for the past decade and down 28% from 2007. For the last decade Orange County has a
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02/04/2009
Q. How can you ease the affect of a short sale in order to avoid a huge hit to one’s credit? Do short sales have an increasing negative effect as the property value gets lower and lower? A. Unfortunately short sales, foreclosures and signing a Deed in Lieu of Foreclosure will all negatively im
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02/03/2009
The latest O.C statistics show that at the current pace it would take a little over two years to sell all the homes on the market in Orange County selling for over a million-dollars. Last November – just three months ago – the market time of O.C 7-figure homes was 13.9 months and at the current
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02/03/2009
Based on last months pace it would take 7 months to sell all the houses currently on the market in Orange County. The estimate of 7 months is less than November’s number of 8.5 months and roughly two-thirds less than January 2008’s 21.5 months. The current estimate is similar to the numbers rec
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02/01/2009
In Orange County distressed properties (home listed as foreclosed or short sale) account for 44.2% of all listed homes for sale. In other Southern California counties: San Diego (46% distressed), Riverside (68%), San Bernardino (60%) and LA (41%). Out of the Orange County homes listed for sale u
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02/01/2009
