La Mirada, CA Real Estate News

By Ronnie Gonzales
(Family Tree Home Loans)
With credit requirements tightening, borrowers have fewer choices in mortgage loans La Mirada, CA—As record numbers of foreclosures pervade the subprime market, lenders are becoming more and more anxious, and as a result, they’re tightening their mortgage loan guidelines.  These more stringent guidelines, many of which relate to credit scores, are making it difficult to impossible for individuals with less-than-perfect credit to secure the loans they need—whether to buy a new house or refinance a loan to keep their homes out of foreclosure.    “Borrowers are facing a very difficult time these days,” explains Ronnie Gonzales, a Mortgage Consultant with Family Tree Home Loans, a mortgage brokerage company based in Anaheim, CA.  “For instance, last year a borrower could get into a five ye...
Comments 0
By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada California 90638, 90737, 90639 ~ Real Estate Market Update for June 2007The City of La Mirada is a residential community of homes with a wide variety of pricing. La Mirada is in Eastern Los Angeles County.    Current prices in the City of La Mirada for single family homes range from a low of $460,000 for  4 bedrooms/ 2 baths, 1,128 square feet,  and a high price of $1,600,000 for 4 bedrooms 4 baths at 3,983 square feet.. Condo pricing currently begins at $239,000 for a 1 bedroom/1 bath, 634 square feet, to $630,000  for 3 bedrooms/3 baths, 1,736 square feet.Single family activity for June 2007l:180 re-sale homes currently for sale in the $420,000 to $1,475,000 price range, (up 14% from last month).20 homes sold and went into escrow. 24 closed sales. Condos/town home activity f...
Comments 4
By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada, CA Real Estate Marketing Update for May 2007The City of La Mirada is a residential community of homes located in Eastern Los Angeles County and bordering nearby Orange County to the East.   Current prices in the City of La Mirada for single family homes range from a low of $420,000 for a bedroom  2 bedrooms/1 bath, 1,110 square feet,  and a high price of $1,475,000 for 5 bedrooms 6 baths at 4,400 square feet.. Condo pricing currently begins at $334,000 for a 2 bedrooms/1 bath, 973 square feet, to $529,000  for 3 bedrooms/2 ½ baths, 1,423 square feet.Numbers include: Single family activity for May:180 re-sale homes currently for sale in the $420,000 to $1,475,000 price range. 21 homes sold and went into escrow. 5 closed sales. 39 homes off market, listings expired, withdrawn o...
Comments 5
By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
 La Mirada ~ California 90637, 90638, 90639The City of La Mirada is a residential community of  homes with variety of pricing for single family homes and condos/townhomes. La Mirada in Eastern Los Angeles County and is also home to Biola University. Current prices in the City of La Mirada for single family homes range from a low of $420,000 for a bedroom  2 bedrooms/1 bath, 1,110 square feet,  and a high price of $1,475,000 for 5 bedrooms 6 baths at 4,400 square feet.Condo pricing currently begins at $334,000 for a 2 bedrooms/1 bath, 973 square feet, to $529,000,000  for 3 bedrooms/2 ½ baths, 1,423 square feet.Single family activity for April:135 re-sale homes currently for sale in the $420,000 to $1,475,000 price range. 21 homes sold and went into escrow. 5 closed sales. 39 homes were ...
Comments 3
By JD Castanon
(Prudential California Real Estate)
      We have several sayings in our office, most would not make sense to the average person but should to every real estate professional out there. One of the sayings is "you don't know what you don't know" how true is this? With the amount of people who have a R.E. license out there how many are really trained in the art of how to really do what we do? You can train like crazy and have all the book smarts in the world but until you actually sit down in front of real people whether it be role playing or with real live clients you have no idea what is going to come out of your mouth. Every time we have an opportunity we should sit and practice either our presentation or review contracts or both. How many time have you received an offer and wonder what 3rd grader filled this out or talke...
Comments 3
By JD Castanon
(Prudential California Real Estate)
HELP PASS C.A.R.-SPONSORED BILL TO STOP PRIVATE TRANSFER TAXESC.A.R. is sponsoring SB 670 (Correa), "Private Transfer Tax Prohibition," to prevent the imposition of point-of-sale private transfer taxes, which add to the cost of owning a home. Because of a loophole in existing law, developers legally can impose private transfer taxes on home buyers at the time of purchase, with no oversight from government, no accountability on how the money is spent, and no limit on who can impose the tax or how many private transfer taxes can be added to a home when it's sold. While the developers currently employing this scheme try to define it as a mitigation fee, implying that the funds will always improve the property or the development, this is simply not the case. SB 670 is scheduled to be heard ...
Comments 0
By JD Castanon
(Prudential California Real Estate)
Comments 2
By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
The City of La Mirada composed of primarily single family homes. Many homes in the area were built in the late 1950's and 1960's when the city incorporated.  Since then newer construction has taken place primarily on the eastern hillside of the city.The following statistics are as of January 2007.Homes available for sale:Approximately 153 single family homes for sale in the city, prices range from $450,000-$1,000,000. It's not uncommon to find a small handful of homes over the million dollar rage.Approximately 30 condos/townhomes for sale in the city, prices from mid $250,000's-$600,000.  Those properties in at the lower range are usually designated as senior housing with an age requirement of 55+.Resale closing statistics conclude that 412 homes and towhomes/condos were sold in the cit...
Comments 0
By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
The City of La Mirada is a wonderful Southern California community!   Location, Eastern Los Angeles County, approximately 20 miles south/east of Los Angeles Estimated Population 50,000 Land Size just under  8 miles. Zip codes include 90637, 90638 and 90639. La Mirada is a Southern California community on the Eastern Los Angeles County/Orange County line.  Spanish for "the view"  it's often been described as a bedroom community. of primarily single family homes. Incorporated in 1960, La Mirada is also the home of the famous La Mirada Theater for the Performing Arts.          Area Schools Include: 9 Public Primary/Middle Schools 6 Private Primary/Middle Schools 1 Public High School 3 Private High Schools   One of the cities newest attactions is Spash Mountain! La Mirada is also home to Bi...
Comments 2