The OC Housing News profiles properties for sale each day and presents current market data on each city in Orange County. If you really want to know what’s happening in the OC Housing market, you need to read the OC Housing news and subscribe to the our monthly newsletter 33885 ROBLES Dr Dana Point, CA 92629 $1,399,999 33857 VIOLET LANTERN St 0.03 miles 3 bd / 3 ba 2,352 Sq. Ft. $649,900 33771 OLINDA Dr 0.15 miles 6 bd [Read More...]
This $25 billion bank settlement was a scam for two reasons. 1) The banks were never punished for committing fraud on MERS. 2) The money from the settlement won’t go the people that damaged. These two reasons should be enough to file a class action suit…to both State and Bank. Needy States Use Housing Aid Cash to Plug Budgets By SHAILA DEWAN Published: May 15, 2012 Hundreds of millions of dollars meant to provide a little relief to the nation’s [Read More...]
I believe this article is missing one very important point. It’s not labor mobility, it’s interest rate risk. In the Orange County market affordability is because mortgage/interest rates are at historic lows. However, it mortgage rates were to return to their historic range, then these homes would less affordable and would probably decrease in price. Why Renting Works in a Buyer’s Housing Market By Morgan Korn | Daily Ticker – 21 hours ago Americans have a lot of questions about the housing [Read More...]
No, I’m not joking. This is a new program from Bank of America. BofA to pay homeowners more for short sales By Jon Prior May 15, 2012 • 3:26pm HousingWire Bank of America launched a new short sale program that could pay distressed homeowners between $2,500 and $30,000 in relocation assistance. Over the last two years, the bank completed roughly 200,000 short sales. For the first three months of this year, it completed 30,000. As new servicing requirements and [Read More...]
I know the price of room and board has increased, so purchasing a condo would at least retain a little of the equity. However, you kid would only be in college for 4 years and in that time you could lose of your market value. In addition, some the tax benefits on second houses might be removed by the congress in a few years. Skip the dorm, buy your kid a condo By Bill Bischoff | MarketWatch – Mon, May 14, 2012 [Read More...]
I think there are too many threats to keep home prices at this level. You have: Interest rate risk FHA insolvency or the inability to maintain their low downpayment program Fannie and Freddie continued decreases in the conforming loan limits Shadow Inventory Economic risks from Europe California budget problems LPS: Home Prices Increased, but We’ve Been Down This Road Before 05/10/2012 By: Esther Cho For the first time since March 2010, data from Lender Processing Services (LPS) showed an increase [Read More...]
Stunning Spanish style home located within the Prestigious, Ocean Front community of Cotton Point Estates, former grounds of President Richard Nixon’s ‘Casa Pacifica’ Western White House. Highest Quality materials noted through-out. This very special Home offers a very spacious yet warm flowing floor plan featuring 7 bedrooms, 8.5 bathrooms, Bonus/Great room, Media Room, Exercise room, Den/Game room, Gourmet Kitchen with walk-in Wine room, Formal Dining and Living rooms, Otis Elevator services both floors, 20 foot ceilings in Living room as [Read More...]
The OC Housing News profiles properties for sale each day and presents current market data on each city in Orange County. If you really want to know what’s happening in the OC Housing market, you need to read the OC Housing news and subscribe to the our monthly newsletter. 33065 SEAWATCH Dana Point, CA 92629 $649,000 24591 BENJAMIN Cir 0.32 miles 4 bd / 2.25 ba 2,067 Sq. Ft. $599,000 33332 SEA BRIGHT Dr 0.34 miles 5 bd / [Read More...]
Mortgage rates still decline, despite of record US debt. Conventional wisdom states that interest and mortgages should increase due to record US debt and credit rating downgrades. So what is pushing rates lower? It’s the enormous pressure from the federal to push long term interest lower. However, there could be a more inflation price to pay for these low rates. Mortgage rates hit all-time lows for second straight week By Justin T. Hilley May 10, 2012 • 9:00am Fixed-rate mortgages [Read More...]
Although I don’t agree with everything here, it’s a still a very good read. Twelve Facts That May Surprise You About the Housing Bust By Nick Timiraos May 4, 2012 wsj.com What if the conventional wisdom about the mortgage crisis is all wrong? That’s the implication of a new paper from economists at the Federal Reserve Banks of Atlanta and Boston that’s bound to spark debate because, if their premises are correct, it sharply undercuts the justification for much of the [Read More...]
The first post covered student loans and colleges withholding transcripts. Now this post is covering people that afford to pay for bankruptcy. This another group that would have to rent until their credit scores clear up. Too broke to go bankrupt By Blake Ellis @CNNMoney May 7, 2012: 6:55 AM ET NEW YORK (CNNMoney) — This year, hundreds of thousands of Americans are expected to be too broke to file for bankruptcy. The average cost to file for Chapter 7 [Read More...]
I’m trying to figure out the angle on this. Do the banks get a kickback from the insurance companies or the do the banks. Or in case of disaster are the banks losses covered for a house that is upside down on it’s mortgage? Look Who’s Pushing Homeowners Off the Foreclosure Cliff By the Editors // May 6, 2012 3:01 PM PT, Bloomberg One of the more confounding aspects of the U.S. housing crisis has been the reluctance of lenders [Read More...]
Even while I type this mortgage rates continue to drop and rent has been on increase. However, with the economy, federal intervention, banks, and 100 other variables who really knows. The normal market forces are not in play Is This Market ‘Bottom’ a True One That Will Stick? 05/03/2012 By: Esther Cho dsnews.com During a CoreLogic economic webinar Thursday, the company’s chief economist, Mark Fleming, Ph.D., was asked if the housing market has hit bottom and will it stick, as [Read More...]
Sunday’s Orange County Housing News Beach Estate Profile Awe inspiring design meets with pristine white sands and breathtaking ocean views for the ultimate in modern luxury living. This sleek, sophisticated estate commands attention with its dramatic entrance over a glass bridge above a beautiful mosaic tiled fountain. Enter through the large stainless steel door to be greeted by a one of a kind visually stunning glass elevator and glass staircase. Attention to detail in its finest form addresses each room [Read More...]
The OC Housing News profiles properties for sale each day and presents current market data on each city in Orange County. If you really want to know what’s happening in the OC Housing market, you need to read the OC Housing news and subscribe to the our monthly newsletter. 32182 SEA ISLAND Dr Dana Point, CA 92629 $1,299,000 32392 CRETE Rd 0.31 miles 3 bd / 2.75 ba 2,505 Sq. Ft. $699,950 32192 LINKS POINTE 0.32 miles 5 bd [Read More...]
