The Insurance Information Network of California has come out with a list of 10 things homeowners can do to try and prepare for potential earthquakes. With the recent seismic activity in our area – and throughout the world – it wouldn’t be a bad idea to read through list and see what small chang
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01/19/2010
As of January 1st, the Silverado Canyon area of Orange County was the top place for home price cuts. 38% of Silverado home on the market have had at least one price cut since being placed for sale. In second place was the Irvine Center-Deerfield area of Irvine with price reductions for 37% of
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01/19/2010
Van lines statistics are used as a yearly indicator of which states are experience an influx of new resident and which states are seeing more residents move away. The latest statistics put out by United, Allied and Atlas van lines show moves to and from California combines fell 21% last year. T
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01/19/2010
The Home Affordable Foreclosure Alternatives Program (HAFA) was released by the Treasury Department on November 20, 2009 and has been intended to help increase the number of short sales that take place. HAFA is a part of the Home Affordable Modification Program (HAMP). The new government progra
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01/19/2010
Construction nationwide continues decrease resulting in construction-worker unemployment at 22.5%. Over 53,000 construction workers were laid off in December alone. In the past year more than 934,000 construction workers have lost their jobs bringing the number of unemployed to over 2 million.
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01/19/2010
Last week there were 2,180 active short sales on the market in Orange County, which was a 1% increase from two weeks earlier. There was another 7,000 short sales that were either on hold or were active listings pending sales. Short sales must be approved by a bank therefore all short sales lis
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01/19/2010
The latest O.C home inventory report says demand for local homes is up 12% at the start of 2010 compared to a year ago. The demand numbers are measured by the number of escrows opened in the past 30 days. The supply of active listings – or homes that shoppers can look at is down 35%. At the cur
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01/14/2010
The O.C Clerk Recorders Office is reporting that Orange County businesses filed the fewest number of fictitious business names and changes in 2009 in at least five years. In 2009 only 36,520 forms were filed. The number of filings has been steadily decreasing every year since 2005. They are mo
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01/14/2010
Nationwide, the number of mortgage applications for home-purchase loans is at its lowest levels since November 1997. Since mid October the number of applications has been decreasing, partially due to the fact that interest rates have been increasing. The lack of mortgage applications could als
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01/14/2010
Big landlords are lowering rents to try to fill the empty apartments they have. New statistics show that as many as 2-in-3 big landlords are cutting the rents in order to fill vacancies. Of the big landlords surveyed, 71% have experienced significantly higher vacancy rates over the last year.
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01/14/2010
